US EditionLender forecloses on Silverthorne hostel after sale effort dropped
2 Articles
2 Articles
Lender forecloses on Silverthorne hostel after sale effort dropped
Three years after opening, a hotel/hostel in Summit County has been foreclosed on. “The most difficult part of this journey is knowing that things could have turned out so differently,” said Lynne and Rob Baer, former owners of The Pad in Silverthorne. Built in part from shipping containers, the building at 491 Rainbow Drive has won awards and praise from travel outlets. But it has struggled to emerge from under the large and untraditional loans…
Lender forecloses on Silverthorne hostel after sale effort dropped - BusinessDen
The Pad, a hotel and hostel in the mountain town of Silverthorne. (Courtesy The Pad) Three years after opening, a hotel/hostel in Summit County has been foreclosed on. “The most difficult part of this journey is knowing that things could have turned out so differently,” said Lynne and Rob Baer, former owners of The Pad in Silverthorne. Built in part from shipping containers, the building at 491 Rainbow Drive has won awards and praise from travel…
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