SHERIDAN, WYOMING – April 8, 2025 - Leading Midwest Hospitality Developer Invests in Thriving Colorado Travel Market
Nightcap Management, a full-service hotel development and management company based in Lincoln, Nebraska, has acquired the 70-room Hampton Inn Glenwood Springs and the 64-room Holiday Inn Express Glenwood Springs. The adjacent properties are located in the heart of Glenwood Springs, Colorado—a region experiencing sustained growth as a prime drive-to leisure destination.
Strategic Acquisition in a High-Demand Travel Hub
The transaction was orchestrated by HREC Investment Advisors, a hospitality real estate advisory firm, which exclusively represented the seller, Aspen-based Terrapin Investments. The sale was led by Herb Warmbrodt (Principal – Kansas City), Mike Dubé (SVP – Denver), Jeffrey Duni (SVP/Broker on Record for Colorado), and Adam Lallani (VP – Houston).
"The Glenwood Springs lodging market continues to thrive as a leisure drive-to destination market outside of the major ski resort areas with continued record tourism expenditures and hotel performance," said Dubé.
With its strategic location at the base of the Glenwood Caverns Adventure Park gondola and just steps from the iconic Glenwood Hot Springs, the newly acquired hotels are uniquely positioned to attract high volumes of leisure travelers. Their premium branding and unbeatable location make them standout options in a competitive lodging landscape.
Nightcap Management’s Momentum in Hospitality Development
Nightcap Management has rapidly grown its footprint in the Midwest hospitality market. Over the past five years, the firm’s principals have developed and acquired over 15 hotel properties, amassing a combined value of more than $200 million.
This recent acquisition marks a significant step for the company as it expands beyond the Midwest into key tourism-centric markets like Glenwood Springs. Known for its full-service development capabilities, Nightcap Management brings deep industry experience and a forward-thinking approach to its growing portfolio.
An Ideal Tourist Destination with Expanding Appeal
Nestled at the meeting point of the Roaring Fork River and the Colorado River, Glenwood Springs draws an impressive 1.3 million visitors annually. The area is popular for its world-class skiing, mountain biking, fly fishing, and kayaking.
Its proximity to Aspen has also helped the city grow as a lodging alternative for budget-conscious ski tourists. "These two hotels offer a superior location at the base of the gondola for the Glenwood Caverns Adventure Park and are within walking distance of the world-famous Glenwood Hot Springs," Dubé noted. "These attributes, along with the premium brands, make the hotels the lodging of choice in this tourist market."
Glenwood’s unique blend of natural attractions, outdoor adventure, and family-friendly experiences make it a sought-after vacation destination year-round, further increasing the value of these hospitality assets.
Terrapin Investments Concludes Strategic Sale
Seller Terrapin Investments, based in Aspen, focuses on real estate ventures across hotels, resorts, and commercial properties. The company’s decision to divest the Glenwood Springs hotels underscores a broader trend of reshuffling portfolios to align with changing market dynamics.
Looking Ahead
With its latest move into Colorado, Nightcap Management is well-positioned to tap into one of the region’s most vibrant travel markets. The company’s consistent growth and strategic acquisitions reflect its commitment to enhancing guest experiences and delivering long-term value through hospitality excellence.
For travelers seeking convenience, comfort, and prime access to Glenwood Springs’ top attractions, the Hampton Inn and Holiday Inn Express are now under the direction of one of the Midwest’s most dynamic hotel operators.
Thinking of your next Colorado getaway?
Book your stay at Hampton Inn Glenwood Springs or Holiday Inn Express Glenwood Springs—where comfort meets adventure at the gateway to the Rockies.