Wanted: Buyer for $22 million Renaissance Hotel
A construction company that was the lone-bidder on a 300-room hotel now faces the difficult challenge of selling it in a depressed real estate market.
When the 300-room Renaissance Hotel on the north end of Colorado Springs goes to foreclosure auction in October, will anyone bid on it? Less than a year ago, investors were interested in taking over the project, near Interstate 25 and Interquest Parkway, but some watching the deal today say the bidding price, expected to start [...]
Continue reading …Flintco, the contractor that performed much of the work at the Renaissance Hotel project, could receive the property through default after an October foreclosure auction. The massive project at Interstate 25 and Interquest Parkway was foreclosed upon in a civil proceeding last month, after construction of the project stalled for months. Flintco, based in Oklahoma, [...]
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