Hyatt Announces Plans for Thompson Denver
Hotel will be debut property for the lifestyle brand in Colorado
July 23, 2019 // Franchising.com // CHICAGO - Hyatt Hotels Corporation (NYSE: H) has announced plans for Thompson Denver, the first Thompson Hotels property in the state of Colorado, expected to open in 2021. Currently under development, Thompson Denver recently broke ground at 1600 Market Street in LoDo, a bustling downtown neighborhood in the heart of the city that is steps from iconic Union Station.
“Denver has been a priority market for our Thompson Hotels brand and we are excited to have the opportunity to bring it to this vibrant city,” said David Tarr, senior vice president, development, Hyatt. “We are looking forward to introducing locals and visitors to the brand’s tailored and refined edge, with its world-class culinary offerings, elevated programming, and groundbreaking design.”
Developed by T2 Hospitality, a leading hospitality developer in the Western United States, the 11-story boutique hotel will be designed as a modern-day chalet, with architecture by Denver’s DLR Group and interiors by internationally-acclaimed, award-winning firm Parts + Labor, in collaboration with the Thompson Hotels design team. The 216-room Thompson Denver will provide travelers with a sophisticated lifestyle experience from the moment of arrival.
Upon entry, guests will immediately be taken by the oversized hearth fireplace, which extends from the lower-level meeting space through to the lobby floor. Strong architectural pieces will act as dividers within the lobby, separating the check-in area from a grab-and-go café, featuring a juice bar, curated retail and other takeaway items, which will transition into a bar and lounge in the evening. Large concrete columns adorned with rough-hewn wood and metal accents and a raw, brutalist staircase will evoke the feeling of a rustic, yet urban ski lodge.
Unifying impeccable design with and the casual sophistication of the west, guestrooms will blend warmth with style. Featuring a natural palette of deep browns, rich, dark greens and greys, luxurious textures and materials will be utilized throughout the spaces, such as terracotta tile flooring, a woven grey wool rug, saddle leather headboard, and soft woven sofa featuring a hand-stitched graphic pattern. The property will also include 15 luxury suites, including the signature Thompson Suite located on the 7th floor, complete with an oversized terrace and dedicated entertaining space.
The 90-seat ground-floor signature restaurant will boast an all-day dining concept, rotating from day to night. Centered around a circular interior bar area with a custom jewel box light fixture, the restaurant will be outfitted in luxe green and brown tones, complimented by dark woods and interior foliage. A wall constructed of rock and glass will frame the space, nodding to the Rocky Mountains landscape. Private mezzanine dining will also be available.
Located on the 6th floor of the hotel, an indoor/outdoor terrace with lounge and bar will add to downtown Denver’s energetic social scene. With 140 seats for dining and drinking, the extensive area will feature a sunroom and courtyard - which will be an open-air area during the warmer months - and a library and whiskey room with a custom-designed pool table and fireplace. Warm woven rattan ceilings and deep-tiled flooring are combined with light cast concrete surfaces, intermingling dark and light within the space. The property will also have an array of function and meeting spaces with a residential feel, richly-designed in a color palette of deep jewel tones.
Thompson Denver is an example of Hyatt’s growing lifestyle sector and Thompson Hotels’ robust development pipeline, with additional projects in the works in Washington, D.C., Los Angeles, Miami, and across the state of Texas. Thompson Denver will join Thompson hotels in New York, Nashville, Seattle, Chicago, and Toronto, in addition to resorts in Mexico’s Playa del Carmen, Los Cabos, and Zihuatanejo.
Thompson Denver will be located at 1600 Market Street. To learn more about Thompson Hotels, visit www.thompsonhotels.com.
The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
About Thompson Hotels
Founded in 2001, Thompson Hotels is an award-winning boutique lifestyle hospitality brand with a collection of stunning, dynamic properties. Each of Thompson Hotels’ urban and resort locations offers a carefully layered environment that molds into its surrounding community. Evoking thought through in-the-know perspectives, Thompson hotels provide tailored stays with connections to world-class culinary offerings, arts and entertainment, and groundbreaking design. The Thompson portfolio of lifestyle hotels includes The Beekman and Gild Hall in New York City; Thompson Nashville; Thompson Seattle; Thompson Chicago; Thompson Toronto; The Cape in Los Cabos, Mexico and Thompson Playa del Carmen in Riviera Maya, Mexico; and its newest property, Thompson Zihuatanejo, on Mexico’s Pacific Coast. Properties currently under development include Thompson D.C. in The Yards, Thompson Hollywood in Calif., Thompson South Beach, Thompson Dallas and Thompson San Antonio. Follow @ThompsonHotels on Facebook, Twitter, and Instagram for news and updates. For more information, please visit www.thompsonhotels.com.
About T2 Hospitality
T2 Hospitality is a California-based, privately-controlled real estate development and investment company founded in 2011. Led by an experienced and award-winning team with over 40 years of in-depth experience, T2 Hospitality has the knowledge and expertise to create wealth in the hospitality industry through select hotel development and investment. For more information, visit http://t2hospitality.com/.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 19 premier brands. As of March 31, 2019, the Company's portfolio included more than 850 properties in over 60 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination®, Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt Zilara™, Thompson Hotels®, Hyatt Centric®, Hyatt House®, Hyatt Place®, Joie de Vivre®, tommie™, Hyatt Residence Club® and Exhale® brand names, and operates the World of Hyatt® loyalty program that provides distinct benefits and exclusive experiences to its valued members. For more information, please visit www.hyatt.com.
Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause our actual results, performance or achievements to differ materially from current expectations include, among others, the rate and the pace of economic recovery following economic downturns; levels of spending in business and leisure segments as well as consumer confidence; declines in occupancy and average daily rate; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; the financial condition of, and our relationships with, third-party property owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and the introduction of new brand concepts; the timing of acquisitions and dispositions, and our ability to successfully integrate completed acquisitions with existing operations; our ability to successfully execute on our strategy to expand our management and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; changes in the competitive environment in our industry, including as a result of industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program; cyber incidents and information technology failures; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the U.S. Securities and Exchange Commission. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
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