BMC Investments and Vision Hospitality Group Break Ground on Hyatt House Denver/Aurora, CO

USA, Denver, Colorado. October 17, 2019

Denver-based BMC Investments(BMC) in partnership with Chattanooga-based Vision Hospitality Group, Inc., has broken ground on a 140-key extended stay Hyatt House hotel at the Fitzsimons Medical Campus in Aurora, which will include 8,000 square feet of ground level retail. BMC acquired the property, which is located at the southeast corner of Colfax and Peoria - also known as the Gateway at Fitzsimons - in 2013. The project will be one of the first opportunity zone projects in the Denver metro area to break ground. The Hyatt House hotel will be managed by Vision Hospitality Group. The 8,000 square feet on the ground floor will focus on convenience retail and restaurants to further cater to the community.

"We are excited to renew our partnership with Hyatt and to continue our partnership with BMC through this venture," said Mitch Patel, President & CEO. "We aim to provide enhanced comfort and convenience for our guests no matter the duration of their stay. Hyatt House Denver/Aurora, CO will add a new upscale hotel offering to one of Colorado's most vibrant cities, providing guests close proximity to Fitzsimmons Medical Campus and Aurora's thriving business district."

"Fitzsimons is one of the fastest growing hospital campuses in the country and with the expansion of the UCH Hospital, the Veteran's Center ramping up and continued growth of Children's Hospital, there is significant demand for an extended stay hotel," said Matt Joblon, chief executive officer of BMC Investments. "We were inspired by the opportunity to provide families a comfortable place to retreat to while facing the challenges that can be presented when seeking medical attention for loved ones."

Known for its enhanced social spaces, the Hyatt House fosters an environment where guests feel connected, welcomed and at home. The hotel will reflect the sophisticated design of an urban residence and incorporate signature elements to deliver an upscale, extended stay experience. These comforts include apartment-style suites, an engaging social lounge with an oversized sectional and pool table, and the H Bar, a versatile island which converts from the breakfast bar in the morning to a cocktail bar in the evening.

"This Hyatt House project is a great example of our continued focus on growing premium hotels in strong markets, like Aurora," said Jim Tierney, senior vice president of development and owner relations, Hyatt Place and Hyatt House. "We're thrilled to team up with BMC Investments and Vision Hospitality Group on this hotel, which will provide a welcoming space for business and leisure travelers alike."

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Hotel Law: A Labor Crisis and Cyber Security

According to a recent study, the hospitality industry accounted for 2.9 trillion dollars in sales and in the U.S. alone, was responsible for 1 in 9 jobs. In an industry of that scope and dimension, legal issues touch every aspect of a hotel's operation, and legal services are required in order to conform to all prevailing laws and regulations. Though not all hotels face the same issues, there are some industry-wide subjects that are of concern more broadly. One of those matters is the issue of immigration and how it affects the ability of hotels to recruit qualified employees. The hotel industry is currently facing a labor crisis; the U.S. Labor Department estimates that there are 600,000 unfilled jobs in the industry. Part of the problem contributing to this labor shortage is the lack of H2B visas for low-skilled workers, combined with the difficulty in obtaining J-1 visas for temporary workers. Because comprehensive immigration reform is not being addressed politically, hotel managers expect things are going to get worse before they get better. Corporate cyber security is another major legal issue the industry must address. Hotels are under enormous pressure in this area given the large volume of customer financial transactions they handle daily. Recently, a federal court ruled that the Federal Trade Commission had the power to regulate corporate cyber security, so it is incumbent on hotels to establish data security programs in order to prevent data breaches. The lack of such programs could cause hotels to face legal threats from government agencies, class action lawsuits, and damage to their brand image if a data breach should occur. These are just two of the critical issues that the December issue of Hotel Business Review will examine in the area of hotel law.