Hotel Equities and an affiliate of Colorado Springs, Colo.-based Olive Real Estate Group began construction on a new dual-branded SpringHill Suites by Marriott and Element by Westin in downtown Colorado Springs. An affiliate of Olive Real Estate Group owns the hotel development and Hotel Equities will manage.
Slated to open in 2021, the dual-brand hotel will mark the first combination of these two Marriott International brands. It will provide a combined 259 guestrooms and suites, 216 underground public parking spaces, 4,200 square feet of meeting and event space, a rooftop restaurant and bar and street-level retail.
The hotel is located within walking distance of the U.S. Olympic Museum, Weidner Stadium, America the Beautiful Park and the U.S. Olympic Committee Headquarters. Garden of the Gods Park is a 5-mile drive away.
“The dual-branded model is intended to attract a more diverse range of guests, and meet the market’s increased demand for upper-upscale, urban, select-service and extended-stay hotels with unique accommodations,” Fred Cerrone, founder/chairman of Hotel Equities, said in a statement.