Centennial-based Stonebridge Cos. is set to break ground on Boulder’s newest hotel.
The Residence Inn by Marriott will occupy a 1.65-acre site at the southwest corner of 26th Street and Canyon Boulevard, within the Village Shopping Center.
The four-story hotel will feature 155 guest rooms, along with a swimming pool, lounge, fitness center and business center. It will be Stonebridge Cos.’ first property in the city of Boulder.
“They really have a strong belief in the Boulder market. They felt like this was an opportunity to provide something new to the market, which continues to grow,” said Stonebridge spokesman Andy Boian of Dovetail Solutions.
The Residence Inn will be built by general contractor RVC Construction. Newman Architecture is the architect.
Stonebridge acquired the site earlier this year from Gart Properties for $4.35 million.
The hotel will join two other hotels going up in the vicinity: a 204-room Embassy Suites and a Hilton Garden Inn, which will have 172 rooms, both at the northwest corner of 28th Street and Canyon. Boulder has added very little hotel inventory over the last decade. Many of its existing hotel rooms are in older limited- and select-service properties. An exception is the Hyatt Place in Boulder Junction, which sold well in advance of its opening in early 2015. An extended-stay product, Residence Inn offers studio, one- and two-bedroom suites with fully equipped kitchens and amenities including daily hot breakfast. There is an existing Residence Inn at 3030 Center Green Drive in Boulder that was built in the mid-1980s.