HVS Capital Corp Advises Successful Sale of Lodge and Spa at Breckenridge, Colorado

HVS Capital Corp is pleased to announce that it served as exclusive advisor to 112 Overlook Drive, LLC to successfully arrange the sale of the Lodge and Spa at Breckenridge in Breckenridge, Colorado.

The 10.1 acre property has been lauded by Condé Nast, Expedia and Fodor's, and includes a 3,500 square foot fitness facility, a spa with eight treatment rooms and 4,300 square feet of meeting space. The property is approved for 38,400 square feet of additional development, one of the few sites in Breckenridge with expansion potential.

Breckenridge has limited lodging supply and high barriers-to-entry. In addition to its unsurpassed views, this property has enjoyed three consecutive years of net operating income increases and includes land approved for development, said Bill Sipple, Executive Managing Director of HVS Capital Corp. The property is strongly positioned to continue to grow its demand base and NOI for the buyer. HVS Capital Corp was able to identify an extensive list of potential purchasers and communicate a comprehensive plan for this asset. That plan was well-received by the market, and this translated into attractive sale proceeds for the seller.

About HVS Capital Corp
Founded in 2001, HVS Capital Corp (www.hvscapital.com) is the investment banking arm of HVS for the Americas. The firms executives have an average of 20+ years experience through several real estate cycles, completing tens of billions in transactions. HVSCC is an innovative industry leader that delivers comprehensive hospitality investment banking solutions based on performance, collaboration, and trust. HVSCC provides an array of financial and capital advisory services, and has vast experience in the restructuring of debt and equity capitalizations, complex asset sales, distressed property workouts, and traditional debt and equity raises.

About HVS
HVS is the worlds leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries. Established in 1980, the company performs 4500+ assignments each year for hotel and real estate owners, operators, and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of more than 30 offices and 450 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. Visit www.hvs.com.