Cheyenne Mountain Resort and Country Club for sale
Published July 15, 2008 by CSBJ Staff
The 316-room Cheyenne Mountain Resort and adjacent Country Club of Colorado are for sale.
The popular corporate meeting and recreational property has been listed with Jones Lang Lasalle Hotels, said Amber Strang, local JLL vice president. The club and golf course were opened during the early 1970s by the Gates Land Co. Construction on Cheyenne Mountain Resort was complete during 1984.
The 200-acre property includes 40,000 square feet of indoor and outdoor meeting space, a 35-acre lake and an 18-hole golf course designed by Pete Dye.
The property is being marketed by as a “value enhancement opportunity,” meaning that a new owner will probably invest in guestroom, meeting space and landscaping updates and upgrades as well as a significant renovation at the country club and spa.
Strang said that the Benchmark Management Co. will continue to run day-to-day operations.
Brokers said one of the resort’s selling points is current double-digit revenue per available room, a key hotel industry metric.
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