Work to Begin at Union Tower Project

DENVER—Portman Holdings and Hensel Phelps say construction on Union Tower West, the vertically-stacked mixed-use Denver’s Union Station neighborhood, will begin with a groundbreaking ceremony on April 9. The building’s 180-room hotel will be a Hotel Indigo hotel—IHG’s (InterContinental Hotels Group) upscale boutique brand. Canyon Capital Realty Advisors has provided equity financing and Regions Bank will provide a construction loan for the approximately $92 million development which is sited at 1801 Wewatta St.

“Canyon is excited to be part of the transformation of Denver’s downtown by partnering with an experienced development team,” said Marti Page, senior director at Canyon Realty.