Three years after it reopened under a new name and owner, the Hotel Madeline in Telluride, Colo., is going back on the market, according to the Telluride Daily Planet. The hotel’s owner, Ektornet US, Inc., announced last week that it plans to put the property up for sale in 2014.
Ektornet took ownership of the hotel after the property was foreclosed in 2011 and has reportedly been clear from the outset that selling the facility was its goal.
“We thank the local community and our strategic partners, such as [Telluride Ski & Golf Company], the Town of Mountain Village and Mayor Dan Jansen for their support,” said Kai Ringenson, president and CEO of Ektornet US, in a news release. “Now that we have decided to hand over [the hotel] to a new investor, we have hired an internationally recognized hotel brokerage firm to manage the marketing and sale of the property in 2014.”
Though no price specifics have been released, when the hotel was put to bid in 2011 after its developer foreclosed on the property, bids started at $126.8 million.
The hotel opened in February of 2009 as the Capella Telluride.
The hotel has 96 guestrooms, 11 suites and 17 condos. Crescent Hotels & Resorts has managed the hotel since January 2013.