Developing plans for new hotel and restaurant in the beer triangle

Coloradoan

Developers are planning a new 107-room hotel and restaurant along the banks of the Poudre River in Fort Collins' up-and-coming River District and beer triangle.

The extended-stay Staybridge Suites, proposed by Spirit Hospitality, will be located between In-Situ and Woodward Inc.'s new campus on East Lincoln Avenue and across the street from Odell Brewing Co. The site is currently home to Hydro Construction, which will move, according to plans filed with the city's planning department.

The hotel is four stories but steps up from a single level facing Lincoln to three stories, then up to a fourth story. The building steps back down to a single story along the river, according to documents.

A detached, 6,000-square-foot restaurant will overlook the river, and the site will tie into the nearby Poudre trail.

The site is "one of the best development sites in Fort Collins," said Moira Bright, senior vice president of development for Spirit Hospitality. "But it is really difficult to work with" because of the river and erosion that has occurred on the river's banks.

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City staff and developers "agree the best use of the site is one that can be enjoyed by the public," she said. "I'm very optimistic the remaining hurdles are manageable."

Spirit is targeting the business traveler for its extended-stay site, and the proximity to Woodward makes it convenient for the hundreds of annual visitors the international company brings in to its headquarters.

It's not bad for the thousands of tourists who come for the beer and brew tours, either.

Spirit purchased a half-acre of land from Woodward for a secondary entrance and parking on the east side of the property.

The River District, which includes Linden and Lincoln streets from Riverside Avenue/Jefferson Street to Lemay Avenue, is busting with new construction.

Ginger & Baker, a pie shop and restaurant, teaching kitchen and retail space, plans to open in September at 359 Linden St., and Union, a 5,600-square-foot restaurant at the corner of Jefferson and Linden streets, is under construction and plans to open in the spring.

Confluence, a mixed-use building at 401, 405 and 409 Linden St. was recently approved and will include 28 residential units and 10,156 square feet of commercial space. And the city has approved plans for Old Elk Distillery at the southwest corner of Linden and Willow streets, but the developer, Blue Ocean Enterprises, has gone silent about the distillery's future.

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The hotel would also be a block from Canada-based Red Truck Beer Co., which bought out Fort Collins Brewery earlier this year. Red Truck hopes to open the corridor's newest brewpub and truck-stop diner in the spring.

If Staybridge Suites is approved, it will join The Elizabeth Hotel, a 164-room hotel that will open in October at Mountain Avenue and Walnut Street.

New hotel construction comes at a time when occupancy rates are holding steady and rates are increasing. In June, Fort Collins had an 81 percent occupancy rate with an average daily rate of $134.16 and revenue per available room, or revpar, of $108.71.

Occupancy rates have held steady through the first six months of the year compared with last year, but the average daily rate and revpar declined slightly.

According to the Rocky Mountain Lodging Report, Fort Collins has 44,385 available room nights. Loveland had the highest occupancy rate of more than 86 percent and a revpar of 118.12.

Spirit Hospitality is also building a hotel at Harmony Commons in the Harmony Technology Park and recently opened a hotel at 2534 in Johnstown.

This was taken from the Coloradoan