
The Denver Energy Center’s owner paid $176 million for it in 2013, but has not found a buyer willing to pay at least its outstanding mortgage of $102 million.
The Denver Energy Center’s owner paid $176 million for it in 2013, but has not found a buyer willing to pay at least its outstanding mortgage of $102 million.
According to Larimer County property records, Rockies Lodging Capital purchased the 112-room hotel for $12.9 million in 2017. The original lender was Colorado Business Bank.
The Promenade Shops in Johnstown encompasses 493,172 square feet of retail and entertainment space at the northeast corner of Interstate 25 and U.S. Highway 34.
This marks the second time the shopping district has faced foreclosure. It was placed up for auction in 2009 and was acquired by a subsidiary of former lender KeyBank for $85 million.
On Dec. 3., the court has placed the Mall in receivership with Greenwood Village-based Cordes & Co.
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