Interest Rates Hit All-Time Low as Coronavirus Spreads
While the coronavirus will weigh on the U.S. economy in the first quarter, growth should be sustained. According to the Marcus & Millichap special report on the virus outbreak, expectations of weaker exports, reduced tourism and supply chain-related shortfalls will moderate the pace of economic growth. However, low unemployment and comparatively strong consumption levels should …
Seven-Hotel Portfolio, Including Hotel Monaco Denver, Sells for $483M
Xenia Hotels & Resorts, Inc. has executed an agreement to sell a seven-hotel portfolio with a total of 1,124 guest rooms for $483 million. The portfolio consists of seven Kimpton-managed hotels, including Hotel Monaco Denver, Canary Hotel Santa Barbara, Hotel Monaco Chicago, Hotel Monaco Salt Lake City, Hotel Palomar Philadelphia, Lorien Hotel & …
Mixed-Use Development in Louisville Coming Summer 2020
South & Main, a new, 10,059-square-foot mixed-use development located at 957 Main Street in Louisville scheduled to be complete summer 2020, is officially available for lease. Molly Bayer, a senior associate with CBRE’s Retail practice in Boulder, is representing the property owner, Barbara Iglesias. Hartronfit is the architect for the …
5 Colorado Hotels Newly Designated with AAA’s Four Diamond Award
Today, AAA Colorado announced that 47 hotels and 19 restaurants in Colorado have been awarded AAA’s Four or Five Diamond Designation — two of the most coveted, well-known, and respected distinctions in hospitality. While four hotels maintained their position in the Five Diamond program, five Colorado properties joined the ranks for the …
Slim Chickens Purchases Lot at Victory Ridge in Colorado Springs
Fast-casual restaurant chain Slim Chickens is opening its first location in the Colorado Springs market at Victory Ridge, the 153-acre mixed-use development located off Interstate 25 and Interquest Parkway. Whitney Johnson, Patrick Kerscher and Jon Weisiger with CBRE are marketing Victory Ridge for retail opportunities and represented the developer, Westside Investment Partners, in the property …
Renovation of Historic Denver Apartment Hotel Underway
By Kevin Villegas, digital marketing manager for Encore Electric They say history is written by the victors. If that’s the case, then the remodel of the Colburn Hotel, and a rededication to its mission to provide affordable housing, is a big win for the Colburn Hotel residents and for Denver. Originally built …
OZ Architecture’s Keystone Project Takes Shape
One River Run will transform an undeveloped tract of land at the River Run base area of Summit County’s Keystone Resort from a nondescript parking lot into an amenity-rich, ski-in-ski-out mixed-use development. The lead developer of One River Run, Colorado-based One River Run Acquisition LLC, chose OZ Architecture to provide …
Sushi Den Legends to Launch Temaki Den at The Source
This summer, The Source Hotel + Market Hall will welcome Temaki Den to its collection of restaurants, retailers and makers in RiNo. Fans of Denver’s Sushi Den on Old South Pearl Street will be especially excited to hear that Sushi Den Chef and Owner Toshihiro “Toshi” Kizaki and Kenta Kamo, executive chef of OTOTO, are the brains behind the new …
Video Game-Themed Hotel Planned for Denver
Atari® — an entertainment producer that owns a portfolio of more than 200 games and franchises — has signed a deal with GSD Group to build video game-themed Atari Hotels in the United States, including Denver. According to a press release, the first location will break ground in Phoenix, AZ later this …
Three New Restaurant Concepts Coming to Denver’s Market St.
LoDo’s recent loss of The Tavern Downtown, Cowboy Lounge, and Cook Street School at 1941 Market Street, has much of the community wondering what will happen to the sprawling 25,000-square-foot space that boasts a 10,000-square-foot rooftop. Well worry not, three new bar/restaurant concepts originating from California plan to reinvigorate LoDo. Nationwide entertainment …