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.
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.