Who owns broadmoor

In Pourtales combined all his local holdings, including the Broadmoor Dairy Farm, into a new venture called the Broadmoor Land and Investment Company. In the wake of the panic, he had to turn over all his Broadmoor property to the company that had given him a loan several years earlier. Part of it was used for the Myron Stratton Home for orphans and the elderly poor.

In April , mining mogul Spencer Penrose and others bought the site and began planning a million-dollar hotel beside Cheyenne Lake. Construction on the hotel began in Meanwhile, Penrose acquired more acres of land near the hotel, including the Horns on Cheyenne Mountain. It succeeded in part because Penrose was committed to enhancing the resort and developing new attractions nearby.

He also acquired the Manitou and Pikes Peak Cog Railway, which took visitors to the summit of Pikes Peak and complemented the auto road he had already built to the summit. In Penrose acquired sole ownership of the Broadmoor. The hotel continued to run through the El Pomar Foundation until In addition to increasing its accommodations, the resort also developed a figure skating program and added two golf courses in the s and s.

In the El Pomar Foundation sold the Broadmoor, and over the next two decades the new owners invested in expansions and renovations at the hotel. In the Broadmoor West Tower opened. In Denver billionaire Philip Anschutz bought the Broadmoor. The resort has since acquired Seven Falls and developed properties on Cheyenne Mountain and in Pike National Forest , allowing it to offer the Wilderness Experience, which features luxury accommodations and adventures in rustic settings.

The main Broadmoor complex now has nearly rooms, a handful of restaurants, three golf courses, and a variety of tennis courts and swimming pools. The Broadmoor opened in just southwest of Colorado Springs. It was built at the foot of Cheyenne Mountain. Over time it has grown into a sprawling resort of roughly 3, acres. The Broadmoor has nearly rooms, as well as restaurants and other resort activities. It is now owned by billionaire Philip Anschutz.

The Broadmoor receives high ratings from various travel publications every year. He used his corn to make brooms that he sold in Colorado City. He bought the Myers land to establish a dairy farm.

He called his venture the Broadmoor Dairy Farm. By Wilcox was in search of a buyer. He sold it to Count James Pourtales. Land values in Colorado Springs started rising after because of the completion of the Colorado Midland Railway. He mapped out the 2,acre development. When the Colorado economy crashed during the Panic of , Pourtales had to turn over all his Broadmoor property to the company that had given him a loan. It operated as a hotel in In April , Spencer Penrose and others bought the site.

Penrose had made a fortune in Cripple Creek gold and Utah copper, and he began planning a million-dollar hotel beside Cheyenne Lake. Construction on the hotel began in , and The Broadmoor opened to the public in June It succeeded in part because Penrose was committed to improving the resort and creating new attractions nearby. In Penrose became the only owner of the Broadmoor.

The Broadmoor prospered and expanded. Broadmoor West opened across Cheyenne Lake from the main building in At the time he built The Broadmoor, "it was at kind of the beginning of the auto tourism era. It's important to note, Mayberry says, that Penrose and his wife, Julie, were a team. The couple started the foundation in December "to encourage and promote the general well-being of the inhabitants of the State of Colorado" - and to support and guide the hotel after their deaths.

Spencer Penrose died two years later, on Dec. Gaylord's Oklahoma Publishing became sole owner in Luxury resorts faced the sudden rise of new competition in the s, Bartolin says, as major brands such as Hilton and Westin entered the resort sector. For older resorts to keep up, "you really had to invest the capital necessary. As a nonprofit, El Pomar really couldn't justify that.

Bartolin, who was hired as president and CEO of The Broadmoor in , was greeted with letters from those two groups in his first months on the job warning him of that possibility. He was able to ward off that threat, he says, by showing them the capital plans for the resort - and those plans were significant. First up was construction of the Spa, Golf and Tennis Club complex in The West Tower opened in , adding rooms.

A pedestrian bridge was built across the lake in Other improvements included opening of the infinity pool and the Lakeside Suites in and a major renovation of Broadmoor Main, Northmoor and Southmoor. And that progress, he says, has continued under Anschutz - who, like Edward Gaylord, had grown up visiting The Broadmoor.

The Denver-based Anschutz Corp. The Gazette is owned by the Anschutz Corp. Edit Close. Toggle navigation. Home News. The purchase price was not disclosed. They sometimes slip a bit. But with The Broadmoor, there has been continuity in quality and management. Guests can choose how they wish to arrive: a two-hour hike, a mule ride or transport by four-wheel drive. Therein lies a delightful local urban legend.

Penrose's Broadmoor has a small raised "a" in its name. As the story goes, flamboyant Penrose wanted to buy the competition, and when his offer was rejected, urban legend has it, he saddled up and rode his horse into the lobby of the Antlers, ordering drinks for himself and his steed. He retaliated by giving his Broadmoor a tiny "a. Well, not quite.

It was just a copyright issue. The Broadmoor brand had been used elsewhere during the s, including the Broadmoor Dairy. A copyright violation was avoided by raising the little "a," making it unique.

Penrose's pink luxury project, created to be magnificent, was begun in A legendary landscaping family from New England designed gardens and walkways. The hole golf course, the resort's first, was considered the best in the country, designed by Scottish-born golf architect Donald Ross. Opening night, June 29, , lived up to its billing as "a big blowout," bringing a who's who list of luminaries for a formal dinner and dancing to an orchestra brought in by Julie Penrose from New York.

It was the first of decades of celebrities and luminaries to be drawn to the hotel. Many of them came to entertain as well. For the guests and his friends, showman Spencer Penrose reached out to his long variety of interests.

One major hobby was automobiles, and in , automobile lover "Spec" had created the Pikes Peak Automobile Company with 20 Pierce-Arrows taking visitors on tours of the area, eventually including up Pikes Peak.

In he bought Gray Line Touring Company and by the s, continuing today, had an exclusive arrangement for visitors and relatives to travel by Cadillac. In he purchased the Manitou Incline Railway.

Add to that, his resort had a stadium and rodeo, more polo, an ice stadium where Olympic and World champions trained and hockey teams played, Ski Broadmoor, Seven Falls, golf championships, tennis camps by the pros, Cheyenne Mountain Zoo and pages more.

Spencer Penrose died in , Julie in Both supported major philanthropies. They are interred above the zoo in the Will Rogers Shrine of the Sun.

After their deaths, The Broadmoor was managed by the El Pomar Foundation, a charitable organization entrusted with much of the family fortune.