Virginia-based group acquires Plaza Hotel in Longmont

LONGMONT — A Virginia-based hotel management group has acquired the 210-room Best Western Plus Plaza Hotel and a restaurant space that for the past four years has been leased to Smokin’ Dave’s Bar-B-Q and Taphouse in Longmont from Pratt Management Co.

Chester, Va.-based Shamin Hotels purchased the hotel and restaurant for $11.5 million in a deal finalized last Wednesday, said Sunil Patel, Shamin’s area manager. Patel told BizWest Monday that the company plans to renovate the hotel and conference center. Shamin will manage the 36,000-square-foot Plaza Convention Center for Chernoff Boulder Properties, which purchased the convention center building from Pratt Management in 2016.

Shamin Hotels, in business for 31 years, includes 51 hotels in Virginia, Maryland, North Carolina and Florida. It owns, operates and develops hotels under the Hilton, Marriott, Intercontinental, Starwood and Hyatt flags. The hotel in Longmont will be its first Best Western property and its first outside the Southeast.

“Shamin was looking to come west, so it was a great match for both of us,” said Al Linton, general manager and chief executive of Pratt Management Co. “We are very pleased to bring the Shamin Hotels to Longmont to continue the long-term hospitality needs of the community.

Chad Hansen will remain as general manager for operations in Longmont, Linton said. “The operations and staff will remain intact.”

“The Pratt family is proud to have served the Longmont community’s hospitality needs since 1982,” Linton said in a media release.

“We congratulate the Pratt family and the Plaza Hotel Corp. on a successful 36-year history and look forward to building upon the strong foundation they have created,” Patel added.

Ontario, Calif.-based Marcus and Millichap Real Estate Investment brokered the purchase, Patel said.

Pratt Management Co. still owns four other light-industrial buildings in southwest Longmont.

on Facebook on LinkedIn