Acquisitions & Hotel Openings

McWHINNEY Acquires the Hyatt House Denver Airport

Colorado real estate investor expanding hospitality portfolio with 123-room hotel located close to Denver International Airport

DENVER, CO. May 17, 2017 - McWHINNEY, a Colorado-based real estate investor and developer with expertise in mixed-use, commercial, multi-family and hospitality assets – is pleased to announce that it recently expanded its hospitality portfolio with the acquisition of the 123-room Hyatt House Denver Airport Hotel.

Denver’s Sage Hospitality will manage the property. The purchase price was not disclosed.

Located just a short distance from Denver International Airport, the extended stay Hyatt House Denver Airport hotel features 123 contemporary and spacious guest rooms featuring pillow-top Hyatt Grand Beds and fully equipped kitchens. Hotel amenities include more than 1,000 square feet of meeting space, a heated indoor pool and hot tub, an outdoor grilling area and patio, a 24-hour Fitness Center and complimentary airport shuttle service.

McWHINNEY has been expanding its presence in the hospitality segment with several high-profile projects, including:

  • The Crawford Hotel at Denver Union Station – Denver, Colorado

McWHINNEY is a member of the Union Station Alliance, which oversaw the $54 million redevelopment of Denver Union Station, including the award-winning 112-room Crawford Hotel.

  • The Maven Hotel at Dairy Block – Denver, Colorado

McWHINNEY, Grand American Inc. and Sage Hospitality are redeveloping a prominent downtown Denver block in the historic Lower Downtown district (LoDo) into Dairy Block, a mixed-used redevelopment anchored by The Maven Hotel, a 172-room independent hotel that opened in late March 2017.

  • Courtyard by Marriott at Centerra – Loveland, Colorado

McWHINNEY announced earlier this month that it is partnering with Stonebridge Companies to build a new 101-room Courtyard by Marriott at Centerra, McWHINNEY’s award-winning master-planned community located in the heart of Northern Colorado in Loveland.

  • The AC Hotel Portland Downtown – Portland, Oregon

Opened earlier this year, McWHINNEY and Sage Hospitality co-developed a 13-story Marriott-branded hotel in the heart of downtown Portland that features 204 contemporary guest rooms.

  • The Elizabeth Hotel - Fort Collins, Colorado

McWHINNEY is currently co-developing The Elizabeth Hotel with Sage Hospitality, which will open later this year with 164 new hotel rooms.

McWHINNEY - which celebrated its 25th anniversary last year - is committed to launching new lifestyle communities, developing vibrant mixed-use places and crafting new retail concepts for local residents, employees and visitors to connect with and enjoy. For more information, please visit www.mcwhinney.com.

Media contact:
Keo Frazier
Vice President of Marketing
McWHINNEY
keo.frazier@mcwhinney.com

Coming Up In The October Online Hotel Business Review




{300x250.media}
Feature Focus
Revenue Management: Technology and Big Data
Like most businesses, hotels are relying on technology and data to drive almost every area of their operations, but perhaps this is especially true for hotel Revenue Managers. There has been an explosion of technology tools which generate a mountain of data – all in an effort to generate profitable pricing strategies. It falls to Revenue Managers to determine which tools best support their operations and then to integrate them efficiently into their existing systems. Customer Relationship Management, Enterprise Resource Planning, and Online Reputation Management software are basic tools; others include channel managers, benchmark reports, rate shopping tools and review systems, to name a few. The benefits of technology tools which automate large segments of a Revenue Manager’s business are enormous. Freed from the time-consuming process of manual data entry, and having more accurate data available, allows Revenue Managers to focus on analysis, strategies and longer-term decision-making. Still, for most hotels, the amount of data that these tools generate can be overwhelming and so another challenge is to figure out how to effectively utilize it. Not surprisingly, there are some new tech tools that can help to do exactly that. There are cloud-based analytics tools that provide a comprehensive overview of hotel data on powerful, intuitive dashboards. The goal is to generate a clear picture, at any moment in time, of where your hotel is at in terms of the essentials – from benchmarking to pricing to performance – bringing all the disparate streams of data into one collated dashboard. Another goal is to eliminate any data discrepancies between finance systems, PMS, CRM and forecasting systems. The October issue of the Hotel Business Review will address all these important developments and document how some leading hotels are executing their revenue management strategies.