A Denver businessman with an open checkbook has The Broadmoor enjoying an enviable status among its peers in the luxury hotel industry.
Since acquiring the Colorado Springs resort in 2011, Philip Anschutz has invested $112 million in the property. New rooms, new restaurants and new facilities are bringing new vitality to the historic hotel and golf complex.
Not that The Broadmoor has ever lacked for investors with deep pockets. Since millionaire philanthropist Spencer Penrose opened the hotel in 1918, the resort has been controlled by only three ownership groups, each of which has spent freely to maintain the property's high-end image, except for some lean times in the 1980s.
The Broadmoor is a perennial recipient of Forbes Travel Guide's five-star rating and AAA's five-diamond designation.
The latest recognition comes from Golf Magazine, which named the hotel the No. 1 golf resort in North America. In the process, The Broadmoor bested lofty competition such as Pinehurst, Pebble Beach and Sea Island.
"I just marvel at the good fortune of The Broadmoor," said Steve Bartolin, president and CEO of the 3,000-acre resort. He noted that most hotels experience an ongoing succession of owners and management companies, many of them unwilling or unable to make significant capital expenditures.
Golf Magazine's Top 10 U.S. golf resorts
1. The Broadmoor, Colorado Springs
2. Bandon Dunes, Bandon, Ore.
3. The American Club, Kohler, Wis.
4. The Greenbrier, White Sulphur Springs, W.Va.
5. Kiawah Island, Kiawah Island, S.C.
6. Pebble Beach, Pebble Beach, Calif.
7. Ritz-Carlton Lodge, Reynolds Plantation, Greensboro, Ga.
8. Four Season Resort Hualalai at Historic Ka'upulehu, Kailua-Kona, Hawaii
9. Pinehurst Resort, Pinehurst, N.C.
10. Seas Island Resort, Sea Island, Ga.