Denver sees more than $5 billion in 83 development projects

More than $5 billion in commercial real estate projects have been completed over the last five years or are under construction in downtown Denver, the Downtown Denver Partnership announced in releasing its annual Downtown Denver Development Map Tuesday morning. The investment consists of nearly 10,000 new residential units, more than 4 million square feet of…

Jill Jamieson-Nichols

June 19, 2018

Spirit Hospitality brings new life to river with hotel, steakhouse

Spirit at the River

A 4.37-acre site along the Cache la Poudre River in Fort Collins will come to life with a new hotel and restaurant. Spirit Hospitality recently received city approval to develop a 107-room Staybridge Suites and Johnny’s Italian Steakhouse at 301 E. Lincoln Ave., just east of downtown and next to Woodward Inc.’s World Headquarters. The…

Jill Jamieson-Nichols

June 9, 2018

Crescent buys Brown Palace for $125.35 million

brown palace

Crescent Real Estate LLC has acquired Denver’s legendary Brown Palace Hotel and Spa and the adjacent 231-room Holiday Inn Express, which is part of the Brown Palace complex. The price wasn’t released, but Denver County records show the hotels sold for $125.35 million. The 241-room Brown Palace and Holiday Inn Express are located at 321…

Jill Jamieson-Nichols

June 8, 2018

Changes in store for hotels under new ownerships

Denver’s Best Inn & Suites sold for $11 million in one of a handful of recent hotel sales in the metro area. Denver Hotels LLC purchased the 190-room hotel from Jeff Young Hospitality Inc., according to Denver records. Located at 4590 Quebec St., the five-story limited-service hotel has Interstate 70 visibility with amenities that include…

Jill Jamieson-Nichols

May 26, 2018

Localizing a Global Hotel Brand: Moxy Denver Cherry Creek

Major global hotel brands are successful for a reason. They’ve cracked the code for customer loyalty by providing a sense of predictability, safety and ease of use for guests through a high level of standardization.

Building Dialogue

May 18, 2018

Confluent Development Group to build six-story Westin in Greenwood Village

Arapahoe County Property Location: SEC Interstate 25 & East Caley Ave., Greenwood Village Property Description: Vacant land, 203-room Westin Hotel proposed Land Size: 1.77 acres* Sales Price: $1.6M, or $20.77 psf Reception No.: D8041902 Closing Date: 4/30 Grantor: Greenwood Village Hotel LLC Grantee: G-C GWV Land LLC, c/o Confluent Development, Randy Coakley, VP-real estate, 303-573-6500 Financing: Cash Comments: Total…

John Winslow

May 18, 2018

The Ramble Hotel opens at River North’s edge

Ramble Hotel

The Ramble Hotel is celebrating its grand opening this week, becoming the first hotel to be unveiled in the River North Art District. The 50-room boutique hotel at 25thand Larimer streets melds a classy, comfortable interior with a brick exterior reminiscent of the warehouses that defined the neighborhood. Gravitas Development, which developed and will operate…

Jill Jamieson-Nichols

May 1, 2018

Virginia buyer pays $11.5 million for Longmont Best Western hotel

Best Western Plus Plaza Hotel

A Virginia-based hotel owner and operator purchased a landmark Longmont hotel –its first Colorado asset –  for $11.5 million. An affiliate of Chester, Virginia-based Shamin Hotels bought the Best Western Plus Plaza Hotel at 1900 Ken Pratt Blvd. from Plaza Partnership. The seller is affiliated with Pratt Management, which developed the 210-room property in 1982…

Jill Jamieson-Nichols

March 25, 2018

Lakewood 150-room hotel sells to Rockies Lodging Capital for $8.7 million

Jefferson County Property Location: 3605 S. Wadsworth Blvd, Lakewood Property Description: four-story 150-room hotel, 76,504 sf, YOC 1986 Land Size: 3.14 acres Sales Price: $8.7M, or $58,000 per room, or $113.72 per sf Reception No.: 2018010208 Closing Date: 1/31 Grantor: CNI THL PROPCO Fe II LLC, Mark Hedstrom, VP, NYC, NY 10022 Grantee: RLC-VI Lakewood…

John Winslow

February 27, 2018

Bedford brings 127-key SpringHill Suites hotel to Colorado Mills

SpringHill Suites

A SpringHill Suites hotel is on its way to the Colorado Mills shopping area. Dallas-based Bedford Lodging will deliver the 127-room hotel in January 2019, catering to business travelers during the week and leisure travelers in the summer and on weekends. The SpringHill Suites Lakewood Golden – Colorado Mills will occupy a 2-acre site at…

Jill Jamieson-Nichols

December 22, 2017