BrokerageHospitality

McWhinney Acquires Hotel Indigo

It was announced on Friday that The Hotel Indigo in LoDo has sold to Colorado-based McWhinney. The hotel sale, brokered by Cushman & Wakefield, closed for $38.5 million, according to property records.

Hotel Indigo Denver offers 180 rustic-luxe guestrooms – all featuring hardwood floors, polished concrete ceilings, sliding barn doors and sweeping urban or mountain views. Amenities at the dog-friendly hotel include a fitness center, a 24-hour business center, 1,200 square feet of modern event space and a bar and restaurant. 

Part of IHG Hotels & Resorts, the Hotel Indigo Denver Downtown was developed by Portman Holdings, the seller, and is managed by Denver-based Sage Hotel Management.

“McWhinney has an extensive hospitality portfolio both nationally and here in Colorado and we are excited to add Hotel Indigo Denver Downtown to the mix,” said Dave Johnstone, chief investment officer – Hospitality at McWhinney. “This is an excellent hotel in an outstanding location and it fits well with McWhinney’s long-term commitment to enhancing the vibrancy of downtown Denver.” 

Other notable LoDo lifestyle projects for McWhinney include Denver Union Station, The Crawford Hotel, Dairy Block and The Maven.

“The acquisition of the Hotel Indigo Denver Downtown is an exciting step in the growth of the McWhinney Hospitality portfolio,” said Marshall Johnston, vice president of asset management – Hospitality at McWhinney. “We look forward to reintroducing travelers to an enhanced guest experience with targeted renovation projects and aesthetic improvements across the property. We are especially excited about a new restaurant and bar concept that will launch in Spring 2021 and will welcome guests and locals to this exciting and active neighborhood.” 

Since 1991, McWhinney has planned and developed more than 6,000 acres of innovative and sustainable master-planned communities and more than 11 million square feet of vertical commercial and mixed-use properties throughout the Rocky Mountain region and the West Coast. 

Photo courtesy of McWhinney

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