We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ares Selling Stake In Colo. Hotel Project For $270M

Law360 (September 14, 2018, 4:25 PM EDT) -- Ares Management LP is selling its stake in an under-construction hotel and convention center in Aurora, Colorado, to Ryman Hospitality Properties Inc. and RIDA Development Corp. for roughly $270 million, Ares announced Friday.

The deal is for Ares' stake in the more than 1,500-room Gaylord Rockies Resort & Convention Center, which is slated to open by the end of 2018.

At 1,507 hotel rooms, the project is one of the largest U.S. hotels currently under construction. RIDA Development is also hoping to break ground on a roughly...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.