Author: Wayne Heilman
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‘Four-diamond’ hotel planned at Air Force Academy
A Denver area-based hotel management company envisions a hotel to be built adjacent to the Air Force Academy’s planned new visitors center as a “one-of-a- kind iconic property” that will pay tribute to flight. André Fournier, executive vice president of CoralTree Hospitality, which will manage the 375-room hotel, said the company hopes the hotel will…
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Colorado Springs hotel occupancy a record for December
It appears to have been a happy holiday season for Colorado Springs hotels, with December’s occupancy rate hitting a 31-year high. The 51.8% occupancy rate in December broke the record of 50.5% set in December 1996, according to the Rocky Mountain Lodging Report, an industry publication. December’s rate was up from 36.2% a year earlier,…
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Bonds issued for new Air Force Academy visitors center, hotel
Bonds to finance construction of a new Air Force Academy Visitor Center and an adjacent hotel were sold Monday, allowing construction to begin on the 57-acre project within two months, city officials said. The $325 million sale by RBC Capital Markets is a key milestone in the final and most expensive of five City for…
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Latest wing of Colorado Springs senior complex opens after construction delays
The final wing of a northeast Colorado Springs senior housing complex is open — but not before construction delays forced the owners to get creative in finding a place to house some of its early residents. Melody Living was scheduled to open the independent living wing of its senior housing complex in November, but delays…
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Bonds issued for new Air Force Academy visitors center, hotel
Bonds to finance construction of a new Air Force Academy Visitor Center and an adjacent hotel were sold Monday, allowing construction to begin on the 57-acre project within two months, city officials said. The $325 million sale by RBC Capital Markets is a key milestone in the final and most expensive of five City for…
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Colorado Springs government contractor on verge of major expansion
Colorado Springs-based Apogee Engineering finished 2021 on a high note by winning government contracts totaling more than $225 million, including through joint ventures. And this year could be even better if the company lands two major contracts in coming weeks. The government contractor hopes to win a pair of contracts from the Department of Homeland Security’s…
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Colorado Springs company testing hail detection device for major insurer
A Colorado Springs-based startup is looking for the skies to open and the hail to fall. Hailios will be testing its hail monitoring device in up to 20 neighborhoods in Colorado Springs, Denver and Dallas with a major insurer that will use it to offer a new type of hail insurance. The startup developed the…
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Navakai owner sold to investment firm headed by Hyatt heir
Ntiva, the Virginia-based information technology company that acquired Colorado Springs IT provider Navakai in October, now has a new owner as well. PSP Capital, an investment company owned by former Commerce Secretary Penny Pritzker, joined with Ntiva’s senior management to acquire the company. Terms of the transaction were not disclosed. Ntiva operates Navakai as its…
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Colorado Springs Airport passenger numbers surge to 13-year high
The arrival of Southwest Airlines at the Colorado Springs Airport lifted passenger numbers last year to a 13-year high. The 935,952 passengers on outgoing flights in 2021 was up more than 150% from 2020, when air travel nearly came to a stop in the early months of the COVID-19 pandemic before slowly recovering the rest…
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Venture capital surges to record levels in Colorado Springs, state and U.S.
Investments in startup companies surged to record levels last year in Colorado Springs, the state and the nation, according to a report . Most of the $208.9 million invested in Colorado Springs startups last year went to Quantum Metric, which landed a record $200 million in January 2021 to make the company the first local…