Stanley Hotel officially sold; expansions, new features ahead
DENVER (KDVR) — The historic and iconic Stanley Hotel in Estes Park was officially sold to the Stanley Partnership for Art Culture and Education, LLC on Thursday.
SPACE purchased the hotel campus through a public-private partnership with the Colorado Educational and Cultural Facilities Authority, private bond investors, the former hotel owner John W. Cullen IV and the new management company Sage Hospitality Group.
What makes The Stanley Hotel one of the spookiest hotels in the nation?
CECFA said that the campus's ownership by a public entity, with Cullen as Chair and CEO of SPACE, will amplify tourism for Estes Park and the state.
'I have owned The Stanley for almost 30 years and can't imagine a better way to both preserve and grow it for generations to come,' Cullen said in a press release from CECFA.
With the new ownership, CECFA said that funds from the nearly $400 million bond will go toward expansions and renovations at the Stanley Hotel.
The two historic lodging buildings will be extended with an additional 65 rooms and connected with a new porte-cochere for arriving guests.
There will also be a new 65,000 square foot event center, which will include an 864-person auditorium and a Blumhouse horror film museum.
CECFA also said that the hotel will host the Sundance Institute's 2025 Directors Lab starting next week.
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