Sage Hotel Management Adds Denver’s Source Hotel + Market Hall to Independent Properties Portfolio
DENVER – Sage Hotel Management, a Sage Hotel Group today announced that it has taken over management of The Source Hotel + Market Hall, a 100-room hotel and collection of retail spaces housing a range of independent retail and dining concepts in the heart of the thriving artsy River District North (RiNo) in Denver.
The Source joins the Sage Independent Hotel Collection, which includes 13 other independent properties, including Catbird and The Rally Hotel, both in Denver, and Hotel Per La in downtown Los Angeles, with more to be announced in the months coming. Recently acquired for $61.9 million by Stockdale Capital Partnersa vertically integrated real estate investment firm based in Los Angeles, the property will undergo renovations and upgrades in the coming months.
“The addition of The Source Hotel + Market Hall to our growing independent portfolio and the start of a new business relationship with Stockdale Capital Partners is a great representation of our journey to becoming the undisputed lifestyle hotel company from the country”, said Daniel del Olmo, president and chief operating officer of Sage Hotel Management. “Over the past few years, we have meticulously built our team with experts in luxury, lifestyle and independent hospitality – from operations, to sales, to marketing and revenue, and everything in between. now have over 170 talented and passionate team members at our headquarters who are eager to deliver meaningful results to our owners and investors, while enriching lives, one experience at a time.We look forward to realizing the full potential of this unique experience at RiNo Denver while bringing a new holistic perspective to the overall concept.
Opened in 2018, The Source is home to some of Denver’s most renowned dining destinations, including Safta, SMOK BBQ, Reunion Bread Co., and Temaki Den; a rooftop pool, 5,575 square feet of event space, fitness and business centers, 44,000 square feet of on-site food and beverage, and retail in adjacent market halls . Sage Hospitality Group will work with Stockdale Capital Partners to build on the success of The Source with significant property investments to refresh hotel rooms, enable the lobby experience, create additional revenue streams in the retail space and more.
“The Source is an exciting addition to our portfolio of hotels across the country, and we are delighted to be working with an operator like Sage,” said Bill Doak, managing director of hospitality at Stockdale Capital Partners. “Their long history in the industry and their incredible experience in Denver, coupled with their understanding of creating unforgettable hotel experiences, made them the ideal fit for this asset. We look forward to working together to build on the success of the property and take it to the next level.
Sage Hotel Management welcomed 75 new partners as part of the transition. To learn more about Sage Hotel Management and its expanding portfolio of nearly 60 independent, luxury, lifestyle, soft brand and upscale hotels from coast to coast, visit www.sagehospitalitygroup.com.
About Sage Hospitality Group
Founded in 1984, Sage Hospitality Group is a Denver-based hotel management, investment and development company comprised of four distinct companies: Sage Hotel Management, Sage Restaurant Concepts, Sage Investments and Sage Studio.
- Sage hotel management is a passionate group of accomplished industry veterans who have led the way in defining experiential hospitality while maintaining a reputation as top-notch operators and consistently delivering results. With a diverse portfolio of nearly 60 hotels across the United States, Sage Hotel Management is deeply invested in managing independent, luxury, lifestyle, soft brand and upscale hotels from coast to coast. the other.
- Sage Restaurant Concepts, founded in 2005, has nearly 50 restaurants, bars, entertainment venues and cafes in 13 states across the country. Comprised of seasoned restaurateurs and innovators, SRC is committed to consistently creating exceptional experiences that forge a connection with guests and believe in the power of impacting lives through hospitality.
- Sage Studio is the internal vision and creative team behind what Sage has long been known for: creating places people want to go, not through. Sage Studio is dedicated to creating spaces that combine creativity and ingenuity to usher in a new standard in hospitality. From restaurants and branded hotels, to soft brands and independent properties, Sage Studio creates brands rooted in concise and exciting messages that allow these businesses to tell their unique story.
- Wise Investments brings a deep understanding of markets and risk to the business, earning Sage the reputation of not only being a great operator, but also a formidable and determined investment partner. Whether investing for the short or long term, Sage Investments strives to achieve outsized returns for its partners by finding and adding value in unique and exclusive ways.
To learn more about Sage Hospitality Group and its companies, visit sagehospitalitygroup.com.