Coakley & Williams Finds an Oasis in Colorado
NOVEMBER 9, 2006. Team O2 Investments LLC, a Colorado based real estate development firm, announced today that they've entered into an agreement with Coakley & Williams Hotel Management Company to operate and consult on their planned flagship Outrageous Oasis Waterpark Resort in Monument, Colorado.
Coakley & Williams Hotel Management Company is a premier Maryland-based hotel operator, with extensive experience in all phases of the hotel business and currently manages more than 2600 hotel rooms in seven states and Washington DC. Since 1961, Coakley & Williams has carefully developed its reputation as a national, high performance management company.
Ed Hilligrass, President of Team O2 Investments, is delighted with the creation of this important strategic partnership.
'We were extremely pleased with Coakley & Williams and their ability to quickly grasp the unique aspects of the Outrageous Oasis Resort, while keeping a sharp eye on details and understanding how to help Team O2's resort investors succeed.'
From a Coakley & Williams perspective, the creative Team 02 approach to this type of resort property is exactly what they look for in new developments according to its President, Gary S. Williams.
'When we consider the management of hospitality operations, we look closely at the odds of success of the team that has been put together. In Team O2's case the team is very strong and certainly capable of delivering with the Outrageous Oasis product in Colorado'.
Last month Kevin Sawatsky, Coakley & Williams' Vice President of Development visited the 250-acre Monument, CO site and was impressed by what he found.
'Monument is clearly a community with a great vision. Each element of this site - the breathtaking mountain back drop, the direct visibility from and access to Interstate-25 and proximity to Colorado's major markets - combines to produce a unique location with a strong chance for success. It was exciting to stand on the land and envision the future!'
Team 02 Investments expects to begin the first phase of development in mid 2007.
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