NHBA, which was founded by real estate veteran Michael Shinn, and has former Mayor Wellington Webb on its board, operates in 29 states with 105 franchised offices. Collectively, NHBA franchisees represent one of the largest single buyers of residential real estate in the United States.
The 5.7-acre, 9,000-sf Manor House property was purchased by an investment group represented by Shinn, the CEO of NHBA. The acquisition followed several years of negotiations with the former owners, the Peterson family who operated a well-known restaurant there since 1997.
The Manor House sits high upon a hilltop in Southwest Denver with commanding views to the north, south, and Downtown, boasting its own FAA approved helipad. It is one of Colorado's most historic properties and has entertained numerous US presidents and other dignitaries from around the world since it was built in 1914 by John C. Shaffer, owner of the Rocky Mountain News.
Today, nearly 7,000 acres of open space surround the Manor House and its Ken Caryl neighbors, "making it one of the most desirable headquarters locations in the world," Shinn says. Shinn says the Manor House, acquired for undisclosed price, was the most difficult and challenging transaction of his lengthy real estate career in Colorado, "but clearly represents one of the finest acquisitions his family and investors could ever achieve."
Shinn will be the lead developer for what he calls "some highly monitored" improvements to the Manor House property, with the goal of maintaining its historical significance for future generations while creating efficient workspace for his company, until it outgrows the property. The owners do plan to interview a limited number of restaurant and bar operators in the Denver area for a potential joint venture to continue future food and beverage operations.
"The Manor House has been one of Colorado's leading event centers for many years because of its spectacular one of a kind setting, hosting many weddings, corporate retreats, and other special events," Shinn says. The new owners hope to expand that business by significantly upgrading the property and its landscaping, with the goal of positioning it to compete as a world class event center. Upon completion, the owners hope to submit the property for a National Historic Landmark designation.
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