A Kansas aggregation that’s developed seven hotels in Colorado Springs will add an eighth.
RHW Management of Overland Park, a suburb of Kansas City, Mo., affairs to body a four-story, 103-room Residence Inn by Marriott at the massive First & Main Boondocks Centermost retail circuitous forth active Powers Boulevard on Colorado Springs’ northeast side.
The auberge would be congenital on 2.6 acreage aloof east of the Fox & Hound restaurant and sports bar, on the south end of First & Main at South Carefree Circle and Tutt Boulevard, according to affairs submitted to the city’s Land Use Review Division.
It will be RHW’s additional auberge at First & Main; it additionally developed the 82-room Holiday Inn Express & Suites on First & Main’s arctic side, which opened in 2013 a Arctic Carefree Circle and New Centermost Point. In Colorado Springs, RHW additionally developed two added Residence Inns, a Fairfield Inn & Suites, a Courtyard by Marriott, a SpringHill Suites and a TownePlace Suites, said Chandler Thayer, the company’s arch operating officer.
RHW’s latest action is added affirmation that developers, retailers and added businesses abide bullish on Powers, which over the aftermost 20 years has become arguably the Springs’ hottest arcade and dining corridor.
Chain and mom-and-pop restaurants, civic retailers, advantage and now hotels accept flocked to the area, in ample allotment to be a bags of homes that band Powers, primarily amid Woodmen Road and Platte Avenue.
RHW has had success with its Holiday Inn Express at First & Main, Thayer, said. The 138-acre First & Main stretches from Arctic Carefree Circle on the arctic to Constitution Avenue on the south, and runs forth Powers’ east side; it’s home to dozens of sit-down and fast-causal restaurants, stores, a Cinemark cine amphitheater circuitous and big box retailers Best Buy, J.C. Penney, Lowe’s Home Improvement Warehouse and SuperTarget.
“Definitely accepting so abounding casework about the auberge helps tremendously,” Thayer said of First & Main.
At the aforementioned time, First & Main’s breadth forth Powers allows guests to calmly ability the retail centermost from the Colorado Springs Airport to the south, Thayer said. And First & Main’s somewhat axial breadth agency RHW can abode guests at its added Springs backdrop to the arctic and south if the Holiday Inn is full, she said.
Colorado and Colorado Springs accept been ambrosial for RHW because of their accretion populations and able economies, Thayer said. In the Springs, RHW hotels comedy host to business and leisure travelers, while the attendance of aggressive installations and aegis contractors agency they see guests who are in boondocks on government-related business, she said.
“Colorado Springs additionally has a nice component, too, of tech and bloom care,” Thayer said. “They’re growing in abounding facets besides aloof government defense.”
The Springs, however, can sometimes be a airy market, Thayer added. Forest fires can aching business, while disruptions in federal government spending additionally affect auberge stays, she said.
RHW, a 35-year-old company, specializes in extended-stay backdrop and its brands accommodate Hilton and Hyatt to go with Marriott, its website shows. In accession to Colorado, RHW has developed about 45 hotels in Arizona, California, Florida, Iowa, Kansas, Maryland, Missouri, Nebraska, Oklahoma and Texas.
The Residence Inn at First & Main will amount a little added than $18 million, Thayer said. In a best-case scenario, the aggregation hopes to activate architecture in aboriginal 2019 and accessible the auberge 14 to 16 months after in 2020.
The Residence Inn will be an all-suites hotel, with a fettle center, calm pond pool, kitchens in every apartment and chargeless breakfast, Thayer said. An alfresco blaze pit additionally will accept west-facing abundance views, she said.
Fred Veitch, a carnality admiral with First & Main developer Nor’wood Development Group of Colorado Springs, said RHW’s Holiday Inn Express has done “exceedingly well” and the appeal for hotels charcoal able in the area. Added projects in the works forth or a the Powers aisle accommodate a Fairfield Inn & Suites, a Comfort Suites and Mainstay Auberge and a Hampton Inn & Suites.
The breadth about First & Main, Veitch added, includes a golf advance and apartments.
“They like actuality about the restaurants and all the activity,” he said. “And there’s acutely appeal in the adjacency itself. RHW has had such acceptable results. They anticipate there’s a acceptable demand.”
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