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Peachtree Group Acquires Hilton Garden Inn Denver Tech Center – Mile High CRE

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Peachtree Group Acquires Hilton Garden Inn Denver Tech Center – Mile High CRE


Atlanta-based Peachtree Group has acquired the 180-room Hilton Garden Inn Denver Tech Center. Peachtree’s hospitality management team will operate the property. The financial terms of the transactions were not disclosed.

“We are excited to acquire this premium-branded hotel in a growing submarket with a variety of diverse and stable demand generators,” said Michael Bernath, Peachtree’s senior vice president of acquisitions. “The Denver economy is well diversified, with the city gaining recognition as a burgeoning tech hub. We believe the expansion of the R-Line, increased connectivity of the area, and the completion of the transformative Bellview Station development will continue to make the Denver Tech Center an attractive destination for consumers and corporations alike.”

The seven-story hotel was last renovated in 2014. Peachtree will make substantial investments in the property, with comprehensive upgrades and enhancements to the entirety of the property, including the exterior, lobby area, bar and lounge, meeting rooms, guestrooms, guest baths, corridors, elevators and stairwells.

“Upon renovation, the hotel will be the newest renovated property in the area and will be positioned to command a significant premium in daily rates,” Bernath said.

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The hotel is ideally located in the heart of the Denver Tech Center, one of the Denver MSA’s prominent employment hubs and the largest office submarket outside of the Central Business District, with 8.8 million square feet of Class-A space. The area is situated near the intersection of Interstate 25 and Interstate 225, providing direct access to the Denver CBD and Denver International Airport.

The hotel further benefits from its proximity to the under-development Belleview Station, a 50+ acre, transit-oriented, mixed-use development. Upon completion, Bellview Station will comprise 2.2 million square feet of Class-A office, 300,000 square feet of retail; 1,800 high-end residential units and 5.0+ acres of green space. Prominent area employers include Comcast, Oracle, Microsoft, Zoom, Charles Schwab, Fidelity Investments, Newmont Mining and Western Union. The Bellview RTD light rail station provides direct commuter access to Union Station and Denver International Airport.

The Hilton Garden Inn Denver Tech Center marks Peachtree’s second hotel in Denver, following its ownership of the Element Denver Park Meadows in Lone Tree.

Peachtree Group is an investment firm driving growth with a diverse portfolio of commercial real estate assets and other ventures. The company has executed hundreds of investments since its inception, focusing on real estate acquisition, development and lending valued at almost $9.7 billion in total market capitalization. Today, Peachtree manages over $3.4 billion in capital, augmented by services designed to protect, support and grow its investments. 

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Denver, CO

Rodney Rogers, the ‘Durham Bull’ who was drafted by the Denver Nuggets, dies at 54

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Rodney Rogers, the ‘Durham Bull’ who was drafted by the Denver Nuggets, dies at 54


By AARON BEARD

Former Wake Forest star and 12-year NBA player Rodney Rogers has died. He was 54.

The school announced Saturday that Rogers had died on Friday. Rogers — the No. 9 overall NBA draft pick in 1993 — had been paralyzed from the shoulders down since a dirt bike accident in November 2008. Rogers died of natural causes linked to his spinal cord injury, according to a statement from the National Basketball Players Association on behalf of Rogers’ family.

“The last 17 years have been both challenging and profoundly blessed,” the NBPA statement said. “Through every moment, Rodney remained a light — positive, motivated, and full of the quiet strength that inspired everyone around him.”

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Rogers was the Atlantic Coast Conference rookie of the year in 1991 and player of the year in 1993 whose No. 54 jersey was retired by the Demon Deacons. The burly 6-foot-7 forward with powerful athleticism earned the “Durham Bull” nickname during his prep career, then went on to score nearly 9,500 points in the NBA while being named league sixth man of the year in 2000.

Rogers’ injury led to the establishment of a foundation bearing his name, with Rogers encouraging people with spinal cord injuries while promoting resilience and personal growth in the face of those challenges. The school honored him with its Distinguished Alumni Award in 2022 along with an honorary degree.

“Rodney is the strongest person I have ever met — physically and mentally — and his resilience was evident in the fight he showed every single day,” program great and former teammate Randolph Childress said in a statement released by the school. “I’ve said this before and I still mean it today: he was the best athlete ever to walk onto Wake Forest’s campus. He meant so much to so many people, and I feel profoundly blessed to have been with him yesterday.”

Rogers played three years at Wake Forest, averaging 21.2 points in the 1992-93 season that saw Wake Forest reach the NCAA Tournament’s Sweet 16, before entering the NBA draft as a junior. He started his NBA career with the Denver Nuggets and went on to play with the Los Angeles Clippers, Phoenix Suns, Boston Celtics, New Jersey Nets, New Orleans Hornets and Philadelphia 76ers.

“It’s easy to focus on his extraordinary talent, but what stood out to everyone who knew him was that he was every bit as remarkable as a human being,” said Dave Odom, Rogers’ coach at Wake Forest. “He loved his teammates, he loved his family, he loved Wake Forest and he loved the game of basketball. He loved playing for Wake Forest.

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“Every time we visited him, I walked away reminding myself never to complain — because he never did. He faced life exactly as it came and made the very best of every moment. He was a joy to watch as a basketball player, but he was an even greater man. He shared his strength, his spirit and his life with everyone around him.”

According to the NBPA statement, Rogers is survived by wife, Faye; daughters Roddreka and Rydiah; sons Rodney II and Devonte; his mother, Estelle Spencer; and Eric Hipilito, embraced as a son by Rogers.

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AP NBA: https://apnews.com/hub/NBA

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Denver, CO

Zane Nelson scores 22 off bench as Denver defeats Colorado State 83-81

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Zane Nelson scores 22 off bench as Denver defeats Colorado State 83-81


FORT COLLINS, Colo. — Zane Nelson’s 22 points off the bench helped Denver hold off Colorado State 83-81 on Friday night.

Nelson shot 6 of 10 from the field, including 3 for 4 from 3-point range, and went 7 for 8 from the foul line for the Pioneers (2-3). Carson Johnson scored 18 points while shooting 6 for 11 (3 for 5 from 3-point range) and 3 of 4 from the free-throw line. Julius Rollins had 16 points.

The Rams (4-1) were led by Kyle Jorgensen, who posted 29 points and six rebounds. Carey Booth added 18 points, 10 rebounds and two blocks, while Brandon Rechsteiner finished with 11 points.

Denver went into the half leading Colorado State 41-33. Nelson scored 14 points in the half. Denver pulled off the victory after a 7-0 second-half run erased a three-point deficit and gave them the lead at 58-54 with 10:19 left in the half. Logan Kinsey scored nine second-half points.

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The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.



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Denver, CO

Denver ties mark Friday for second-latest date for a first snowfall

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Denver ties mark Friday for second-latest date for a first snowfall


Metro Denver residents in some areas woke up to wet sidewalks, marking the first measurable moisture the area has received in 24 days. But outside of the foothills, snow still hasn’t arrived, tying 1934 for the second-latest first snowfall on record.

There was fog and a light mist at Denver International Airport, with the temperature at around 40 degrees, as of 6 a.m. There is a 50% chance of light showers in the area through around 10 a.m. before things dry up again. The skies should turn partly cloudy with a high of 49 degrees and a slight wind from the north at 3 to 5 miles per hour, according to a forecast from the National Weather Service in Boulder.



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