BMC Investments with Assistance from Vision Hospitality Group Developing Moxy Denver/Cherry Creek

/BMC Investments with Assistance from Vision Hospitality Group Developing Moxy Denver/Cherry Creek

BMC Investments with Assistance from Vision Hospitality Group Developing Moxy Denver/Cherry Creek

|2016-12-06T13:12:28+00:00December 6th, 2016|

CHATTANOOGA, TENN., DEC. 6, 2016 — BMC Investments, LLC in partnership with Chattanooga-based Vision Hospitality Group, Inc. continues construction of the 8-story Moxy Denver/Cherry Creek. This will be the first Vision-managed hotel in Colorado.

The 170-room hotel will have a modern design that meets the needs of today’s travelers while promoting a vibrant social atmosphere. The rooms will boast unobstructed mountain and Denver skyline views. The hotel will also provide amenities that modern travelers expect from a lifestyle brand at an approachable price-point. Amenities will include an outdoor patio and beer garden unlike anything currently in Cherry Creek, a full service bar and lounge including a social public area with games, a flexible meeting and pre-function space and a gym with state of the art cardiovascular equipment. The hotel will also feature a 42-inch television in all guest rooms, grab-and-go bites and keyless entry access in all rooms with Marriott’s mobile check-in app. “We are thrilled to have the opportunity to work with Vision Hospitality Group to bring to Cherry Creek North something it currently lacks—a lifestyle lodging experience at an affordable price,” said BMC CEO Matt Joblon.

Projected to open in the fall of 2017, the Moxy will be located in Cherry Creek North, the most upscale residential, office, and retail neighborhood in Denver. Cherry Creek North affords guests access to a wide range of restaurants, premier outdoor shopping, world-class art galleries as well as the Cherry Creek Mall.

“We are excited to be entering Denver’s robust market,” Vision President & CEO Mitch Patel said. “Vision is honored to continue our relationship with Marriott International and to have the opportunity to participate in the development and management of this project with BMC Investments. We are also excited to manage one of the most innovative brands in the U.S. market.”

The Moxy is part of Vision’s pipeline of 19 hotels currently under development.

About BMC Investments, LLC

BMC Investments (BMC) is a diversified and vertically integrated real estate investment company specializing in the development, acquisition, and management of properties across various asset classes and geographies.  BMC focuses its investment strategy on creating long term value in its assets and generating strong risk-adjusted returns.  BMC has several development projects underway in various asset classes including mixed-use residential and hotel totaling close to $500 million in cost.  In addition, BMC owns and operates approximately 3,000 residential units in its portfolio and has over 500 units under management overseen by its property management arm, BLDG Management.  BMC currently has over $750M in assets under management. To learn more about BMC, visit www.bmcinv.com

About Vision Hospitality Group, Inc.

Chattanooga-based Vision Hospitality Group, Inc. is a leading hotel management and development company with an unwavering commitment to quality and integrity. Although the company’s roots date back to 1978, Vision Hospitality Group, Inc. was officially formed in 1997 by President & CEO Mitch Patel. Still family-owned and operated today, Vision has a hotel portfolio and pipeline of premium select and full-service hotels affiliated with the Hilton, Marriott and InterContinental brands. To learn more about Vision Hospitality Group, Inc., visit www.vhghotels.com.

Contact: Jocelyn Cochran

pr@vhghotels.com/423-892-1010 ext. 230

About Moxy

Moxy Hotels is Marriott International’s new millennial-focused brand that debuted in September 2014 with the opening of Moxy Milan. A boutique hotel concept for the budget-savvy traveler, Moxy is a fresh and innovative brand combining stylish design and approachable service at an affordable price point. With tech-enabled rooms, vibrant lobby spaces and warm, modern service, Moxy aims to surprise travelers with a thoughtful, spirited and fun guest experience. To learn more about Moxy Hotels, visit MoxyHotels.com

About Marriott

Marriott International, Inc. (NYSE: MAR) is a leading lodging company based in Bethesda, Maryland, USA, with more than 4,400 properties in 87 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2015. The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands. For more information or reservations, please visit our web site at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

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