HotelShift, the firm converting the Park Hill Holiday Inn at 3333 Quebec Street in Denver, has assembled a team that will provide the financial support and design and construction expertise to provide future residents with A-grade apartments and amenities at attainably priced rental rates. The team includes Collegiate Peaks Bank, a Division of Glacier Bancorp, and the lender for numerous highly successful real estate projects across Colorado, and Accurate Builders, a Texas-based builder specializing in hotel construction.
“We have a tremendous team of experts who bring experience and guidance that will help make this project a success and deliver high-quality apartments to people at very competitive rents,” said Alex Cartright, principal at HotelShift, a company that focuses exclusively on converting underperforming hotels into apartments. “It’s exciting to partner with a local bank who we’ve worked with in the past, and a construction company with more than 20 years of experience in hotel conversions. Likewise, the City of Denver’s Office of Adaptive Reuse has been very supportive in their efforts to see buildings rezoned and reused in positive ways.”
HotelShift purchased the 11-story, 310-key hotel with fellow Texas hotel company Voyage Capital for approximately $9 million, according to property records. The duo will deliver approximately 240 apartments from the existing rooms, with studios starting at $1,100. The hotel’s existing gym, pool, handball court and steam/sauna rooms are all planned to be preserved for future residents. Its restaurant space is expected to be leased to a new tenant, and the firms are looking to add a golf simulator on-site. All units will come with a balcony and a full-size fridge, range and dishwasher. Additional amenities include multiple fitness centers, underground parking for residences, and other amenities that are expected in a new-construction apartment complex.
“Collegiate Peaks Bank has established itself as a lender for positive real estate projects that benefit communities on multiple fronts, and our support of this important project is further evidence of that fact,” said Meghana Bhatnagar, senior vice president at Collegiate Peaks Bank.
Construction is expected to take 16-18 months and begins in June, 2026.
