McWhinney Acquires Hotel Indigo in Downtown Denver
McWhinney, a Colorado-based real estate investor and developer with expertise in commercial, multifamily, hospitality, residential and mixed-use assets, is excited to announce it has purchased Hotel Indigo Denver Downtown in Denver's LoDo neighborhood.
Terms of the transaction were not disclosed. The sale was brokered by Cushman & Wakefield Global Hospitality.
Located in the heart of downtown just steps from Denver Union Station, Hotel Indigo Denver Downtown offers 180 rustic-luxe guestrooms - all featuring hardwood floors, polished concrete ceilings, sliding barn doors and sweeping urban or mountain views. Amenities at the dog-friendly hotel include a fitness center, a 24-hour business center, 1,200 square feet of modern event space and a bar and restaurant.
Part of IHG Hotels & Resorts, the Hotel Indigo Denver Downtown is managed by Denver-based Sage Hotel Management, a Sage Hospitality Group company, one of the nation's top hotel management companies.
"McWhinney has an extensive hospitality portfolio both nationally and here in Colorado and we are excited to add Hotel Indigo Denver Downtown to the mix," said Dave Johnstone, Chief Investment Officer - Hospitality at McWhinney. "This is an excellent hotel in an outstanding location and it fits well with McWhinney's long-term commitment to enhancing the vibrancy of downtown Denver."
Other notable LoDo lifestyle projects for McWhinney include Denver Union Station, The Crawford Hotel, Dairy Block and The Maven. Nationally, McWhinney recently opened the Hyatt Place Boston/Seaport District, a 297-room hotel on Boston's harbor waterfront, and has a 246-key Hyatt Centric boutique hotel under construction in Austin, Texas.
"The acquisition of the Hotel Indigo Denver Downtown is an exciting step in the growth of the McWhinney Hospitality portfolio," said Marshall Johnston, Vice President of Asset Management - Hospitality at McWhinney. "We look forward to reintroducing travelers to an enhanced guest experience with targeted renovation projects and aesthetic improvements across the property. We are especially excited about a new restaurant and bar concept that will launch in Spring 2021 and will welcome guests and locals to this exciting and active neighborhood."
Since 1991, McWhinney has planned and developed more than 6,000 acres of innovative and sustainable master-planned communities and more than 11 million square feet of vertical commercial and mixed-use properties throughout the Rocky Mountain region and the West Coast.
For more information on McWhinney, please visit www.mcwhinney.com.