N.Y.-based investors buy Hyatt House in Broomfield

BROOMFIELD — The Hyatt House Boulder/Broomfield, a 123-room extended-stay hotel in Broomfield, has been acquired for $18.3 million by a group of investors in Melville, N.Y.

The investor group is headed by the father-son team of Lawrence and Adam Levine, who are principals of  The Levine Organization in Melville. The group used the entity T L O Broomfield Hotel LLC to acquire the property from its developer, Oxford Select Investors-Broomfield LLC. The Levine Organization develops, owns and manages hospitality and other commercial properties throughout the United States.

Concord Hospitality Enterprises based in Raleigh, N.C., will continue to operate the hotel.

Adam Levine, a 2012 graduate of the University of Colorado, was attending school in Boulder when the hotel at 13351 W. Midway Blvd. in Broomfield was being constructed and opened in 2010 as a Hyatt House Summerfield Suites.

“We believe in the Broomfield and Boulder area,” Levine said. “It is a growing corporate market.”

 

BROOMFIELD — The Hyatt House Boulder/Broomfield, a 123-room extended-stay hotel in Broomfield, has been acquired for $18.3 million by a group of investors in Melville, N.Y.

The investor group is headed by the father-son team of Lawrence and Adam Levine, who are principals of  The Levine Organization in Melville. The group used the entity T L O Broomfield Hotel LLC to acquire the property from its developer, Oxford Select Investors-Broomfield LLC. The Levine Organization develops, owns and manages hospitality and other commercial properties throughout the United States.

Concord Hospitality Enterprises based in Raleigh, N.C., will continue to operate the hotel.

Adam Levine, a 2012 graduate of the University of Colorado, was attending school in Boulder when the hotel at 13351 W. Midway Blvd. in Broomfield was being constructed and opened in 2010 as a Hyatt House Summerfield Suites.

“We believe in the Broomfield and Boulder area,” Levine said. “It is a growing corporate market.”