By: Skylar Colclazier
Burl Rolett with Business Den explains why Tharaldson Hospitality chose Stapleton for the home of its second Colorado hotel, the Residence Inn at 4667 N. Central Park Blvd.
I recently wrote a piece on the booming hotel industry in Denver. The piece highlighted the key points covered at the 2015 Hotel and Resort Summit held by the Colorado Real Estate Journal (CREJ). At the Summit it was mentioned that, “The metro area saw a 16 percent increase in revenue per available room in 2014…that’s about double the national average.” Since then, there has been an influx of hotel development occurring in Denver.
Tharaldson Hospitality purchased their second hotel site in Stapleton and hopes to break ground within the month. The site benefits include: high visibility, easy access, multiple nearby transit options, and close proximity to Downtown Denver and Denver International Airport. The potential is limitless. Joe Bladd, Tharadlson’s development manager stated, “It’s a growing area, and in general Denver is a really solid market with a diverse economy…It has lots of corporate headquarters and other things we look for with an extended-stay hotel.”
The $16 million Residence Inn will have 112 rooms and parking availability.
If you are ready to capitalize on the benefits Stapleton has for business, check out Stapleton’s Available Land.