Starwood Hotels and Resorts has purchased the Sheraton Steamboat Resort & Conference Center and the Sheraton Golf Course for $58 million, according to sales documents filed in Routt County. White Plains, N.Y.-based Starwood owns or manages 11 properties in Colorado, including the Sheraton Steamboat, the Westin Tabor Center in Denver and the St. Regis Resort in Aspen. Starwood’s corporate spokesman did not return calls for comment Tuesday. The 315-room hotel and the golf course were part of a larger package of Steamboat ski-resort base-village properties that were put up for sale last fall by Ski Time Square Enterprises. Last month, Washington, D.C.-based Cafritz Interests purchased the two other major assets – the Thunderhead Lodge and the Ski Time Square retail space – for a total of roughly $42 million. Cafritz said it plans to raze the buildings to make room for a ski-in, ski-out redevelopment.
Denver-based HVS Capital Corp. handled both sales.
The ski area was purchased in March by Vancouver, British Columbia-based Intrawest Holdings for $239.1 million.
-Article courtesy of Julie Dunn with the Denver Post
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