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Transactions - NOVEMBER 7, 2019

Sage Hospitality with partners to develop hotel in Denver

by Released

Sage Hospitality along with Walnut Development Partners and EXDO Development have broken ground on a new hotel development in Denver’s vibrant River North (RiNo) Art District. This yet-to-be-named independent hotel concept is under development in the epicenter of the RiNo neighborhood at 3770 Walnut St., just steps from the 38th and Blake RTD commuter rail station — directly connecting to Denver International Airport — and in close proximity to the Mission Ballroom and numerous other restaurants, nightlife offerings, fitness studios, and more than 1 million square feet of new office space.

“The explosive growth of the RiNo Art District has been a dynamic change for the city of Denver, and we are excited to be a part of that growth,” said Walter Isenberg, president and CEO of Sage Hospitality. “Sage is thrilled to be adding another independent brand to our portfolio, and we look forward to building a place that will be loved by both our guests and the local community.”

The property is tentatively scheduled to open in early 2021.

“The creative environment and culture in RiNo have perfectly set the stage for us to develop a unique concept at this location. By merging the comfort of your apartment with the high-level service, experience and flexibility of a hotel, we believe the property will be very complementary to the growth currently underway in the neighborhood,” said Jason Kaplan of Walnut Development Partners.

The seven-story hotel will feature 165 high-design guestrooms. All rooms will be equipped with full kitchens, business-friendly features and high-tech entertainment equipment. The ground floor of the hotel is slated for a 5,000-square-foot lobby and restaurant, as well as a gear locker stocked with bikes, skateboards, scooters, cameras and other items that will all be available for guests. Amenities will also include package delivery lockers, a guest storage area, and gym.  And the rooftop will feature an indoor bar with outdoor deck, complete with lounge seating and firepits.

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