A rendering of the Gaylord Rockies Resort & Convention Center in Aurora, CO.
AURORA, CO—Ares Management, LP reports it has sold its stake in the Gaylord Rockies Resort & Convention Center under construction here for approximately $270 million.
As part of the transaction, joint venture project partners Ryman Hospitality Properties, Inc. of Nashville and Houston-based RIDA Development Corp. will buy out the Ares' investment. The transaction is expected to close by the end of 2018.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
