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Holiday Inn of Craig Sold to New York Company (Craig Daily Press)

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Craig — The Holiday Inn of Craig was sold to new owners — a transaction that was finalized Tuesday.

New York-based Jacobs Real Estate Advisors bought the 152-room hotel for roughly $3.1 million under a newly formed company called Jacobs 300 Colorado LLC.

The hotel has been bank owned since 2011, according to Moffat County documents.

“For the last year, we’ve been buying stressed hotels across the country,” said Sholom Jacobs, owner of the company. “We’re very hands-on owners. We’re very family oriented.”

Full Craig Daily Press Article

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