Host Hotels Selects Sage Hospitality to Manage the 628-key Denver Marriott Tech Center Hotel
January 26, 2015 11:08am
Beginning in late 2015, the hotel will undergo an extensive multi-million dollar renovation to completely modernize every aspect of the hotel. This renovation includes all 628-rooms of the two towers and will reconfigure and enhance the entrance, lobby, restaurants, and 45,000 square feet of event space. In one of the two towers the room count will shrink as certain standard king rooms will be converted to executive king suites with upgraded finishes and amenities such as microwaves and refrigerators to reach out to the extended stay customer. In addition, the fitness center and the concierge lounge will be relocated to the tower with the executive suites to create a complete experience for the business traveler.
The Denver Marriott Tech Center Hotel is the preferred hotel for individual and group customers conducting business in the Denver Tech Center which is home to several large technology corporations including Oracle, IBM, Hewlett Packard and First Data.
"We are very excited about the transformational repositioning of this hotel in partnership with an experienced local operator, Sage Hospitality, to create significant value in this asset. As we have indicated previously, our strategy is to own the right assets with the right brands and managed by the right operators. While most of our iconic assets in major gateway markets benefit from brand management, with assets such as Denver Marriott Tech Center, a local franchised operations model is the preferred choice," said Minaz B. Abji, executive vice president, Asset Management.
Note: This press release contains forward-looking statements within the meaning of federal securities regulations. These forward-looking statements are identified by their use of terms and phrases such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "plan," "predict," "project," "will," "continue" and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks include, but are not limited to: changes in national and local economic and business conditions that will affect occupancy rates at our hotels and the demand for hotel products and services; the impact of geopolitical developments outside the U.S. on lodging demand; volatility in global financial and credit markets; operating risks associated with the hotel business; risks and limitations in our operating flexibility associated with the level of our indebtedness and our ability to meet covenants in our debt agreements; risks associated with our relationships with property managers and joint venture partners; our ability to maintain our properties in a first-class manner, including meeting capital expenditure requirements; the effects of hotel renovations on our hotel occupancy and financial results; our ability to compete effectively in areas such as access, location, quality of accommodations and room rate structures; risks associated with our ability to complete acquisitions and dispositions and develop new properties and the risks that acquisitions and new developments may not perform in accordance with our expectations; our ability to continue to satisfy complex rules in order for us to remain a REIT for federal income tax purposes; and other risks and uncertainties associated with our business described in the Company's filings with the SEC. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. All information in this release is as of the date of this release, and the Company undertakes no obligation to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
* This press release contains registered trademarks that are the exclusive property of their respective owners. None of the owners of these trademarks has any responsibility or liability for any information contained in this press release.
Tags: host hotels,
denver marriott tech center hotel
Sage Hospitality Opens The Maven Hotel at Dairy Block in Denver
Sage Hospitality Names Mustafa Menekse Area Director of Sales Overseeing Denver's The Crawford, The Oxford & The Maven Hotels
Sage Hospitality Appoints Gerry Link as General Manager for The Maven Hotel, Denver
Sage Hospitality Names Bess Miller General Manager of Denver’s the Curtis – a DoubleTree by Hilton
Sage Hospitality Completes Renovation and Expansion of The Denver Marriott Tech Center
The Courtyard by Marriott Denver Downtown Launching Multi-Million Renovation in Early 2017
Sage Hospitality Appoints Kimberly Terry-LeDoux as Director of Sales and Marketing of The Blackstone, A Renaissance Hotel
Sage Hospitality and BMC Investments Open Newly-Built Halcyon, A Hotel in Cherry Creek, Colorado
Sage Hospitality Appoints Mike Case as New General Manager of Denver Marriott TechCenter
Sage Hospitality names Kara Akers Associate Director of Sales at The Oxford Hotel & The Crawford Hotel
Sage Hospitality Appoints Two Key Leadership Positions for Halcyon - a Hotel in Cherry Creek, Set to Open August 2016
Sage Hospitality to Develop The Maven in Denver, Colorado Slated to Open Spring 2017
McWhinney and Sage Hospitality to Develop The 164-room Elizabeth Hotel in Fort Collins, CO
Host Hotels & Resorts to Debut $107 Million Expansion of Marriott Marquis San Diego in June 2016
The Logan Philadelphia Opens as a Hilton Curio Property Following Multi-Million Dollar Renovation
Host Hotels & Resorts, Inc. Provides Update on Value-Enhancing Strategic Transactions
Colorado’s Westin Westminster Completes $2 Million Guest Room Renovation
Denver Marriott Tech Center to Begin Major Transformation this Fall Including Guest Room Overhaul
Xenia Hotels & Resorts to Acquire the Hotel Commonwealth in Boston, Massachusetts for $136 Million
Sage Hospitality and Host Hotels & Resorts Unveil Plans for the Logan, Philadelphia's Hotel
Please login or register to post a comment.