November 7, 2017

Casino operator plans major Cripple Creek hotel

CRIPPLE CREEK — The company that owns Bronco Billy’s Casino & Hotel in Cripple Creek will build a 150-room upscale hotel connected to the gaming hall, creating one of the top-rated lodging properties in the Colorado Springs area.

According to a report in the Gazette, Daniel Lee, CEO of Las Vegas-based Full House Resorts Inc., which bought Bronco Billy’s in May 2016, said the hotel would cost $60 million to $70 million to build and open in two or three years on property the company has options to buy for about $13 million. The project includes a hotel with a restaurant, meeting and event space with a capacity of 500 people, a 400-space parking garage and a courtyard that would be built north and west of Bronco Billy’s. Lee said the hotel would not be part of a major chain and rooms would cost an average of $200 a night.

The Gazette quoted Lee as saying he paid $30 million to buy Bronco Billy’s in 2016. “We will be bringing a different level of customer to Cripple Creek,” Lee said.

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The operation will be the largest in Cripple Creek. Three other casino operators also are planning hotel projects.

 

CRIPPLE CREEK — The company that owns Bronco Billy’s Casino & Hotel in Cripple Creek will build a 150-room upscale hotel connected to the gaming hall, creating one of the top-rated lodging properties in the Colorado Springs area.

According to a report in the Gazette, Daniel Lee, CEO of Las Vegas-based Full House Resorts Inc., which bought Bronco Billy’s in May 2016, said the hotel would cost $60 million to $70 million to build and open in two or three years on property the company has options to buy for about $13…

Ken Amundson
Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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