Creating value for multiple stakeholders

Tourism is one of the strongest economic drivers for the state of Colorado and thrives as a multibillion-dollar industry that supports some 150,000 jobs and contributes close to a billion dollars in local and state tax revenues.

CREJ

April 18, 2016
Mtn. West hotel supply & demand

Marcus & Millichap launches hospitality investment outlook

Marcus & Millichap has launched an annual hospitality investment forecast for 16 regions nationwide, including the Mountain West. Highlights of the inaugural report are: Moderate but steady wage growth is converging with lower gas prices to support leisure trips that require a hotel stay in 2016. Growth in key hospitality performance indicators will likely moderate…

CREJ

April 4, 2016
Boulder

Stonebridge to break ground on Residence Inn by Marriott

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…

Jill Jamieson-Nichols

March 17, 2016
Aspen

NY firm arranges Aspen loan

Financier Jordan Ray knows Aspen, even though he is based in New York City.

John Rebchook

March 15, 2016
140 S. Union

Hotel company buys Union Square property for redevelopment

An industrial property in a changing part of Lakewood will undergo its own transformation following its $3.1 million sale. An affiliate of Provo, Utah-based Lodging Dynamics bought the 46,075-square-foot building on 2.76 acres at 140 S. Union Blvd. in Lakewood. It likely will raze the building to construct a hotel but will offer the building…

Jill Jamieson-Nichols

March 14, 2016

Investment sales volume hits $10.3 billion

Plentiful capital, attractive market fundamentals and low interest rates contributed to more than $10.3 billion in Denver commercial real estate transactions during 2015, and 2016 should be another solid year for investments, according to CBRE Inc.

CREJ

March 7, 2016

RidgeGate adds hotel options with Marriott TownePlace Suites

The second of three hotels planned for RidgeGate’s West Village in Lone Tree is slated to break ground this month and open in second-quarter 2017. Park Meadows TPP LLC, affiliated with San Antonio-based Propel Cos., purchased a 3.31-acre development site from Ridgegate Investments Inc. for $2.49 million, according to public records. It will develop a…

Jill Jamieson-Nichols

February 14, 2016

Designing for the Evolving Guest Experience

The emergence from the economic downturn has fueled a robust development cycle in Denver and in the state of Colorado. This is an exciting time for the hospitality industry as consumer trends are having an incredible influence on leading edge thinking. In general, people are becoming more discerning with their choices and the impacts of those choices. As a result, consumers are now expecting the hospitality companies they do business with to do the same. A collective shift in consumer values and behavior began several years ago and likely will continue to evolve. The hospitality industry has already started to

Building Dialogue

February 10, 2016

Inverness Hotel a premier addition

Silverwest Hotels LLC’s growing list of hotels now includes a premier property in its own backyard. Silverwest’s multimillion-dollar acquisition of the Inverness Hotel and Conference Center, on behalf of Silverwest Hotel Fund(s) I/IA, represents the Denver-based company’s first asset in the Denver metro area. “To have an anchor asset like the Inverness to add to…

Jill Jamieson-Nichols

December 14, 2015

Embassy Suites sets record price per key

CWI 2 acquired the Embassy Suites Denver - Downtown/Convention Center hotel, an institutional-quality, full-service property with 403 suites situated in one of the top five U.S. lodging markets by RevPAR growth. (PRNewsFoto/Carey Watermark Investors 2) The Embassy Suites by Hilton hotel across from the Colorado Convention Center eclipsed Denver’s previous record price per key with…

Jill Jamieson-Nichols

November 30, 2015