After years of false hopes and false starts, a planned Gaylord resort and convention center is finally proceeding in the Denver metro area, according to Marriott International, which announced today that it has simultaneously obtained a $500 million loan from Wells Fargo Bank and entered into a construction contract with builders Mortenson Construction and WELBRO Building Corp. Together, the loan and contract will enable Marriott to proceed with construction of the Gaylord Rockies Resort and Convention Center in Aurora, CO, due east of Denver.
"I am extremely pleased that the financing for the project has closed and major vertical construction is underway," said Ira Mitzner, president of RIDA Development Corp., the project's developer. "The partnership would like to recognize the efforts of the City of Aurora, led by Mayor Steve Hogan and the State of Colorado, for their tireless partnership in bringing the Gaylord Rockies Resort and Convention Center to fruition."
Plans for the Denver resort were pronounced dead in September 2012, when Marriott acquired Gaylord Entertainment's Gaylord Hotels brand. The following May, however, Marriott announced its intention to proceed with the planned project. Originally scheduled to open in 2017, the 2 million-square-foot property is now slated to debut in late 2018 with 1,500 guest rooms and 400,000 square feet of meeting and exhibition space.
"We are thrilled to welcome the Gaylord Rockies Resort & Convention Center," said Marriott International Group President Dave Grissen. "Adding a western group destination of this scale to Marriott's portfolio allows our sales teams to leverage existing group business demand into the property and create new demand in the market with meetings customers who have never considered Colorado for their events."
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