Customers at a proposed hotel in Basalt will pump about $37 million in direct spending on lodging and another $35 million in direct spending at shops, restaurants and other businesses in the first decade after it is established, according to the development team.
Rob Hunden, of Hunden Strategic Partners, told the Basalt Town Council at a recent meeting that the hotel would generate net-new spending in the town because it will attract people who currently aren’t staying there.
Mariner Real Estate Management, the owner of Willits Town Center, has teamed with a hotel investment and management firm called Silverwest Hotel Partners, LLC to propose a 113-room hotel. International hotelier Starwood has signed a letter of intent with the joint venture to provide a licensing agreement for an Elements by Westin hotel.
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