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$10M Hotel Approaches Arrival Near DIA

DENVER-The Sands Cos. of Wait Park, MN will break ground in April on a 189-room Country Inns & Suites in the face of the hotel market's worst year in recent memory. However, the limited-service hotel near a new flight-training facility is expected to be a winner.

By John Rebchook | Updated on February 04, 2002

DENVER-The area hotel market just completed its worst year in more than a decade, but that’s not stopping a Minnesota company from developing another one in a key location near the Denver International Airport. The Sands Cos. of Wait Park, MN, plans to break ground April 1 on a 189-unit Country Inns & Suites in the Gateway area near DIA.

Hotel experts estimate the cost of the hotel at $10 million.

The hotel will be built west of Pena Boulevard and north of East 40th Avenue next to the $50-million CAE flight-training facility under construction. The flight-training facility will train 4,000 pilots each year. Even if the new hotel, which will open in a year, gets its fair share of the pilot business from CAE, it should do well, says Tim Moore, regional marketing director at Gateway.

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