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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 December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.