Oct 17 2013
White Lodging, one of the hospitality industry's leading ownership, development, and management companies, has selected the joint venture of general contracting firms Swinerton Builders and Shiel Sexton to construct the new 21-story, dual-branded Hyatt hotel at 14th Street and Glenarm Place in downtown Denver.
Rendering of White Lodging Hyatt Place/Hyatt House in Downtown Denver
Construction of the 361-room property is scheduled to start in early November, with an opening set for late summer 2015. At the peak of construction activities, the project will require up to 400 construction workers, according to Jared Hoeflich, Swinerton project executive. The joint venture will be actively pursuing pricing and making commitments to the subcontracting community over the next few weeks.
The 306,000-square-foot building will feature both Hyatt Place, a select-service hotel, and Hyatt House, an extended-stay product. Each hotel will have its own entrance, lobby, restaurant, and lounge area, though hotel guests will share conference rooms, a swimming pool and work-out area, and four levels of underground parking. The new hotel will be near the Colorado Convention Center, the Theater District, and the Swinerton-built Four Seasons Hotel, which opened in 2010.
"The location on 14th Street and the amenities of this dual-branded new hotel offer an attractive option for business travelers, convention attendees, and visitors to Denver," said Scott Conrad, Swinerton vice president and division manager. "Swinerton is excited to once again build in the Theatre/Convention Center District in downtown and leverage our expertise honed on constructing the nearby Four Seasons Hotel on this new project for White Lodging."
According to the Downtown Denver Partnership's 2013 "State of Downtown Denver" report, both hotel occupancy levels and average room rates have risen 73.4% and to $153.50, respectively.
"As this area continues to evolve, we look forward to completing this project, which will contribute to Denver's economy, restaurants, retailers, and local businesses," said Kevin Hunt of Shiel Sexton, an Indianapolis-based general contractor who has completed five hotels, with two additional hotels completing in 2014, for White Lodging. "It will fit in very nicely with the Colorado Convention Center and the recent pedestrian improvements made to the 14th Street corridor."