CBRE Hotels Represents Northridge Capital in the Sale of Hotel Telluride

Denver, Colorado – December 12, 2013 – CBRE Hotels, acting as the exclusive advisor to Northridge Capital, LLC, announced the sale of the 59-unit Hotel Telluride in the world-renowned mountain resort town of Telluride, Colorado. The asset sold to VY Telluride LLC, an affiliate of San Francisco based VYTC Investors LLC, an owner/developer of hotels, office buildings and master planned residential communities.

The Hotel Telluride is an upscale, boutique property and offers a full package of resort amenities. The property is consistently recognized by Condé Nast readers as one of the country’s top hotels, and was recently named to Expedia’s list of Insider Select Hotels. The hotel’s 59 guestrooms are subdivided into separate condominium units.

Larry Kaplan and Mark Darrington of CBRE Hotels in Denver represented the seller, in conjunction with J.J. Ossola of Telluride Sotheby's International Realty.

Mr. Kaplan noted, “We are pleased that our international marketing campaign resulted in sourcing such a highly qualified buyer group. The Hotel Telluride generated a high level of investor interest throughout North America due to its spectacular location and luxury amenities. The condo hotel component of the transaction resulted in some additional complexities, but all parties worked together to effectuate a timely closing prior to the winter season.”

CBRE Hotels is a specialized advisory group within CBRE providing brokerage, valuation and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 150 dedicated hospitality professionals located in 37 offices across the globe. For more information, please visit our website at www.cbrehotels.com

Northridge Capital, LLC is a Washington, DC-based real estate investment advisor and asset manager with expertise in hospitality, office and multifamily investments throughout the United States.  The firm has invested in over $790 mil in assets representing 38 separate investments in its 16 year history.  For more information, please visit our website www.northridgecapital.com.


About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.