Denver-based Sage Hospitality, one of the nation’s top hotel management, development and investment companies, has begun 2015 with a rapidly expanding portfolio in key markets in the United States. Including the announcement of a new management contract for the Denver Marriott Tech Center, with a planned large scale renovation for the south Denver convention venue.
Sage’s growth in development began last year with the opening of the newly built SpringHill Suites Downtown Oceanside in California, followed by the renovated Westin Cleveland Downtown hotel in Ohio. Also in Cleveland was the opening of Sage Restaurant Group’s second location of Urban Farmer, beginning an expansion of its restaurant concepts which will continue in 2015.
July 2014 marked the opening of Denver Union Station and the launch of The Crawford Hotel, ranked one of the Top 11 Business Hotels by CNN and Top 101 Best New Hotels in the world by Condé Nast Traveler. Other Denver announcements for Sage in 2014 included a 150-room independent hotel on 245 Columbine in the former Post Office building in Denver’s high-end shopping district, Cherry Creek. The luxury boutique hotel, developed in partnership with BMC Investments, will include Sage Restaurant Group’s second location for its highly acclaimed Departure Restaurant.
Expanding on a relationship that began with Denver Union Station, Sage has partnered with Colorado real estate developer, McWhinney, on two new projects. The historic Windsor Dairy Block, in the LoDo District of Denver, will include another independent Sage hotel. This duo also has plans to develop a two-acre block in Old Town, Fort Collins, which will include retail, a restaurant and a 165-room hotel associated with an undisclosed brand, set to open in 2017.
Outside of Colorado, Sage has expanded its Premier & Lifestyle division with a new management contract in another historic train station, the Union Station Hotel in Nashville, Tenn. The Union Station Hotel is part of Marriott’s Autograph Collection with 137 rooms and owned by Pebblebrook Hotel Trust, who also owns the Nines – a Luxury Collection hotel in Portland, Oregon.
Going further east, in December the Four Seasons Philadelphia announced that it would be removing the Four Seasons flag in June 2015. Sage Hospitality has been hired by Host Hotels & Resorts to rebrand, renovate and reopen the location on One Logan Square in late 2015 with its own branding, new spa and a Sage Restaurant Group concept. Host is also the owners of the Marriott Denver Tech Center hotel.
Kicking off the New Year, Sage also opened their first New York City hotel in Downtown Manhattan with the Residence Inn New York Manhattan/World Trade Center Area. The hotel is a historic renovation in the famed William Barthman Jewelers building on Broadway and Marion, featuring all-suites with a look that reflects the jeweler’s history in the building.
“We’ve been going after more independent hotels coupled with unique locally inspired restaurants, in exciting urban markets, because that’s where our sweet spot is,” said Michael Everett, chief investment officer for Sage. “We’ve seen amazing results in renovations and repositioning, and we look forward to operating these new hotels and restaurants and expanding our portfolio as both operator and owners.”
To learn more about Sage Hospitality and their expanding portfolio of hotels, visit www.sagehospitality.com.
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