News for the Hospitality Executive
Sage Hospitality Selected by Metropolitan State College
of Denver to Develop
and Operate a 190-room Campus Hotel and Learning Center for
the School’s Hospitality Program
|Denver, CO –September 23,2009 - Sage Hospitality, a nationally
recognized leader in hotel development and management, today announced
that it will join an innovative public –private partnership with The Metropolitan
State College of Denver and M.A. Mortensen Co. to develop and operate a
190-room hotel slated to house the school’s rapidly expanding Hotel Learning
Center. Mortensen Co. will serve as the developer /contactor
and Sage will provide management services for the hotel, which is expected
to open in 2012.
The Sage/Mortensen group was selected by Metro State from a highly competitive pool of 20 RFP’s that were submitted in response to solicitation of proposals for the project. The $30 million hotel will be owned by the college’s foundation. A capital campaign for an additional $8.5 million to finance the cost of classrooms, faculty offices, a wine cellar and a teaching kitchen at the hotel will also be launched.
“This is very different from doing just a private venture, and it has
benefits for the community including the hotel learning center, jobs, as
well as new tax sources for the city and state,” said Walter Isenberg,
co-founder, president and CEO of Sage Hospitality Resources.
Envisioned to create a gateway to Denver’s Central Business District and the Auraria campus, the hotel will be located at the Northeast corner of Larimer and Speer Boulevard. Stephen Jordan, president of Metro State, observed that the hotel will serve as a great downtown amenity and as an outstanding new home for the school’s hospitality program.
“We’re very excited about it,” Mr. Jordan said. “One of the reasons we feel so strongly about this being the right thing to do is that we have more than 500 students majoring in the hospitality program. We’ve had more than threefold growth in the last 10 years.”
About Sage Hospitality
Founded in 1984, Sage Hospitality has strategically grown into one of
the largest privately held hotel management and development companies in
the nation operating a variety of large, full-service hotels and a number
of extended stay and select-service properties. Sage Hospitality's comprehensive
management portfolio includes major international brands for Marriott,
Starwood, Hilton and IHG as well as the independent boutique hotels the
Oxford and the Curtis in Denver. Sage Hospitality has further differentiated
with the creation of the Sage Restaurant Group, which has created and is
managing 5 unique restaurant concepts including the award winning Mercat
a la Planxa in Chicago.The company developed the innovative CoCo Key water
resort brand with 10 destination properties currently open.
|Also See:||The University of Denver’s School of Hotel, Restaurant and Tourism Management Getting New 45,000 square-foot State-of-the-art Facility / September 2004|
|Johnson & Wales University Converting Historic Treat Hall into Student-run 52 room Hotel; Hotel Will Become the Centerpiece of 26-acre Campus in Denver / April 2006|
|Sage Hospitality to Renovate Historic Treat Hall on Johnson & Wales University's Denver Campus; Plans Include 55 room Full Service Hotel and Instructional Facilities / July 2003|