Gaylord to 're-examine' Aurora hotel & convention center
Gaylord Entertainment Co. has agreed to sell the Gaylord Hotels brand and rights to manage its four hotels to Marriott International Inc., and says it won't pursue a new hotel and convention center in Aurora "in the form previously anticipated." The company said it will no longer view large-scale development as a means for growth and will "re-examine" how the project could be completed with minimal financial commitment by Gaylord during the current development cycle. Marriott will buy Gaylord's exiting hotels for $210 million cash. Following ithe sale, Gaylord will continue to own its hotel properties and other businesses and will reorganize as a real estate investment trust - the only lodging REIT focused primarily on group-oriented destination hotels in urban and resort markets.
Jill Jamieson-Nichols has been an Editor with the Colorado Real Estate Journal for more than 15 years, providing coverage of office, industrial, medical office and mixed-use development news in the Denver metro area, plus all property types in Northern Colorado, Boulder County and along the Highway 36 corridor.
Prior to joining CREJ, Jill was Editor of Golden's community newspaper, The Golden Transcript. Jill earned a bachelor’s degree in mass communications from Colorado State University-Pueblo.
When she's not keeping you up-to-date on the latest happenings in Colorado's commercial real estate market, Jill can be found skiing, exploring the outdoors with her dogs, playing the piano, reading, or learning computer graphics.