Waramaug acquires Colorado Hampton Inn

Waramaug LS Hotels, a privately held investment group, has acquired the 92-room Hampton Inn & Suites Rifle, Colo. Terms of the deal were not disclosed. The hotel will remain a Hampton and be managed by Interstate Hotels & Resorts.

“We identified the Hampton Inn & Suites as an ideal opportunity to expand our footprint in Colorado. With the option of various amenities and activities, it fits perfectly with our vision of growth and profitability,” said Paul Nussbaum, Waramaug’s founder and managingpartner. “As an award-winning property, the hotel established itself as a leader among its peers.”

Read more on

Suggested Articles

The two locally owned resorts join the Benchmark Resorts & Hotels brand as a result of the deal.

The combined company now will own and operate a portfolio of 40 hotels totaling more than 5,000 guestrooms.

The global crisis will provide significant merger and acquisition opportunities for hospitality companies willing to take the risk.