For immediate release
[Steamboat Springs, Colorado – 12/20/2019]
Red 4 Realty Group Announces the Sale of LaQuinta by Wyndham
Representing the Seller and Buyer of this Newly Renovated Upper Midscale Hotel
Red 4 Realty Group, LLC (“Red4”) a member of Hotel Brokers International, announced the successful sale of the La Quinta in Steamboat Springs, CO. Red4, a licensed Colorado brokerage, represented the Seller and Buyer in the sale. Brett Morganti, CCIM & Dan Emert, worked closely with the Seller and Buyer, as well as the parties’ other professionals, to negotiate a mutually acceptable sale. The final sale price is confidential.
LaQuinta by Wyndham Steamboat Springs is a 29 key limited service, interior corridor, upper midscale franchised hotel. The La Quinta is situated with prime visibility on US Highway 40 less than one mile from the Ski Area and less than 5 miles to downtown.
Brett Morganti, said, “We’ve known and worked with the client for many years and we were pleased to be able to help facilitate their purchase of this outstanding asset. The new owners have plans to extensively upgrade the property adding a new addition with porte-cochere, new breakfast/lobby area and additional keys to the facility. ”
About Red 4 Realty Group, LLC
Red 4 Realty Group, known as the Quiet Professionals, used by economy to upper mid-scale hotel owners to effectively buy or sell their properties. We are an independent firm that operates on the tenants of consistency, honesty, accuracy and technology. Beginning with a handshake, we can effectively take you from listing to close, ensuring a successful transaction. You will not see splashy ads in magazines, on the web, etc. promoting ourselves. Our focus is on the client and the deal. Red 4 doesn’t hide behind the team – We are the team. We are constantly honing our skills and in a consistent state of learning to improve our services to you, our valued clients. We are NOT part of some big conglomerate that waits for the phone to ring. Integrity is of upmost importance. We have all the technological tools, but our relationships are built on handshakes THE MOST IMPORTANT: We make it happen!. Red 4 Realty Group may be accessed online at www.red4realty.com.
About Hotel Brokers International
Founded in 1959, Hotel Brokers International members lead the industry in hotel real estate sales. HBI hotel brokerage specialists have successfully negotiated more than 10,000 hotel real estate transactions and consistently account for the largest share of all select-service and economy hotel sales in the United States. The organization’s database currently comprises more than 100 property listings and the HBI website attracts site visitors from around the world. HBI is the founder and administrator of the Certified Hotel Broker program – the industry’s only professional designation for Hotel Brokers. In addition to hospitality real estate advisory services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending, appraisals and investment services. For more information about HBI’s hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.
Contacts:
Brett Morganti, CCCIM / Managing Broker, Owner
Red 4 Realty Group, LLC
Castle Rock, Colorado
303.248.6105 | brett@red4realty.com
Glenda J. Webb, Executive Director
Hotel Brokers International
Kansas City, Missouri
816.505.4315 | gwebb@hbihotels.com
