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A new $500 million Resort/Convention hotel is underway in Aurora.
Aurora is getting into the convention business in a big way with The Gaylord Rockies Resort and Convention Center. After five years of planning the hotel development and battling Denver hoteliers over funding the hotel construction is finally underway.
Most top tier conventions need 200,000 square feet of space and 1,500 rooms in the same hotel. This development will satisfy all of those needs and will be located on the eastern Plains, just south of Denver International Airport.
“So, if American Express has 1,400 people and they need 200,000 square feet of meeting space under one roof, there is really no facility in the state of Colorado to take care of them,” According to RIDA Development’s Ira Mitzner. “This funding from an eight-bank consortium, led by Wells Fargo, is a significant step in the process as we move toward vertical construction.” He added.
Site work started April and the construction will provide more than 10,000 jobs. After completion The Gaylord Rockies Resort and Convention Center will provide 2,500 stable jobs. The projected budget of the project may get up to $800 million.
“This project will be a perfect addition to the city and help redefine what our future will be," According to Aurora Mayor Steve Hogan. "Along with the Fitzsimons hospital complex, light rail, which is creating a downtown around the Aurora Town Center, development along the E-470 corridor and the new Buckley Air Force Base, Aurora is now changing its stripes, in a very positive manner.” He mentioned.
Originally the developers had the idea to use the National Western as its theme, but after a series of buyouts and lawsuits The Gaylord Rockies Resort and Convention Center decided to use a Colorado ski lodge theme instead.
The construction could take approximately 38 months, but ongoing legal battles could de-rail the projects timeline
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Kevin Fletcher and is a Denver native working with Exit Realty of Cherry Creek. Kevin specializes in helping Buyers, Sellers and Investors with real estate transactions in the Denver Metro Area. Within Denver, I have intimate knowledge of the Park Hill, Stapleton, City Park, and Baker Neighborhoods. Kevin Fletcher can also assist buyers looking for Fix and Flips, and rental properties. I can help with securing financing, investment analysis, rehab, and property management.To get an expert opinion on what your home is worth, or for a Buyer consultation, Call/Text or Email Kevin Fletcher at 303-818-4130, Kevin@exitrealtycherrycreek.com
My name is Kevin Fletcher and I am a Denver native working with Exit Realty of Cherry Creek. I specialize in helping buyers, sellers and investors with real estate transactions in the Denver Metro Are....
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