Sage sources renovation for Denver addition

by | 19 Sep 2022 | Hotel Projects, Projects, Refurbishments

Sage Hotel Management, a Sage Hospitality Group company, will be overhauling a 100-room hotel in Denver, USA, that it has just added to the Sage Independent Hotel Collection.

The Source Hotel + Market Hall is a collection of retail spaces housing an array of independent retail and dining concepts in the heart of Denver’s River North (RiNo) Art District.

Room and lobby facelift

Sage will be managing the site, which was recently acquired for $61.9 million by Stockdale Capital Partners, a Los Angeles-based real estate investment firm.

The two companies will work together to invest in renovations and improvements in the coming months, including refreshing the hotel’s guestrooms, activating the lobby experience, and creating additional revenue drivers in the onsite retail space.

The Source first opened in 2018 and features a rooftop pool, 5,575 sq ft of event space, fitness and business centres, along with 44,000 sq ft of onsite food and beverage as well as retail in the adjacent Market Hall locations.

Holistic perspective

Sage Hotel Management’s president and chief operating officer, Daniel del Olmo, said: “The addition of The Source Hotel + Market Hall to our growing independent portfolio and the start of a new business relationship with Stockdale Capital Partners are an excellent representation of our journey towards becoming the nation’s undisputable lifestyle hospitality company,.

“For the past few years, we have been building out our team meticulously with experts in luxury, lifestyle and independent hospitality – from operations to sales, marketing and revenue, and everything in between. We now have over 170 talented and passionate team members in our headquarters that are eager to deliver meaningful results to our owners and investors, while enriching lives, one experience at a time. We look forward to fully realising the potential of this unique experience in RiNo Denver while bringing a new holistic perspective to the overall concept.”

Next level

Bill Doak, MD of hospitality for Stockdale Capital Partners, added: “The Source is an exciting addition to our portfolio of hotels across the country, and we’re thrilled to be working with an operator like Sage. Their long tenure in the industry and incredible depth of experience in Denver, coupled with their understanding of creating unforgettable hospitality experiences made them the perfect fit for this asset. We look forward to working together to build on the property’s success and taking it to the next level.”

The Sage Independent Hotel Collection encompasses 13 other independent properties including Catbird and The Rally Hotel, both in Denver, and Hotel Per La in downtown Los Angeles, with more to be announced in the coming months.

Related Articles

Hotel Indigo doubles Jeddah presence

Hotel Indigo doubles Jeddah presence

Imagery courtesy of IHG Hotels & Resorts. IHG Hotels & Resorts has signed a management agreement with Saudi Investment Group and Marketing Co (SIGMAC), a subsidiary of Ghazzawi Group, for its second Hotel Indigo in Jeddah. Opening in Q1 2028, Hotel Indigo...

Top 3 project announcements in September

Top 3 project announcements in September

TOPHOTELPROJECTS researchers have had a busy September, adding nearly 150 entries to the database over the last few weeks. Here we profile several of the most important hotel additions which have been announced in this month.   Trunk Hotel Yoyogi Park Japanese...

Generator takes on New York legend for refreshment

Generator takes on New York legend for refreshment

Imagery courtesy of The Paramount Hotel and Generator. Boutique brand Generator has signed its first third party management agreement, for an iconic New York City hotel which will now be refurbished. The European firm will operate the legendary Paramount Hotel,...

Accor brings French luxury style to Shanghai

Accor brings French luxury style to Shanghai

Accor’s Sofitel Hotels & Resorts brand is expanding in Shanghai with the agreement of a 293-key luxury urban resort, set to open in 2025. The hotel group is partnering with Shanghai Xinguang Technology Development Group on the development of Sofitel Shanghai South...

Hilton premieres Tempo brand in New York

Hilton premieres Tempo brand in New York

Imagery © 2022 Hilton and LL Holdings. Hilton Worldwide has signed the first site for its newest brand, Tempo, in the iconic location of New York City’s tourist hub, Times Square. The lifestyle strand will premiere in Q4 2023 with the opening of Tempo by Hilton Times...

Cheval Maison to make Dubai debut

Cheval Maison to make Dubai debut

Cheval Collection has signed a management agreement with Nakheel which will see the debut of its Cheval Maison brand in Dubai. The 131-serviced apartment property, called Cheval Maison - The Palm Dubai, is due to open in Q1 2023. Contract expansion It will feature a...

Pin It on Pinterest