Work due to resume early next year on Glenwood lodge
Work on a Glenwood Springs hotel and condominium project is scheduled to begin early next year, after having been put on hold earlier this year by high construction costs.
Groundbreaking on Roaring Fork Lodge, which will consist of more than 100 hotel rooms, 40 condominiums and a convention center and ballroom holding 300 to 400 people, is planned for the first quarter of the year, Roaring Fork Lodge, LLC, says on its Web site.
Project developers could not be reached for comment Wednesday, but Glenwood Springs Mayor Bruce Christensen said word of the project’s revival is “great news.”
“Obviously we’d like to see the project completed. We have a need for quality hotel rooms,” he said.
Glenwood Springs is headed toward a mini-boom in hotel construction at a time when development in the region is slowing down. At its last meeting, the City Council approved a 124-room Marriott Residence Inn and a 101-room Marriott Courtyard at the Glenwood Meadows development in west Glenwood Springs.
Christensen called the plans for the three hotels a “very good sign that people are seeing that Glenwood’s going to continue to be attractive for visitors in the future.”
It also comes after two older Glenwood Springs motels were razed this year to make room for three new Vista Auto Group car dealerships, only to have Vista recently drop its plans in part because of the weakening economy. Vista is trying to sell the two adjacent parcels where the motels were located.
Until recently, a large amount of oil and gas drilling and housing and commercial development had driven up labor and material costs for construction projects in Garfield County. But a slowdown in those sectors is causing such costs to moderate.
“It’s a good time (to build), if someone can get some financing, because the construction industry has slowed down and there are workers available,” Christensen said.
Roaring Fork Lodge, LLC, reportedly had been talking to hotel management firms to try to find a partner. In a newspaper advertisement this week announcing it was taking reservations for condo purchases, it said the Roaring Fork Lodge will be operated by Denver-based Magnolia Hotels.
The privately owned hotel management and development company has locations in Dallas, Houston and Omaha as well as Denver.