Construction is scheduled to start in March 2007, with opening slated for spring 2009. The hotel is 40 miles south of Denver on Interstate 25, just east of the US Air Force Academy. The site is part of the planned regional shopping center, InterQuest Marketplace, which will provide a mix of entertainment, restaurants and national and local retailers to the growing north side of Colorado Springs. The first round of store openings at the Marketplace is planned for August 2007 and will include a new MacKenzie's Chop House by Concept Restaurant. "The area north of Downtown Colorado Springs continues to experience impressive growth, making it an ideal location for affluent shopping and a premier luxury hotel," Hammons says.

The development is near several significant business hubs, including: Anthem Blue Cross Blue Shield; Compassion International Inc.; FedEx Corp.; Focus on the Family; Lockheed Martin Corp.; New Life Church; Oracle Corp.; Pikes Peak Community College; and Progressive Casualty Insurance Co.

The Renaissance Hotel will be one of four properties managed by Hammons. A 263-suite Embassy Suites Hotel and convention center will be under construction within 60 days at the Larimer County Fairgrounds. In the Denver area the company currently owns and operates the Holiday Inn Denver International Airport Hotel and John Q. Hammons Convention Center and the Hilton Fort Collins adjacent to Colorado State University. in terms of total portfolio, Hammons owns or manages 63 hotels in 22 states representing more than 15,000 guest rooms and suites.