BROADMOOR

Anschutz, a Denver-based investor, is ranked by Forbes magazine asColorado’s second-richest citizen, with an estimated net worth of $10.3 billion. Dish Network’s Charlie Ergen is first, at $12.5 billion.

Anschutz acquired The Broadmoor from Oklahoma Publishing Co. as part of a package that included the Manitou& Pike’s Peak Railway Co.; The Oklahoman newspaper and related NewsOk.com; the 500-room Lost Pines Resort & Spa in Austin, Texas; manufacturing companies Pavestone LLC and De Wafelbakkers LLC; 1.5million acre-feet of water rights under Greenland Ranch in DouglasCounty; and 100 pieces of Western art. The purchase price was not disclosed.

The Anschutz-owned Clarity Media Group in 2012 purchased The Gazette newspaper in Colorado Springs fromFreedomCommunications.

Representatives of the Anschutz Corp. declined to be interviewed for this article.

In 1937, Penrose and his wife, Julie, created the El Pomar Foundation, which operated The Broadmoor until 1988, when it was sold to Edward Gaylord and his Oklahoma PublishingCo. The Gaylord family owned the property and invested a total of $450million until the 2011 sale to Anschutz.

“It’s a resort that has always had good ownership,” said JohnMontgomery, managing director of hotel consulting firmHorwath HTL. “A lot of these older resorts have trouble getting from one decade to the next. They sometimes slip a bit. But with The Broadmoor, there has been continuity in quality and management.”

Anschutz-funded projects at The Broadmoor and on nearby acreage include:

• Expansion and renovation of the BroadmoorWest complex, including an additional three floors, 31 newroomsand conversion of the Charles Court restaurant to the Italian-themed Ristorante del Lago.

• Cloud Camp, a development atop CheyenneMountain that will include a lodge and 11 cabins.