News for the Hospitality Executive
The Embassy Suites Hotel in Downtown Denver To Be
Converted to a Ritz-Carlton at a Cost of $75 million
|By Julie Dunn, The Denver Post
Knight Ridder/Tribune Business News
March 1, 2006 - The Embassy Suites Hotel in downtown Denver will become the city's first Ritz-Carlton, developers announced today.
Hotelier Charlie Biederman and his partners plan to spend more than $75 million to convert the 367-room hotel, located at 1881 Curtis St., into 202 luxury rooms and suites. The top five stories of the building will be revamped into 23 private Ritz-Carlton Residences, ranging in size from 2,300 square feet to 4,400 square feet.
No pricing was announced, but Biederman, who developed the JW Marriott in Cherry Creek, guaranteed the Ritz-Carlton would command top-dollar for the market.
“We're going to offer beautiful rooms and a level of service that hasn't been here before,” he said.
The conversion will also include adding 13,000 square feet of meeting space and a restaurant.
Ritz-Carlton, based in Chevy Chase, Md., has 61 hotels worldwide, including two in Colorado: the Ritz-Carlton, Bachelor Gulch, at Beaver Creek, and the Ritz-Carlton Residences, Aspen Highlands.
“We've been interested in Denver for a very long time,” said Christopher Rose, senior vice president of hotel development for Ritz-Carlton. “And this building is ideal because of its relative location to Denver's sports stadiums, LoDo and the 16th Street Mall. We think we'll be very successful here.”
The Ritz-Carlton, Denver is scheduled to open in spring 2007. Ritz-Carlton is also opening hotels in Beijing, Moscow and Dallas next year.
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