OMG! Hotel Teatro Deal is True!! Part II

[Top Of The Park]

...it will be as juicy as jennifer love hewitt ....If it doesn't happen it will be as dry as a female vampire who forgot to pull the curtains when the sun came up

[BroncoCSU05]

to post the worst analogies ever

[Ribeye]

^^^ Although JLH is quite juicy, the vampire thing.... ugh. That was painful to read... though I read it 6 times, it was still painful. Ugh.

Good news about Teatro. Funny, this is like the most haltingly start-stop projects in forevah! It's like kindergarten, red-light, greenlight.

[Grateful Denver]

if this tower was canceled now, would this be the longest and deepest proposal ever canceled in denver history?
just seems like they have been working and revising this thing for years and already invested millions and millions, is it getting to late to cancel?

[BroncoCSU05]

^ you familiar with the term "sunk costs"?? it's never too late to cancel

[FrancoRey]

The best would be if they pulled a "commie country" project and built the tower's frame...then didn't get to finish it. Pyongyang hotel exemplary. Take that, Tabor 2 foundation!

[rds70]

I was able to get my hands on a revised rendering of the Teatro Tower. This one, which is actually dated 4/24/07 (tomorrow), indicates 45 floors. It also has a more highly refined spire that looks to be at least 100 feet tall (based on the scale of the rest of the building). It looks like the height should be around 540 feet to the roof, and 640 feet to the top of the spire.

I included the one from a couple of months ago at the bottom:

[pablosan]

Thanks RDS.

[blm3034L!fe]

It's better than nada, gracias RDS70 at least it's a surface lot disapearing. Thnak god and besides a new 45 story tower that might reach 650ft is pretty damn good IMO...

[enjo13]

If I'm reading it right.. it does look like many of the setbacks are still around. Still a great building.... time for groundbreaking dang it

[glowrock]

Damn, this has been the project with more stops and starts than rush hour on I-25! Seriously though, a new rendering does seem to imply things are still progressing, albeit with all of the speed of a tortoise.

Aaron (Glowrock)

[FrancoRey]

Sigh...it aint 750+, but 640ish is still pretty damn good. Puts it in 5th for roof height in Denver and 4th for overall height. Keep chugging, you damn slow ass project you.

I just wish they'd kept the old crown under the spire. That was what made this building so great. The rubics-cube style setbacks were sweet.

[pablosan]

Four Seasons for downtown Denver?
The Denver Business Journal - 6:08 PM MDT Monday, April 23, 2007by Noelle Leavitt
Denver Business Journal

Details of a long-sought deal by two local developers to bring a Four Seasons Hotel to downtown Denver are expected to be unveiled at a news conference Tuesday.

Developers Michael Brenneman and Jeff Selby, formally of Teatro Towers LLC, have pushed for a luxury hotel and residential project with Four Seasons for nearly two years. The project, previously estimated to cost $350 million, is planned for the corner of 14th and Arapahoe streets.

Brenneman and Selby will be at the conference representing a company called 1111 Tower LLC, which the men formed to buy the land, said Steve Hennis of Hospitium LLC, a hotel consulting firm.

Denver Mayor John Hickenlooper and Craig Reid, Four Seasons' senior vice president of operations, are also expected to be in attendance.

"They've been trying to get the Four Seasons deal for years," Hennis said. "I think with the Ritz Carlton coming and the Four Seasons, that that would really solidify Denver as a higher market place."

The 19-story Ritz-Carlton Hotel will open this fall at 1881 Curits Street and will be Denver's first five-star hotel. The Ritz will have 202 hotel rooms, with 47 suites and 25 condominiums.

Earlier this year, developers said the proposed Four Seasons' hotel would have 235 rooms and a 102 condos. It's not known if the project to be announced Tuesday will be similar in size.

Brenneman and Selby have traveled a winding road trying to get Four Seasons to Denver.

In November of 2004, Teatro Tower announced that it planned to build a luxury 50-story Four Seasons hotel and condominium property on the site but contract details and financing weren't final.

Residential sales offices for Four Seasons project on 14th Street in the Denver Performing Arts complex, never opened.

But earlier this year, Selby and Brenneman announced that they had arranged a $200 million financing deal from Cairn Capital of London for the project and said they had raised $31 million through the sale of Hotel Teatro located across from the Four Seasons site.

Four Seasons Hotels Inc. (NYSE: FS) is a publicly traded company, but the board accepted a purchase offer from a Saudi prince and a Bill Gates company earlier this year that would will take the company private. The deal is expected to be finalized April 26, and is worth $3.8 billion.

The Four Seasons operates 73 hotels in 31 countries.

[escodu05]

(dbl w/ pablos article)

Interesting information. Tomorrow, press conference, mayor in attendance? Could this be a groundbreaking ceremony???

[FrancoRey]

It's because it's my b-day I tells ya! The universe is coming together...I get skyscrapers, women, start a great career, the will of the mighty Franco will be done!!!

[glowrock]

Wow, what an awesome find, pablosan! Someone get there with pics tomorrow!

Aaron (Glowrock)

[rds70]

All of the paper has been taken off the windows at the sales center, and the Four Seasons logos and name are back.

RDS thats great!! DENVER IS GETTING A FOUR SEASONS HOTEL EVERYONE!!

[comoneymaker]

your counting your chickens before they hatch...i still say almost another year before ground breaking.