Latest news with #SageHospitality
Travel Weekly
21-05-2025
- Business
- Travel Weekly
Sage Hospitality adds the Stanley Hotel to its management portfolio
Colorado's Stanley Hotel, which served as the inspiration for the Overlook Hotel in Stephen King's novel "The Shining" and the subsequent film adaptation, will now be managed by Sage Hospitality Group. The move follows the Colorado Educational and Cultural Facilities Authority's recent acquisition of the 68-acre property through its subsidiary, the Stanley Partnership for Art Culture and Education (SPACE). The hotel's former owner, John W. Cullen IV, will remain involved with the property as SPACE's chairman and CEO. Located in Estes Park, the Stanley Hotel was built in 1909 and is currently home to 191 guestrooms, multiple food and beverage outlets, the Stanley Live entertainment venue, a wellness center and spa, and 25,000 square feet of meeting space. The property is listed on the National Register of Historic Places and is a member of the Historic Hotels of America. "The Stanley Hotel represents everything we look for in a landmark property: a rich history, innovative programming and deep community connections," said Daniel del Olmo, president and co-CEO of Sage Hospitality Group. The company said future plans call for a hotel expansion and a horror film museum in partnership with Blumhouse, a film and television production company. Other Sage Hospitality properties include Perry Lane in Savannah, Georgia; One Ocean Resort in Atlantic Beach, Florida; The Lodge at Sonoma in California; and Hotel Alpenrock in Breckenridge, Colorado.
CBS News
15-05-2025
- Business
- CBS News
Iconic Stanley Hotel in Colorado purchased by public entity
The historic and iconic Stanley Hotel in Northern Colorado has been sold. The public entity, The Stanley Partnership for Art Culture and Education, LLC or SPACE, purchased the hotel through a public-private partnership. The Stanley Hotel in Estes Park CBS That partnership is among the Colorado Educational and Cultural Facilities Authority, private bond investors, former owner John W. Cullen IV, and new manager Sage Hospitality Group. Cullen is at the helm of SPACE as chair and CEO. "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," said Cullen in a statement. According to CECFA, the nearly $400 million bond offering will also fund a major expansion of the two historic lodging buildings and a new 65,000 square foot event center. The event center will feature an 864-person auditorium and a horror film museum curated by Blumhouse Productions. The Stanley Hotel CBS The hotel was initially built to attract wealthy vacationers from the East Coast to Colorado. However, the building was rocketed into fame after Stephen King visited decades ago. He reportedly was a guest during a slow season for the hotel. While staying at the hotel, King had a vision of writing a horror book that took place in the hotel, which became "The Shining" and was turned into a movie.
