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Hilton Backyard Inn Denver Tech Middle Resort  Â
Peachtree Group introduced the acquisition of the 180-room Hilton Backyard Inn Denver Tech Middle in Denver, Colo. Peachtree’s hospitality administration workforce will function the property.
The seven-story lodge is positioned within the coronary heart of the Denver Tech Middle, one of many Denver MSA’s outstanding employment hubs and the most important workplace submarket exterior of the Central Enterprise District, with 8.8 million sq ft of Class-An area. The realm is located close to the intersection of Interstate 25 and Interstate 225, offering direct entry to the Denver CBD and Denver Worldwide Airport.
The lodge additional advantages from its proximity to the under-development Bellview Station, a 50+ acre, transit-oriented, mixed-use growth. Upon completion, Bellview Station will comprise 2.2 million sq. ft. of Class-A workplace, 300,000 sq. ft. of retail; 1,800 high-end residential items and 5.0+ acres of inexperienced area. Distinguished space employers embrace Comcast, Oracle, Microsoft, Zoom, Charles Schwab, Constancy Investments, Newmont Mining and Western Union. The Bellview RTD mild rail station offers direct commuter entry to Union Station and Denver Worldwide Airport.
“We’re excited to accumulate this premium-branded lodge in a rising submarket with quite a lot of various and secure demand mills,” mentioned Michael Bernath, Peachtree’s senior vp, acquisitions. “The Dever economic system is effectively diversified, with the town gaining recognition as a burgeoning tech hub. We consider the enlargement of the R-Line, elevated connectivity of the world and the completion of the transformative Bellview Station growth will proceed to make the Denver Tech Middle a lovely vacation spot for shoppers and companies alike.”
The lodge was final renovated in 2014. Peachtree will make substantial investments within the property, with complete upgrades and enhancements to the whole thing of the property, together with the outside, foyer space, bar and lounge, assembly rooms, guestrooms, visitor baths, corridors, elevators and stairwells.
“Upon renovation, the lodge would be the latest renovated property within the space and will probably be positioned to command a big premium in day by day charges,” Bernath mentioned.
The Hilton Backyard Inn Denver Tech Middle marks Peachtree’s second lodge in Denver, following its possession of the Factor Denver Park Meadows in Lone Tree.
The monetary phrases of the transactions weren’t disclosed.
