The Facts
PROVEN TEAM WITH A HISTORY OF EXPERIENCE
The Oxford Hotel, Denver, Colorado
Larimer Square, Denver, Colorado
Hotel Teatro, Denver, Colorado
Union Station, Washington D.C.
The Nines Hotel, Portland, Oregon
The Blackstone Hotel, Chicago, Illinois
Faneuil Hall, Boston, Massachusetts
Courtyard by Marriott Downtown, San Diego, CA
History Colorado Museum, Denver
Residence Inn City Center, Denver, Colorado
The City and County Building, Denver, Colorado
Courtyard Marriott, Denver, Colorado
Rivercenter Mall, San Antonio, Texas
Grand Central Terminal, New York, New York
CERTAINTY
- Equity and debt confirmed
- Low debt to cost - 50%
- Parcel A & B bridge financing provided
- Experienced team with previous collaboration
- Proven history delivering on time and on budget
- $350 million payment & performance bonding capacity
ACTIVATION
- Open doors to the public 24/7/365
- More than 20,000 s.f. of hospitality, health and gourmet destination retail
- 130 distinctive hotel rooms to accommodate visitors and residents
ECONOMIC BENEFITS
- RTD payments over sixty (60) year term is $65 million (projected)
- Tax generation over term based on 14.85% lodger’s tax on hotel stays and sales tax on restaurants and retail
- Direct tax payment to RTD - $15 million (projected)
- Aggregate direct financial benefit to governmental entities is $200 million (projected)
WORKFORCE DEVELOPMENT
- Supports RTD’s Workforce Initiative Now Program to expand on their current job training and employment opportunities to all work levels
- Hundreds of new jobs created (During construction and on a permanent basis)
- Aggressive, yet sustainable use of DBE/SBE subcontracting
Download our Fact Sheet from November 3rd Public Presentation
Download our Information Handout from November 3rd Public Presentation
