Jan 15, 2025
Crews have begun building an AC Hotel at 3680 Brighton Blvd., next to the Rev360 office building. The hotel will be seven stories and have 128 guestrooms, according to the project’s site development plan, which also shows about 2,500 square feet of restaurant space on the first floor. The hotel is being developed by RiNo36 LLC, which bought the 0.43-acre property — formerly home to an auto repair shop — in February 2020 for $4 million, records show. Lance Sigmon, of Albuquerque-based Allen Sigmon Real Estate Group, said the development team is made up of his firm, Alliance Investments, Hamant Patel’s Lotus Hotels and Prakash Sundaram’s TMS Management. This is the first Colorado hotel for Allen Sigmon, which lists four in New Mexico on the portfolio section of its website. But Lotus is linked to a number of other Denver-area hotels. Sigmon said Marriott reached out to Patel, and asked if he’d consider doing an AC Hotel at the location. The brand, which Sigmon said has a “modern layout with sleek furnishings,” already has a presence in downtown Denver and Frisco. Besides COVID, which hit shortly after the team bought the land, the developers had a couple hurdles: the typical slow pace of Denver entitlements and financing. The latter ultimately came from a bank with a total of three branches in Carlsbad, New Mexico — population 31,000. Sigmon signed the paperwork on the LLC’s $34.87 million construction loan from CNB Bank in November. Bristlecone Construction is the general contractor. Related Articles Business | Jefferson Park brewpub owner replacing Crepes ‘n Crepes in Congress Park Business | Have you experienced difficulties receiving Colorado unemployment insurance benefits? Tell us. Business | The internet is rife with fake reviews. Will AI make it worse? Business | Arizona’s Tiny Taipei: How a Taiwanese chip factory seeded a community Business | Red-light hats and $2,700 laser kits: The evolution of at-home beauty The project will be the fourth hotel along Brighton Boulevard in RiNo. A Cambria hotel at 3601 Brighton opened last year, and a Vib hotel at 3560 Brighton opened in 2022. The Source, the original hotel along Brighton, opened in 2018. Get more business news by signing up for our Economy Now newsletter.
Respond, make new discussions, see other discussions and customize your news...

To add this website to your home screen:

1. Tap tutorialsPoint

2. Select 'Add to Home screen' or 'Install app'.

3. Follow the on-scrren instructions.

Feedback
FAQ
Privacy Policy
Terms of Service