BUSINESS BRIEFS | After Successful Turnaround, Hotel Madeline for Sale
by Watch Staff
Dec 29, 2013 | 6421 views | 0 0 comments | 223 223 recommendations | email to a friend | print

MOUNTAIN VILLAGE – With revenues and occupancy up significantly according to a press release, the bank that owns and operates Hotel Madeline in Mountain Village is now being listed.   

Ektornet U.S., Inc. announced this week that it has retained Jones Lang LaSalle Hotels’ Los Angeles-based West coast team as listing agent for the sale of the property in 2014.

“We thank the local community and our strategic partners, such as the [Telluride Ski and Golf Co.] and the Town of Mountain Village and Mayor Dan Jansen for their support,” said Kai Ringenson, president and chief executive officer of Ektornet (part of the Swedbank Group, a leading bank in Sweden). “Now that we have decided to hand over to a new investor, we have engaged Jones Lang LaSalle Hotels, specialized investment advisors, to handle the marketing and sale of the property in 2014.”

The luxury property, which employs more than 120 members from the community, saw the overall revenue jump by 47 percent over year-end 2012, according to the press release. The hotel has also benefitted from glowing reviews from media outlets such as the Today Show; Condé Nast Traveler’s Readers Choice Awards; 4-Star and 4- Diamond ratings from Forbes Travel Guide and the American Automobile Association, respectively; membership in Leading Hotels of the World; and a partnership resulting in its status as the official resort hotel of Telluride Ski & Golf.

“We are very pleased with the development of the hotel business in 2013,” Ringenson said. “Our continued investments in the property and the good work of the management team and excellent hotel staff led by Noel Daniel as general manager are paying off. We have come a long way since the beginning of Swedbank’s involvement, and we are owners of a great hotel in a world-class destination.”

The hotel joined Crescent Hotels & Resorts in January 2013. The hotel recently named  Aaron Coburn of the Lodge and Spa at Cordillera in Edwards, Colorado, as Director of Operations and longtime Telluride resident Jodi Repola as Human Resources Director.

Region 10 Releases Draft of Six County Economic Development Strategy

MONTROSE –- The Region 10 League for Economic Assistance & Planning has completed a draft of the five-year Comprehensive Economic Development Strategy (CEDS) for the region that encompasses Montrose, Delta, Ouray, San Miguel, Gunnison and Hinsdale counties. 

“This is an analysis of the region where we stand on population, re-employment rates, education rates as well as some goals to help strengthen the region economically,” said Region 10 Executive Director Michelle Haynes. 

The document, which concisely analyzes strategic resources and future goals, is now available for 30-day review at www.region10.net.  

Elizabeth Howe Named Senior Director, Vail Mountain Operations

VAIL, Colo. – Vail Mountain, one of the largest ski resorts in the world, announced today the appointment of Elizabeth Howe to the position of senior director, mountain operations.

Howe spent 20 years in operations at Telluride, beginning as a lift operator and eventually rising to vice president of resort operations, a role in which she managed Telluride's ski patrol, snowmaking, grooming, lift operations, lift maintenance, parks, events and fleet maintenance, the same functions she will lead for Vail Mountain.

“I'm excited to welcome Elizabeth to our Vail Mountain team,” said Chris Jarnot, senior vice president and chief operating officer of Vail Mountain. “I'm confident that her experience and leadership abilities will be assets for us in continuing to differentiate Vail as the greatest mountain resort experience in the world.”

In her role at Telluride, Howe also served as director of the Telluride World Cup Organizing Committee in 2009, 2010, 2011 and 2012, a position which will lend itself to events like the Burton U.S. Open Snowboarding Championships and the upcoming 2015 FIS Alpine World Ski Championships in Vail and Beaver Creek. She has also worked with organizations including the National Ski Areas Association, the Colorado Passenger Tramway Safety Board and the U.S. Forest Service.

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