Lodging Boom in Broomfield
by Osman Parvez
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Over the last few years, the pace of development has been on the rise in Broomfield. Some of it is easily visible from 36.
Remember when the Omni was so large and alone that it literally loomed on the horizon? That’s changed over the years. Well it’s about to get even more competition. Much more. Broomfield is set to get as many as 7 new hotels.
From the Daily Camera:
Vacancy rates in the Interlocken district, where some of the hotels are proposed, are at 7 percent. It hasn’t been that low since 1998, before the dot-com bust, said Terri Groves, Broomfield Economic Development Corp’s director of investor relations and real estate.
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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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