Upscale Hilton Garden Inn opens near Union Station

An urban, upscale Hilton Garden Inn has opened its doors at 1999 Chestnut Place in Denver. HGI Denver Union Station is a 12-story, pet-friendly hotel with 233 light-filled rooms and suites offering views of Coors Field, the city and mountains. It includes a breakfast café and also is attached to the historic Hose House No.…

Jill Jamieson-Nichols

April 18, 2019
Magnolia Denver

Magnolia Denver unveils major hotel renovation

The Magnolia Denver, a Tribute Portfolio Hotel, has completed a major four-year renovation that included enhancements to meeting spaces, the ballroom, rooms and suites, and public spaces, including the lobby, fitness rooms and Harry's Bar & Grill. The renovation pays homage to the building's roots as the First National Bank building while incorporating modern touches.…

Jill Jamieson-Nichols

April 16, 2019

Hotel company pays $44 million for two Littleton Marriotts

A South Dakota-based hotel company paid $22 million each for two adjacent Marriott hotels on C-470 and South Santa Fe Drive in Littleton. KWB Hotels bought the Courtyard Denver Southwest/Littleton and Residence Inn/Denver Southwest Littleton from Propel Development LLC in an off-market transaction. The hotels are near the Staybridge Suites Denver South-Highlands Ranch, which KWB…

Jill Jamieson-Nichols

April 14, 2019
Halcyon

Halcyon bests price per key by $62,155

The price per key that Rockbridge Capital paid for the Halcyon hotel in Cherry Creek is far and away the highest ever paid for a hotel in the Denver market. Chicago-based Rockbridge paid $558,442 per key, or a total of $86 million, for the 154-room boutique hotel. That’s $62,155 more per key than the $496,287…

Jill Jamieson-Nichols

March 29, 2019
proposed Marriott

Full-service Marriott proposed across from convention center

A 27-story full-service Marriott hotel is being proposed for a parking lot directly across from the Colorado Convention Center. Focus Property Group, a Denver-based investment and development company, is beginning the site planning process for the 500- to 550-room hotel, which it hopes to break ground on as soon as this year. Located at the…

Jill Jamieson-Nichols

March 15, 2019
The Residence Inn by Marriott Denver City Center

Investors keen on Denver hotels as demand increases with supply

The $92 million sale of a downtown Denver hotel capped off a year of heightened investor interest in the metro area’s hotel market that is expected to continue into this year. The 228-room Residence Inn by Marriott Denver City Center at 1725 Champa St. was among a half-dozen hotels to close in the final weeks…

Jill Jamieson-Nichols

January 24, 2019

East Colfax motel sells to local hotel operator for $1.35 million

Denver County Property Location: 8415 E. Colfax Ave., Denver Property Description: 20 room-motel with 8,150 sf, YOC 1946, brick/frame Land Size: 11,375 sf Sales Price: $1.35M, or $67,500 per room, or $165.64 psf Reception No.: 2018153105 Closing Date: 11/29 Grantor: In Woo Corp. (Su Yeon Lee, pres.) Grantee: SS Motel LLC, et al. (Daniel Eugene Kim, mgr.) Financing:…

John Winslow

January 4, 2019
Holiday Inn & Suites

Boulder Holiday Inn Express to be ‘nicest’ in country

During an initial hearing on plans for a Holiday Inn Express & Suites off the Diagonal Highway, Boulder’s Planning Board advised the developer to “make it look good.”The result could be one of the nicest hotels of its kind. The 138-room hotel recently received site and use review approval following more than 2 1/2 years…

Jill Jamieson-Nichols

December 22, 2018

Blackstone sells Hilton Garden South for $17.9M

Douglas County Property Location: 9290 Meridian Blvd., Englewood, “Hilton Garden Inn South Property Description: 157-room, six-story, 85,785-sf hotel, YOC 1999 Land Size: 3.47 acres Sales Price: $17.9M, or $114,013 per key, or $208.66 psf Reception No.: 2018070295 Closing Date: 12/3 Grantor: BRE SH Denver South Owner LLC, c/o Blackstone, Byron Blount, VP Grantee: MCR Hospitality REIT LLC, Dallas,…

John Winslow

December 21, 2018
Loge Entrada

Lodging for outdoor enthusiasts comes to Colorado

A boutique lodging company that’s captured the attention of the outdoor recreation industry is coming to Colorado. “Colorado is known nationwide to be a primary outdoor recreation destination,” said Johannes Arlen, CEO and co-founder of Seattle-based Loge Camps. “It’s really a matter of serving our customers, knowing that they want to go there.” Loge Camps,…

Jill Jamieson-Nichols

December 8, 2018