Management buyout at Telluride’s Lumière Hotel

US: Lumière Hotel in Telluride has announced the sale of the hotel’s commercial units, hotel operation and restaurant operation to members of the executive management team

US: Lumière Hotel in Telluride has announced the sale of the hotel’s commercial units, hotel operation and restaurant operation to members of the executive management team.

The buyers of the property, which has 11 hotel rooms and 18 residences, are Susie Schaefer-Russell and Clare Evans-Afman. Schaefer was first hired in 2010 as asset manager and finance director, and subsequently brought Clare Afman on board in 2012 as general manager.

Under their management Lumière has been rated as a AAA Four Diamond hotel and Forbes Travel Guide 4-Star hotel. In 2015, the hotel was awarded #1 Hotel in the West and #20 Best Hotel in the USA Condé Nast Traveler and #30 in the top 100 Hotels in the USA by US News Travel.

“I am so pleased that the transition of the hotel operations ownership is to Susie and Clare. They have elevated the Lumière experience to a very high tangible level that all of the Owners deeply appreciate” said the property’s developer Kevin Kiernan.

“I am incredibly excited to own and operate a local business in Telluride. Lumière has been a very special place for me the last five years. We were given the opportunity to apply our management style and make decisions that have resulted in the success of the hotel. I truly appreciate the individuals that I have worked for here who have made this all possible. We will continue the success and maintain the family environment here at Lumière,” said Schaefer-Russell

“We couldn’t be happier to be given this incredible opportunity. It’s a dream come true! We owe enormous thanks to all the people that have made this possible, and are passionately committed to Lumière’s continued success. We have a brilliant team who have embraced our company culture and take pride in delivering exceptional customer service, resulting in the many accolades & awards we have received. We are very excited to see Lumière grow even further and continue to promote Telluride as a destination,” said Afman.

www.lumieretelluride.com

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