Search
 

Friday Deadline to Land Hotelier Hanging Over Developers' Heads

DENVER-A father-son development team for a $217-million, 1,100-room hotel near the Colorado Convention Center says it will meet Friday's city-imposed deadline to sign a hotelier for the project. A Marriott official says his company is not out of the running while a Hilton spokesman says that chain's proposal hasn't been well received by Bruce and Seth Berger.

By John Rebchook | Updated on September 11, 2000

DENVER-A father-son development team for a $217 million,1,100-room hotel near the Colorado Convention Center says it will meet Friday’s city-imposed deadline to sign a hotelier for the project.

Talks broke down a month ago with Marriott, prompting Bruce and Seth Berger to open negotiations with Sheraton, Hyatt Regency, Loews and Hilton. Several people familiar with the deal told GlobeSt.com that Marriott, for an undisclosed reason, definitely is out of the running–although Bruce Berger says no one is being excluded at this time. It has been speculated that Marriott refuses to guarantee the hiring of union employees, something the city wants. Berger basically is being very hushed about the ongoing talks to land a hotelier by Friday, a deadline he is confident of meeting.

Marriott spokesman Roger Connor says he doesn’t think his company is out of the running. He says the Bergers fully understand Marriott’s proposal and he expects them to make a decision shortly.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.