PRESS RELEASE – TownePlace Suites by Marriott to Anchor The Foundry’s South End
Mike Scholl, Economic Development Manager, City of Loveland, 970-962-2607
TownePlace Suites by Marriott to Anchor The Foundry’s South End
102-room downtown hotel will open Spring 2019
TownePlace Suites by Marriott is the latest addition to The Foundry in downtown Loveland. Marriott’s entry marks the first business announcement for the downtown revitalization project, which will transform four acres between Lincoln and Cleveland avenues.
The 63,550-square-foot, four-story TownePlace Suites by Marriott will offer 102 rooms and feature an indoor pool, fitness center, lounge and 1,000 square feet of divisible meeting space. The hotel will cater to business travelers and tourists alike, offering free wireless internet, a business center and pet-friendly accommodations.
The hotel portion of the project is being developed by Northern Colorado-based Brinkman and Colmena Group, a real estate development and investment company headquartered in Salt Lake City.
The hotel fills out The Foundry plan that includes a 460-space, five-level parking garage owned by the City of Loveland, a 35,000-square-foot public plaza for community events and a seven-screen, 625-seat first-run movie theater.
Two five-story buildings, Patina Flats at the Foundry, will front Cleveland and Lincoln avenues and offer 155 for-rent apartments and 15,000 square feet of commercial space.
The overarching Foundry project is a public/private partnership that brings together the City of Loveland, Brinkman, the Loveland Downtown Partnership and investment partner Brue Baukol Capital Partners. The $75 million project is the largest public-private real estate collaboration in Loveland’s history.
Formerly known as the “South Catalyst,” The Foundry aligns with the City’s vision for revitalizing the southern zone of the historic downtown district, propelling social and economic vitality throughout Loveland’s core.
Construction of TownePlace Suites by Marriott is anticipated to begin by the end of February with an expected completion date and opening in Spring 2019.
Brinkman is a mission-driven real estate development and investment company headquartered in Fort Collins. The company is focused on using business as a force for good through the creation of meaningful places. Their projects generate positive economic and social multipliers for communities, families and investors.
For more information about Brinkman, please visit www.brinkmancolorado.com.
About The Foundry
The Foundry will redevelop four acres between Lincoln and Cleveland avenues into apartments, retailers, a public plaza, parking garage, movie theater and TownePlace Suites by Marriott. With outdoor walkways, seating, and ample space for programming, The Foundry will be a new epicenter of entertainment and desirable location to live, work, and play in the core of the Sweetheart City.
For more information about The Foundry, please visit www.thefoundryloveland.com.