June 30, 2017

International hotel group purchases Denver parking lot for $3.5M

DENVER — A U.K.-based hotel group purchased a 12,500 square-foot parking lot next to Coors Field for $3.5 million.

InterContinental Hotels Group plans to build a 150-room eight-story hotel, BusinessDen reports.

The acquisition is priced at $280 per square foot.

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WomenGive, a program of United Way of Larimer County, was started in Larimer County in 2006 as an opportunity for women in our community to come together to help other women.

IHG is not the only group to focus on building a hotel in Downtown Denver. Stonebridge Cos., based in Centennial, has a 200-room building planned, as does T2 Hospitality and Focus Property Group.

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