Capital Markets News Property

Capital Property Group Announces Sale of Hotel Elegante for $25 Million

Capital Property Group Announces Sale of Hotel Elegante for $25 Million
Capital Property Group is proud to announce that Investment Advisor, Bryan Rodriguez, and Principal of Sales, Zach Hansen, recently closed the sale of the Hotel Elegante in Colorado Springs for $25 million. The hotel is among the largest in Colorado and was sold to Texas investors SHIR Capital. The hotel will be converted into affordable apartments in Colorado Springs

Independent brokerage Capital Property Group is proud to announce that Investment Advisor, Bryan Rodriguez, and Principal of Sales, Zach Hansen, recently closed the sale of the Hotel Elegante in Colorado Springs for $25 million. The hotel is among the largest in Colorado and was sold to Texas investors SHIR Capital.

Latest Fintech Insights: Biz2x Powered “Made In India” Middleware Platform “Maadhyam” Launched For Lenders And Aggregators

Hotel Elegante has 496 rooms that SHIR will be converting into 500 apartments over the next two to three years. The apartments, which average 365 square feet, will provide affordable housing for entry-level workers and add a significant number of apartment units in Colorado Springs.

Rodriguez represented both the buyer and seller in the off-market real estate transaction.

“This transaction demonstrates that Colorado Springs is an attractive option for investment. In addition, it provides a case study for public and private entities to work together in providing creative housing solutions,” said Rodriquez. “I am honored to have served my clients as well as Colorado Springs in such a historical and game-changing moment.”

Browse The Complete News About Fintech : Fiserv Named to 2022 Bloomberg Gender-Equality Index

Capital Property Group (“CPG”) is a commercial brokerage based in Denver, Colorado, that services the Denver Metro, Colorado Springs, and Oklahoma City areas. Capital Property Group employs an experienced team of brokers in commercial and residential real estate. The team embraces a solution-driven mindset along with a customer-service orientation.

CPG’s leadership has a detailed knowledge of all the markets in which it operates and leverages that knowledge to position its clients well throughout the commercial transaction process. It is CPG’s mission to help its clients achieve their real estate goals and desired outcomes.

Read More About Fintech News Hazel Announces Definitive Merger Agreements with Even and ONE to Build a Business

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Banks Award $66K in Grants to Neighborhood Housing Services of San Antonio

Fintech News Desk

One in 10 U.S. Adults Say They Have Been Victims of Identity Theft Since the COVID-19 Pandemic Began

Fintech News Desk
1