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Local Hospitality Group Goes National

DENVER-The hospitality group formed one year ago by Coldwell Banker Commercial American Spectrum is the founding member of the franchise's new national hospitality network that will buy and sell hotel properties.

By John Rebchook | Updated on May 14, 2001

DENVER-Less than a year after locally-based Coldwell Banker Commercial American Spectrum formed its hospitality group, the division is serving as a founding member of Coldwell Banker Commercial’s new national hospitality network. The network of hospitality brokers will buy and sell hotel properties, with a special emphasis geared toward Cendant-affiliated franchisees.

Cendant, parent of Coldwell Banker, is the largest lodging industry franchiser and has alliances with more than 5,000 franchisees of the Ramada, Howard Johnson, Super 8, Travelodge, Days Inn, Wingate Hotels and Villager Lodge systems.

”This means a great deal to the niche we have carved in the hospitality markets,” says Jim Nelms of Denver, who started the hospitality group for Coldwell Banker Commercial American Spectrum. ”Locally, it further connect us to an unmatched network of hotel owners, which will provide even more opportunities to those want to buy and sell property.”

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