Who Are The New Owners of Colorado’s Treasured Stanley Hotel?
A Colorado treasure and beloved landmark will enter a new phase of its 120-plus year history, in 2024.
The Stanley Hotel in Estes Park is going to have new owners. Tens of thousands of Coloradans and tourists have stayed there, many more would like to stay there; how will those feelings change?
Oscar Stanley opened The Stanley Hotel in 1909 after discovering the health benefits of living in the Colorado mountains. He and his wife loved Estes Park but felt it lacked the "sophistication" they'd been accustomed to, so they built The Stanley.
Stephen King helped make The Stanley famous with "The Shining," based on his stay at The Stanley. Thousands flock to the hotel each year, hoping to experience something paranormal there.
COLORADO'S STANLEY HOTEL TO HAVE NEW OWNERSHIP IN 2024
The Stanley is owned by a Maryland hotel group whose mission is to purchase historic properties and build up their brands. The State of Colorado and other state art and cultural agencies are also involved with owning/operating the hotel and its surrounding properties.
They purchased The Stanley in 1995, and since then, things have grown for The Stanley; including the anticipated Stanley Film Center, which will be bringing major horror buffs and movie makers alike.
WHO WILL NOW OWN THE STANLEY HOTEL IN COLORADO?
According to the Estes Park Trail-Gazette, in a $475 million deal, it will be Community Finance Corporation (CFC) out of Tucson, Arizona. This nonprofit agency helps governments run, build, and operate facilities.
CFC has done a lot of work with prisons, but also a lot of work with hotel properties. In the Estes Park Trail Gazette's interview with The Stanley's current owner, he states that they (Grand Heritage Hotel Group) will continue to manage the property, and everything we love about The Stanley will remain.
WHEN WILL THE STANLEY HOTEL IN COLORADO HAVE NEW OWNERS?
The acquisition of The Stanley by CFC should be completed by mid-February 2024.
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