A $40 million Element by Westin hotel is underway in Denver’s Golden Triangle.
Excavation has begun for the 157-room hotel, which will be located at 1314 Elati St. It is being developed by two Colorado-based developers, H&H Hotels and Alliance Investments, along with equity partner Promanas, based in Michigan.
The Element Downtown Denver East Hotel will be LEED certified. One of the newest Marriott brands, Element hotels are sustainably designed and incorporate a natural color palette.
“With the new Element by Westin, which focuses on being green, we are implementing sustainable designs to eco-friendly practices. We are bringing a smarter, better and more sustainable place to stay to the Golden Triangle,” said Hamant Patel of H&H Hotels.
The Element Downtown Denver East will be the second hotel to be built in the Golden Triangle, joining the Art hotel at 1201 Broadway. It will include a lobby bar and rooftop amenity deck and is scheduled to open in spring 2019.
The site is located within walking distance of the Denver Art Museum, Colorado Convention Center, Wellington E. Webb Municipal Office Building, Denver Justice Center, Denver Public Library, History Colorado Center and Colorado Capitol.
“The new Element by Westin hotel will provide an exquisite extended-stay option for business travelers working at the convention center and courthouses, as well as families exploring the many sites of downtown Denver,” said Matt Maley, Alliance Investments principal.
The Beck Group designed and is building the hotel. Security Service Federal Credit Union is providing debt financing.
“We are honored to be the architect and contractor of this exceptional project,” said Doug Spuler, a managing principal at The Beck Group. “We designed the building to fit contextually within the urban fabric of the Golden Triangle. We used quality materials in a modern design aesthetic to match the brand and overall vibrancy of the area,” he said.
H&H Hotels is owned by Hamant and Hitesh Patel, who own and operate other hotels in the Denver area, including the new Fairfield Inn and Suites in the Highland neighborhood.
Alliance Investments is a development firm owned by Maley, Sean Davis, Jeff Welber and Beau James, who recently completed an urban infill, transit-oriented development project in downtown Oklahoma City.
Promanas is a privately held commercial real estate investment firm that, through various private equity funds, owns more than 2 million square feet of property totaling over $250 million in value.