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Sheraton, Hyatt Regency in Face-Off Over Convention Hotel

DENVER-Developers Bruce and Seth Berger met a city-imposed deadline to submit a letter of intent for a hotelier for a proposed $217-million, 1,100-room facility on property across from the Colorado Convention Center. In fact, they submitted two letters--one from Sheraton and another from Hyatt Regency. They now have until Jan. 15 to seal a management pact with one of the hoteliers.

By John Rebchook | Updated on September 18, 2000

DENVER-Developers Bruce and Seth Berger met a city-imposed deadline to submit a letter of intent for a hotelier for a proposed $217-million, 1,100-room facility on property across from the Colorado Convention Center. In fact, they submitted two letters–one from Sheraton and another from Hyatt Regency.

The team had until Friday to show progress on the development plan. “I think that is very good news,” says Tracy Huggins, executive director of the Denver Urban Renewal Authority, which plans to supply a $55.35 million subsidy for the hotel. The hotel is needed for the $268 million doubling of the Colorado Convention Center, which taxpayers agreed to pay for in a referendum last November. Huggins says the hotel decision rests with the Bergers. “We have performed an analysis that shows either one would be a high-quality operator and they both are acceptable to the city,” Huggins says.

For the past 14 months, the Bergers had been negotiating with Marriott Corp., but that deal reportedly unraveled because Marriott had refused to comply with a city mandate to use union workers.

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