Newport Beach-based MIG Real Estate has purchased the DoubleTree by Hilton Hotel Breckenridge from Vail Resorts, Inc. in Breckenridge, CO, adding to the firm’s hotel portfolio in destination markets. MIG has retained Vail Resorts Hospitality to manage and operate the asset. Terms of the transaction were not disclosed.
“We are thrilled to acquire the DoubleTree by Hilton Hotel Breckenridge, an irreplaceable asset in one of Colorado’s top mountain resort towns,” said MIG Real Estate hotel acquisitions manager Kyle Halbrook. “The asset is an exciting addition to our growing portfolio of hotels located in leisure-driven markets with strong operating fundamentals.”
The Breckenridge property was built in 1985 and offers 208 rooms and 8.500 square feet of meeting space. Amenities include an underground garage, fitness center, outdoor hot tubs, convenience store and restaurant.
MIG intends to reposition the hotel towards year-round resort enjoyment with curated amenities, premium dining and equipment rentals for a variety of mountain activities.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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