The Omni Interlocken Hotel and Resort in Broomfield. (Facebook)
A hotel in Broomfield says it is worth $23 million. Claim otherwise and it’ll see you in court.
The Omni Interlocken, which calls itself a luxury resort, has 390 rooms abutting a 27-hole golf course and spa. It is suing Broomfield’s assessor for saying the hotel is worth $43 million.
The Omni was bought for $80 million at the turn of the century and valued at $45 million last year. The new valuation of $43 million means it owes $1.6 million in property taxes.
This summer, the Dallas-based Omni company appealed that valuation to the county assessor and then to a county board. The hotel’s income doesn’t support the valuation, it said.
The Omni was 43 percent occupied between mid-2021 and mid-2022, according to its appeal paperwork, or well below a market average of 58 percent. The Omni also compared itself to recently sold upscale hotels in the Denver area and found it is worth $23.2 million.
The Omni was bought for $80 million in 2000 and valued at $45 million last year. (Facebook)
The county assessor, meanwhile, pointed to recent hotel sales in Broomfield. It found that two much smaller hotels sold for $19.3 million and $18.3 million, or about $110,000 per room, in 2018. A comparable sale of the Omni would be worth $43 million, the assessor said.
The Broomfield County Board of Equalization sided with the assessor and dismissed the Omni’s appeal. So, the hotel took its case to Broomfield District Court Judge Sean Finn. It wants him to hold a trial and “determine the actual value of the hotel for tax year 2023.”
Julie Story, a spokeswoman for Broomfield, said the city and county is aware of the case.
“Broomfield’s assessor carefully classified and valued all property within Broomfield in accordance with state law, which stresses fairness,” Story emailed last week. “Broomfield intends to defend the assessor’s determination of value of the Omni property.”
In July, the Gaylord Rockies Resort in Adams County ended a four-year legal fight over its 2019 valuation. The county said it was worth $676 million; the resort said $270 million. After losing several appeals, including at the Colorado Supreme Court, the Gaylord paid the bill.
The Omni Interlocken Hotel and Resort in Broomfield. (Facebook)
A hotel in Broomfield says it is worth $23 million. Claim otherwise and it’ll see you in court.
The Omni Interlocken, which calls itself a luxury resort, has 390 rooms abutting a 27-hole golf course and spa. It is suing Broomfield’s assessor for saying the hotel is worth $43 million.
The Omni was bought for $80 million at the turn of the century and valued at $45 million last year. The new valuation of $43 million means it owes $1.6 million in property taxes.
This summer, the Dallas-based Omni company appealed that valuation to the county assessor and then to a county board. The hotel’s income doesn’t support the valuation, it said.
The Omni was 43 percent occupied between mid-2021 and mid-2022, according to its appeal paperwork, or well below a market average of 58 percent. The Omni also compared itself to recently sold upscale hotels in the Denver area and found it is worth $23.2 million.
The Omni was bought for $80 million in 2000 and valued at $45 million last year. (Facebook)
The county assessor, meanwhile, pointed to recent hotel sales in Broomfield. It found that two much smaller hotels sold for $19.3 million and $18.3 million, or about $110,000 per room, in 2018. A comparable sale of the Omni would be worth $43 million, the assessor said.
The Broomfield County Board of Equalization sided with the assessor and dismissed the Omni’s appeal. So, the hotel took its case to Broomfield District Court Judge Sean Finn. It wants him to hold a trial and “determine the actual value of the hotel for tax year 2023.”
Julie Story, a spokeswoman for Broomfield, said the city and county is aware of the case.
“Broomfield’s assessor carefully classified and valued all property within Broomfield in accordance with state law, which stresses fairness,” Story emailed last week. “Broomfield intends to defend the assessor’s determination of value of the Omni property.”
In July, the Gaylord Rockies Resort in Adams County ended a four-year legal fight over its 2019 valuation. The county said it was worth $676 million; the resort said $270 million. After losing several appeals, including at the Colorado Supreme Court, the Gaylord paid the bill.
