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.
Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
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.
