A developer has purchased 3.2 acres in Westminster with plans to develop the site with a hotel, retail and restaurant uses. Missouri-based Drury Development Corp. plans to build a seven-story, 180-room hotel on the site.
"It is a significant piece of real estate in a market with strong fundamentals," said Gary Rohr, chief executive officer of Resolute Investments. "We think those fundamentals will become stronger as the Boulder corridor submarket continues its growth with renewable energy, research and technology companies.
There has been a boom in hotel proposals for the U.S. 36 corridor. From Broomfield to Boulder along U.S. 36 more than nine hotel projects have been proposed within the last year. Several more, including the latest one from Drury have been proposed in Westminster. Drury has plans to break ground for its new hotel in Westminster in 2010.
Read More ...
Source: Boulder County Business Report
Link: http://bcbr.com/article.asp?id=97991
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment