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Residence Inn -  Steamboat, CO

Working together with local business-people and community leaders, our development team acquired a parcel of land in a strategically sourced, off-market transaction. The parcel, located in a prime, central location of the premier vacation community Steamboat Springs, CO, proved upon site analysis including feasibility and market study to be ideally suited for the Marriott International, Residence Inn product. Levering close hotel management relationships, as well as close ties to the institutional investment community, the property was sold at the 3-year forecasted stabilized rate within 6 months of opening.

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