FORT COLLINS, COLO. – December 10, 2014 – McWhinney, an experienced Colorado-based real estate investment, management and development company, will join Sage Hospitality to develop a new hotel in downtown Fort Collins. McWhinney and Sage Hospitality, with financial support from local investors, including Bohemian Cos., will build the 85,000 square-foot hotel at the former Armadillo restaurant site on Walnut Street.
“This hotel will fill a longstanding need for a downtown lodging and meeting facility,” said Matt Robenalt, executive director of Fort Collins’ Downtown Development Authority. “This is a community vision that is coming to fruition and which will add to the vibrancy and economic vitality of our city.”
Upon completion, the hotel will feature approximately 165 rooms, meeting space and a ballroom. Sage Hospitality, a leading Colorado-based hotel development and management company, will take an active role in the hotel design and will manage day-to-day operations of the hotel.
“We’re looking forward to providing a great space for visitors and locals alike,” said Chad McWhinney, CEO and co-founder of McWhinney. “Fort Collins’ vibrant culture will be apparent in everything from architecture to food offerings.”
In addition, Denver-based Sage Restaurant Group, which has several restaurants in the area, plans to implement one of its newest brands in part of the available restaurant space.
“This is a great opportunity for us to become part of the Fort Collins community,” said Peter Karpinski, Co-Founder and COO of Sage Restaurant Group.
The group of developers and investors is currently pursuing cost estimates and plans to begin construction next year, with estimated completion of the project slated for 2017. McWhinney and Sage Hospitality have previously partnered on other historic redevelopment projects. Most recently, McWhinney and Sage Hospitality served on the Union Station Alliance to redevelop Denver’s historic Union Station, a luxury hotel, restaurants and high-end retail. In addition, McWhinney and Sage Hospitality are redeveloping Denver’s historic Windsor Dairy Block buildings, for a mixed-use concept, including a Sage Hospitality independent hotel.
“Partnering with McWhinney on another signature project is a special experience for Sage Hospitality,” said Walter Isenberg, President and CEO, Sage Hospitality. “We have established an exceptional professional relationship that has brought some of Colorado’s signature developments to life.”
McWhinney and Sage will lease the future hotel site from Fort Collins-based Bohemian Cos., which owns the 2-acre land parcel.
“This hotel will continue to increase the vitality of downtown Fort Collins, and we’re pleased to be working with other investors to move the project forward,” said Joe Zimlich, CEO at Bohemian Cos. “McWhinney and Sage are an experienced Colorado-based team committed to creating a positive impact in the community. Fort Collins is in good hands with their history of outstanding projects throughout the state.”