Westmont Hospitality acquires DIA Embassy Suites for $49.5 million
Denver County Property Location: 7001 Yampa St., Denver Embassy Suites Property Description: 174 (renovated, two-room) hotel suites within six-story hotel, 174,550 sf, YOC 2002, renovated 2016, 24-hour fitness center, 4,000-sf ballroom Land Size: 4.29 acres Sales Price: $49.54M, or $283.81 psf, or $284,705 per unit Reception No.: 2018097857 Closing Date: 8/1 Grantor: AP/AIM DIA Suites LLC, c/o Blackstone…
John Winslow
September 4, 2018Land adjoining Gaylord Rockies hotel snagged for $45 million
Adams County (First Transaction) Property Location: SWC E. 64thAvenue & Picadilly Road, Aurora Property Description: Vacant land Land Size: 500 acres Sales Price: $30M, or $60,000 per acre Reception No: 64184 2018 Closing Date: 8/7 Grantor: 64thHoldings LLC (Rodrick Weimer, mgr.) Grantee: Painted Prairie Owner LLC, c/o PCCP LLC, c/o Pacific Coast Capital Partners, James Nearon, SVP…
John Winslow
August 28, 2018Xenia Hotels & Resorts acquires Ritz-Carlton for $100.25 million
Xenia Hotels & Resorts Inc. has acquired The Ritz-Carlton in downtown Denver for $100.25 million, or approximately $496,000 per key. "We are excited to have added a premier luxury hotel in one of our long-term core markets to our portfolio," said Marcel Verbaas, chairman and chief executive officer of Xenia. "As one of the few…
Kris Oppermann Stern
August 27, 2018Denver 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…
Kris Oppermann Stern
June 19, 2018Spirit Hospitality brings new life to river with hotel, steakhouse
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…
Kris Oppermann Stern
June 9, 2018Crescent buys Brown Palace for $125.35 million
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…
Kris Oppermann Stern
June 8, 2018Changes in store for hotels under new ownerships
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Kris Oppermann Stern
May 26, 2018Localizing 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, 2018Confluent 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, 2018The Ramble Hotel opens at River North’s edge
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…
Kris Oppermann Stern
May 1, 2018