Growth in the Denver Metro area has been exponential in the past 10 years. We’ve seen countless apartment complexes, industrial parks, and even entire neighborhoods enter the market. Denver has the highest pace of hotel construction in the United States. The result? National investors are demanding more.
In 2019, Denver is projected to complete 5.1% of the hotel markets overall supply. One of the higher ratios in development in recent years. The most notable property being the Gaylord Rockies in Aurora. The Gaylord Rockies is home to 1,500 rooms, eight restaurants, a waterpark, and 485,000 square feet of convention center space.
‘The project has already had a large impact on the local economy: creating 10,000 construction jobs. Now, the resort will employ about 2,500 people as regular workers. The Gaylord Rockies is expected to bring more than 2 million visitors to Aurora over the first several years. More than 1.1 million room nights are already booked.’ – KDVR
The biggest shock surrounding the development of the Gaylord Rockies is the location. Minutes from the isolated, Denver International Airport, the Gaylord Rockies stands alone. Surrounded by vacant land and incoming development from the south. Massive expansion is anticipated in the surrounding area, although currently baron.
While the Denver Metro Area continues to expand and grow, so does our economy, population, and infrastructure. Denver is shredding its reputation as an oil and gas town and is becoming even more economically diverse. The Gaylord Rockies, is projected to bring 7 billion dollars into Colorado’s economy over the next 5 years. Denverite’s can only wonder, what will happen next?