Davidson Hotels & Resorts (Davidson), one of the nation’s largest hotel management companies, today announced that it has taken over management of the 451-room Hyatt Regency Denver Tech Center in Colo. This is the second hotel that Davidson manages on behalf of the hotel’s owner, JMI Realty, a real estate investment and development company specializing in lodging and urban redevelopment.
“Davidson has amassed one of the highest-quality full-service portfolios in the industry and ranks as the largest independent operator of full-service Hyatt’s in the nation ,” said Steve Margol, Davidson’s chief investment officer. “Our in-depth experience operating Hyatt hotels, combined with JMI Realty’s planned renovation of the meeting space will allow us to solidify the Hyatt’s position as a leading property in the marketplace.”
“Davidson’s reputation as a top-of-class operator speaks for itself. Their unique expertise managing many full-service Hyatt branded hotels made them a logical choice for us in Denver. We look forward to expanding our relationship with this premier asset,” said Greg Clay, JMI Realty’s chief investment officer.
Located at 7800 East Tufts Avenue, the 11-story hotel is ideally situated at the corner of I-25 and 225 Highways, convenient to downtown Denver, the Denver International Airport and minutes from the Belleview light rail station. The Hyatt is the only hotel in the Denver Tech Center area that has achieved AAA Four Diamond status, and features more than 30,000 square feet of function space, including an 11,000 square foot ballroom, a 4,000 square foot top floor social event space, and an amphitheater with built-in A/V capabilities. The recent comprehensive public space renovation completely transformed the look and feel of the lobby as well as the restaurant and lounge. The recently launched Root25 Taphouse & Kitchen highlights Colorado craft beer, spirits and locally sourced ingredients. In addition, Perks Coffee & Go is a gourmet market featuring Starbucks coffee and specialty breakfast and lunch items. Additional hotel amenities include an indoor swimming pool and hot tub, large outdoor garden with fire pit, Hyatt Stay Fit Gym and picturesque views of the Rocky Mountains and the Mile High City.
The seller was advised exclusively on the transaction by HREC Investment Advisors, the brokerage side of Hospitality Real Estate Counselors, headquartered in Greenwood Village, Colo.
About JMI Realty, LLC
JMI Realty is a private real estate investment and development company based in Austin, TX that was organized in 1992 as the real estate subsidiary of JMI Services, Inc., the investment management company of the John Moores Family. Under the leadership of John Kratzer, president and CEO, and Greg Clay, chief investment officer, JMI Realty has pursued investment and development opportunities across all product sectors with a specialization in the lodging and multifamily areas and an expertise in processing complicated urban mixed-use development projects.
About Davidson Hotels & Resorts
Davidson Hotels & Resorts is an award-winning, full-service hotel management company that provides management, development/renovation, acquisition, consulting and accounting expertise for the hospitality industry. The company has amassed one of the purest full-service hotel portfolios in the industry, ranging from the upper-upscale to near-luxury segments; encompassing 47 upscale, full-service independent and branded hotels with more than 14,000 rooms across the United States, including such affiliations as Hyatt, Hilton, DoubleTree by Hilton, Embassy Suites, Hilton Garden Inn, Sheraton, Westin, Marriott, Renaissance, Courtyard by Marriott and Radisson. Additional information on Davidson may be found at the company’s website, www.davidsonhotels.com.