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McWhinney adds to Downtown Denver portfolio with Hyatt hotel purchase

Investor buys 216-room Thompson Denver for an undisclosed price

McWhinney Buys Hyatt Hotel in Downtown Denver
McWhinney's Chad and Troy McWhinney with 616 Market Street (McWhinney, Google Maps, Getty)

McWhinney has bought a 216-room boutique hotel in Downtown Denver for an undisclosed price.

The locally based investor purchased the Thompson Denver at 1616 Market Street, in Lower Downtown, the Denver Business Journal reported. The seller was T2 Hospitality, based in Newport Beach, California.

T2 developed the 11-story, 161,300-square-foot hotel in 2022 along Denver’s 16th Street Mall.

The hotel has more than 10,000 square feet of meeting and event rooms, a fitness center and Chez Maggy restaurant and bar.

It sits along a block of the 16th Street Mall that re-opened in August after three years of construction, according to the Business Journal. It’s also within walking distance of historic Union Station, Larimer Square and the bars and restaurants of the Dairy Block.

Thompson Denver, which landed on U.S. News & World Report’s ranking of the best hotels across the U.S. last year, is run by Hyatt Hotels.

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“Thompson Denver is an ideal addition to growing our portfolio of lifestyle hotels in Denver,” Omar Palacios, executive vice president of hospitality at McWhinney said in a statement, adding that the firm plans to build on its strengths “with thoughtful investments in programming and operational excellence.”

McWhinney, founded in 1991 by Chad and Troy McWhinney, owns The Maven Hotel at Dairy Block, which it developed in 2017, and The Crawford Hotel at Union Station. 

In 2020, McWhinney bought the 180-room Hotel Indigo Denver Downtown at 1801 Wewatta Street for $38.5 million, or $213,889 per room. Last year, the company upgraded The Crawford Hotel as part of an $11 million remodel at Denver Union Station, according to the Business Journal.

In addition to hotels, McWhinney owns commercial, multifamily, residential and mixed-use properties in Colorado, Utah, Texas, Massachusetts, Oregon, Nebraska and Southern California.

Dana Bartholomew

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