Breaking will be offline for scheduled maintenance Saturday May 8 3 AM US EST to 12 PM EST. We apologize for the inconvenience.


Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-The local office of Guarantee Finance has refinanced the boutique Hotel Teatro in Downtown with a $13-million bridge loan. The borrowers have the option to convert it to long-term financing.

The non-recourse loan enables the borrower, Historic Tramway Tower LLC, time for its tax credits to be fully vested. The financing also allows the property to be fully stabilized before rolling into a 10-year, fixed-rate loan.

The 116-room, 10-story Hotel Teatro includes two restaurants, Kevin Taylor’s and Jou-Jou. The hotel is at 1100 14th St. Local developers Jeff Selby and Michael Brenneman opened the hotel in late 1998.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.