HOUSTON—Boxer Property announced it has acquired Elevation Hotel and Spa in Mt. Crested Butte, Colo. This investment highlights Boxer’s dedication to increasing its hospitality portfolio by acquiring resort-style lodging.
Located at the base of Colorado’s Mt. Crested Butte Ski Resort, Elevation Hotel and Spa has more than 260 rooms and offers an indoor heated pool and hot tub; ski-in/ski-out convenience; and a large spa & fitness center.
Boxer Property is generally known for being a multi-tenant office buyer throughout the U.S. In December 2012 Boxer acquired its first hotel, Pointe Hilton Tapatio Cliffs Resort in Phoenix. Boxer continues to actively pursue additional hotel acquisitions.
“This is the second addition to the hospitality portfolio we are assembling,” said David Kayle, acquisitions manager for Boxer Property. Boxer is interested in premier hotels and resorts where well-capitalized ownership can bring them back to a five star status.