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This ruling by the Colorado Board of Assessment Appeals confirms our theory on the valuation of hotels that manage third-party-owned condominiums through their rental management programs.
This article focuses on the hotels in Summit and Eagle Counties that provide a bed base for the Interstate 70/Front Range ski resorts in Colorado, such as Vail, Breckenridge, Loveland, Copper Mountain, Winter Park, Arapahoe Basin, and Keystone.
Following a series of setbacks that hindered recovery, the Colorado Springs hotel market sprang back in 2014. Government travel levels and economic conditions improved in 2015, and lodging-tax revenues year-to-date reflect a positive trend of growth.
This year, Forbes named the greater Denver MSA as the “Best Place for Business and Careers,” just one of many accolades the area has received in recognition of Denver’s growth in recent years.
Denver’s growth this year reflects what many hotel developers and owners have been witnessing—as a market for jobs, business, and development, Denver continues to outperform.