Hotel developer likes RiNo vibe; pays $3.3M for plot

3548 brighton blvd

TWC Management paid $3.29 million for 3548-3560 Brighton Blvd. (Thomas Gounley)

The new owner of a corner lot in RiNo wants to add another hotel to the booming neighborhood.

Englewood-based TWC Management purchased 3548-3560 Brighton Blvd. this week for $3.29 million, according to property records.

TWC CEO Jennifer Gipfert said the company is still determining what brand the hotel will be.

“We recognize the unique character of the RiNo neighborhood, and it’s important to us to find the right hotel brand partner for this site,” Gipfert said in an email statement.

TWC operates three Best Western properties, in Sterling, Fort Morgan and Cheyenne, Wyoming, according to its website.

City permitting records show Best Western’s Vib brand is one option TWC has considered.

Vib (pronounced “vibe”) is a new brand aimed at young travelers. The only Vib hotel operating is in Turkey, but locations in Staten Island and Springfield, Missouri, are pending.

The RiNo property was sold by Tributary Real Estate, which purchased it for $600,000 in December 2012. Tributary Partner Ryan Arnold was the listing broker.

The 0.4-acre property consists of a 4,000-square-foot building and a parking lot.

The building, currently leased to construction company Kiewit, previously housed beef supplier Teton Waters Ranch, which moved from the site in 2016.

The site is less than a quarter-mile from The Source Hotel, which is slated to open in May, according to its website.

3548 brighton blvd

TWC Management paid $3.29 million for 3548-3560 Brighton Blvd. (Thomas Gounley)

The new owner of a corner lot in RiNo wants to add another hotel to the booming neighborhood.

Englewood-based TWC Management purchased 3548-3560 Brighton Blvd. this week for $3.29 million, according to property records.

TWC CEO Jennifer Gipfert said the company is still determining what brand the hotel will be.

“We recognize the unique character of the RiNo neighborhood, and it’s important to us to find the right hotel brand partner for this site,” Gipfert said in an email statement.

TWC operates three Best Western properties, in Sterling, Fort Morgan and Cheyenne, Wyoming, according to its website.

City permitting records show Best Western’s Vib brand is one option TWC has considered.

Vib (pronounced “vibe”) is a new brand aimed at young travelers. The only Vib hotel operating is in Turkey, but locations in Staten Island and Springfield, Missouri, are pending.

The RiNo property was sold by Tributary Real Estate, which purchased it for $600,000 in December 2012. Tributary Partner Ryan Arnold was the listing broker.

The 0.4-acre property consists of a 4,000-square-foot building and a parking lot.

The building, currently leased to construction company Kiewit, previously housed beef supplier Teton Waters Ranch, which moved from the site in 2016.

The site is less than a quarter-mile from The Source Hotel, which is slated to open in May, according to its website.

This story is for our paid subscribers only. Please become one of the thousands of BusinessDen members today!

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Commercial Real Estate

Editor's Picks

Leave a Reply

Your email address will not be published. Required fields are marked *