Colorado Springs, CO, May 31, 2022 (GLOBE NEWSWIRE) — Olive Real Estate Group, Hotel Equities (“HE”), Colarelli Construction and Hotel Operations Services, the homeowners, improvement and operations companions, are excited to announce the grand opening of the brand new dual-branded SpringHill Suites by Marriott and Element by Westin in Downtown Colorado Springs on May 26, 2022. The dual-branded property has a mixed 261-guestrooms and options panoramic views of Pikes Peak, Garden of the Gods Park, and the Rocky Mountains.
“The Downtown Colorado Springs dual-branded hotel has provided over 150 jobs to Colorado Springs residents with competitive salaries, benefits, and career growth opportunities,” mentioned Principal of Olive Real Estate Group, Jim DiBiase. “In addition to the positive social impact the hotel brings, the dual-branded model is the perfect solution to the market’s demand for upscale, urban focused accommodations that include extended stay options in the city’s downtown core. It is a testament to the growth of business and tourism travel in Colorado Springs.”
“We are so excited to add this property to our hotel portfolio, further expanding our footprint in the West,” mentioned Chief Development Officer of HE, Joe Reardon.
Chief Executive Officer of Hotel Equites, Brad Rahinsky, added, “This hotel represents our further commitment and investment into the thriving Colorado Springs market. We’ve been actively involved in The Springs as owners and operators for nearly a decade and look to continue to grow and support the community with continued growth and opportunities.
The dual-branded property, located at the corner of South Tejon and East Costilla, is in the heart of downtown Colorado Springs, a growing center for business functions and entertainment options including the U.S. Olympic & Paralympic Museum and the Colorado Springs Switchbacks FC. The location is encompassed by Colorado College, University of Colorado Colorado Springs, the United States Air Force Academy, Colorado Springs Fine Arts Center, and many local restaurants and bars.
Gus Krimm serves as General Manager of the hotel alongside Director of Sales, Linda Greenwell.
“Our team has had the pleasure of working alongside the developers and on-property opening team since the project’s inception to ensure the original vision for the dual-branded property comes to fruition,” mentioned Senior Vice President of Operations at HE, Peter Tziahanas. “I have complete confidence that the team has delivered a property that will serve as a central gathering place for the downtown community and offer guests a unique experience when visiting the vibrant city.”
The eighth ground of the dual-branded resort is residence to Lumen8 Rooftop Social, a recent restaurant and bar opening June 1, 2022. Eight tales excessive with panoramic mountain views, the restaurant capitalizes on the seasonality of Colorado Springs. With upscale, modern American delicacies, a rooftop patio, and a give attention to regionally sourced substances, Lumen8 is “an excellent space to take in the view, enjoy a bottle of wine, and enjoy the evening with your family and friends” says Chris Starkus, Director of Food and Beverage.
To be taught extra about SpringHill Suites click on right here. To be taught extra in regards to the Element Downtown Colorado Springs, click on right here.
About Olive Real Estate Group
Olive Real Estate Group is a acknowledged chief within the Southern Colorado industrial actual property market, serving shoppers as they develop, relocate, develop and make investments to enhance business, monetary and financial improvement in an space ripe with alternative. Since 1976, Olive Real Estate Group has developed over 5 million sq. toes of business workplace, retail, resort and industrial properties in Colorado Springs. Signature tasks embrace the Colorado Springs Tech Center, Woodmen Office Campus, and Aerospace Technology Center campuses. Learn extra at www.olivereg.com.
About Hotel Equities
Hotel Equities is an award-winning full-scale resort possession, administration and improvement agency with a portfolio of over 250 lodges and resorts all through the United States and Canada. Fred Cerrone, CHA, serves as Founder and Chairman; Brad Rahinsky serves as president and CEO. Hotel Equities is an affiliate of 33 Degrees, an built-in administration platform combining market information and trade expertise throughout a broad vary of CRE property together with workplace, restaurant, retail, mixed-use and multi-unit residential. For extra info on Hotel Equities, go to www.hotelequitites.com.
- Marriott Dual Brand Rendering
