Local investors pay $1.35 million for Nederland hotel

NEDERLAND – A pair of local investors paid $1.35 million this week for the former Best Western Lodge at Nederland, which had recently been rebranded as the Magnuson Hotel Nederland.

Don Altman, of Altman Consulting and a cofounder of AGR Building Inc. in Boulder, said he and a friend purchased the 24-room lodge at 55 Lakeview Drive under the entity Nederland Investment Group LLC.

They purchased the 16,430-square-foot hotel from the estate of the late Vance Boeve, whose family had also been longtime owner of the former Golden Buff Lodge in Boulder that is being redeveloped.

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Altman said he and his partner will rebrand the Nederland hotel again and hire a new management group to run it. Members of the Boeve family had been running the hotel locally and wanted to move on, Altman said. He said hotel employee Nate Olson had been promoted to onsite manager, while employee Danica Vigil would assist him.

Altman said the new owners might do some light cosmetic work on the property to spruce it up, but otherwise planned to keep running it as is.

“We may talk to the town about adding more rooms at some point if we can find that there’s a need for more rooms,” Altman said.

Steve Kawulok of Sperry Van Ness/The Group Commercial and Gary Fitzgerald of Harburg Realty represented the seller in the hotel deal. Judd Kaiman of Revolutionary Realty represented the buyer.

Correction: Due to incorrect information supplied by Sperry Van Ness/The Group Commercial, an earlier version of this story misidentified one of the brokers involved in the deal and listed the wrong sale price.