HVS Capital Corp Selected To Market Prime Real Estate In Downtown Aspen, Colorado

    DENVER, Colo., Oct. 24 /PRNewswire/ -- HVS Capital Corp, the
 investment- banking arm of HVS Global Hospitality Services, has been
 selected as the exclusive representative to market for sale a fully
 entitled condominium hotel project to be constructed on a 27,000 sq.ft.
 parcel located on 500 West Hopkins Avenue, between 4th and 5th Street in
 downtown Aspen, Colorado. The site is formerly known as the Boomerang
 Lodge.
     In October 2006, the City of Aspen issued an approval for the site to
 be redeveloped with 54 condominium lodging and residential units. This
 approval is transferable to the new owner of the site. Although much of the
 original Lodge has been razed to make way for new development, the owner
 has preserved the historic "East Wing" so it may be incorporated into the
 project. A partial building permit and plans are in place so the next phase
 of construction can commence immediately.
     According to Steven Stunda, the local managing partner of the current
 owner, "With virtually all entitlements, permits and other pre-construction
 work completed, a new owner may consider this a 'turn key' condominium
 hotel project."
     HVS Capital Corp expects to issue introductory information about the
 project immediately, with the complete offering package made available to
 qualified bidders in the beginning of November.
     HVS Capital Corp specializes in asset acquisition & disposition, the
 placement of debt and equity financing, and capital advisory services.
 
 

SOURCE HVS Capital Corp