by Amanda Miller Published: February 17,2012
Tags: Colorado Springs, developer, Foreclosure, hotel, LandCo, Mining Exchange, Perry Sanders, Ray Marshall, rescue, Ridge at Broadmoor View
The man behind the Mining Exchange, a downtown Wyndham Grand Hotel due to open this spring, stands to lose more than $200,000 he invested in a LandCo development-related project on South Union Boulevard unless he rescues it from foreclosure. First Citizens Bank and Trust filed a notice of election and demand against The Ridge at [...] [...]
The recession might be coming to an end, but that doesn’t mean that we’ll see new buildings arise from long-vacant downtown parking lots anytime soon.
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It’s taken four years and three different ownership groups, but the Mining Exchange building and its neighbors, the Freedom Telegraph, Independence and Municipal Utilities buildings, are ready to be transformed into a 150-room “boutique” hotel and conference center.
That is, as long as the city leaders approve key sales tax-sharing provisions. [...]
Finding a management team that shares the owners’ vision on a project such as converting the Mining Exchange and its neighboring buildings into a boutique hotel is not an easy task. Anticipating that challenge, co-owner Perry Sanders hired Tyler Sherman, the former operations manager at Denver’s Hotel Teatro. “We’ll begin marketing the hotel and conference [...] [...]
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