BRECKENRIDGE, CO—A joint venture partnership of Urgo Hotels & Resorts and Triumph Development, LLC has broken ground on a 129-suite, custom-designed Residence Inn by Marriott in the heart of Breckenridge.
Set to open in the fall of 2016, it will be the first new hotel built in Breckenridge in more than 20 years and is the first Marriott-branded hotel in the market. Urgo and Triumph will oversee the development of the hotel and Urgo will operate the hotel.
“Both Triumph and Urgo have a strong history of developing and repositioning hotels in mountain ski markets,” said Mathew Jalazo, director of development at Urgo Hotels. “We are patient developers, seeking unique sites with high upside potential, Urgo and Triumph have been working on this project for over two years, acquiring the shuttered Breckenridge Mountain Lodge, arguably one of the best sites in the market, and then shepherding the project through the extensive permitting process.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
