While the proliferation of hotels within the Denver Central Business District is a testament to the continued growth and demand of our market; the choices for hotel options continue to expand. Yet I have been in the marketplace long enough to remember when the Residence Inn City Center opened for business. There was an excitement at the time as the closet peer offering was up on Speer and Zuni. The Residence Inn City Center filled a void left by the former Embassy Suites which was located below what is The Apartments at Denver Place above The Ritz-Carlton Denver.
While the Residence Inn City Center was a welcome addition to the CBD, it was time for a refresh. The hotel just completed a $2 million renovation including work in the lobby, the meeting spaces, guest rooms and the 8th floor patio, literally a backyard in the sky now offering a fire pit and gas grill. The renovations and design were overseen by Ricca Newmark Designs.
Of note, the Residence Inn concept while popular with business travelers has enjoyed success with leisure travelers as well. For a similar tariff as a standard hotel room, guests of the Residence Inn concept enjoy expanded suite designs, larger more spacious configurations as well as kitchen amenities. In addition, many locations have a small marketplace on site for snacks, beverages and other items for travelers to make them more comfortable while traveling.
For those who may now be familiar with the Residence Inn Denver City Center, the location on Champa Street between 17th and 18th Streets is truly the center of the CBD. The hotel is within walking distance off all of the downtown attractions including Lodo, The Convention Center, Coors Field and the 16th Street Mall. A hot breakfast is served daily and there is a complementary Happy Hour offered Monday through Thursday.
Of note, The Inland American Lodging Group, a subsidiary of Inland American Real Estate Trust recently purchased the hotel which is 14-stories, 228-rooms, 1,700+SF of meeting space and parking for 448 cars in a garage from Chai LLC for $80 million or $350,877 per key. Locally based Sage Hospitality Management manages the hotel.