The Bailey Co Acquires The Golden Hotel In Golden CO From Tebo Properties For $23.5M

The transaction involved the sale of the Golden Hotel, located at 800 South 11th Street in Golden, CO. The hotel features amenities such as the Bridgewater Grill and a 6,600-sf ballroom. It was sold for a price of $23,500,000, with a financing arrangement that included a loan of $13,500,000 provided by Kirkpatrick Bank.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $23,500,000
• Buyer: The Bailey Co
• Seller: Tebo Properties
• Market: Golden, CO
• Financing: $13,500,000 loan by Kirkpatrick Bank
• Award: 2024 Choice Hotels International Gold Award Winner

The deal involved The Bailey Co as the buyer and Tebo Properties as the seller. Kirkpatrick Bank facilitated the transaction with a significant loan, showcasing the financial dynamics of the deal. The property is well-positioned in downtown Golden, enhancing its appeal within the local market.