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Wanted: Buyer for $22 million Renaissance Hotel

A construction company that was the lone-bidder on a 300-room hotel on the far-north end of Colorado Springs now faces the difficult challenge of selling it in a depressed real estate market. The market for the hotel is limited, said Robert Benton, a Denver hotel real estate consultant. The only potential buyers are those with… Continue Reading 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. Continue Reading Wanted: Buyer for $22 million Renaissance Hotel

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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 Renaissance Hotel will go to auction, but who will bid?

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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,… Continue Reading Renaissance Hotel contractor Flintco wins foreclosure judgement

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Hammons reveals hotel plans

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John Q. Hammons plans to finish and open the Renaissance Colorado Springs hotel by first quarter 2011- despite the tight credit market and a Marriott.com posting that said his local 300-room hotel and conference center would be delayed until July 2011. Financing for the $90 million-plus hotel is not yet in place, he said, but will… Continue Reading Hammons reveals hotel plans

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Renaissance on hold until July 2011

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Colorado Springs isn’t the only community to see the delayed opening of a John Q. Hammons hotel. Continue Reading Renaissance on hold until July 2011

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