In The News

New Homes2 Suites Hotel in Denver Financed Through Colorado’s C-PACE Program

Lafayette, CO—Colorado C-PACE today announced that BlackRidge Companies will use C-PACE financing to construct a new Homes2 Suites by Hilton® extended-stay hotel near Denver International Airport. The financing will be used to incorporate various energy-efficiency design features into the 71,065 square-foot facility located at 9193 E. 47th Avenue.

Montana-based BlackRidge Companies, which specializes in the development of hotels and multifamily properties, is the project developer.  Tim Wilson of BlackRidge said, “BlackRidge is excited about our first C-PACE project in Colorado.” He added, “C-PACE financing allowed us to maximize energy-efficient measures and systems throughout the design of the hotel, resulting in a high-performing building that will be efficient to operate which in turn adds value to the asset.”

PDC Engineering, in collaboration with BlackRidge, provided the technical support and analysis necessary to qualify the project for C-PACE financing. Jacob Goodman of PCD Engineering said, “We are happy to have assisted the BlackRidge team in developing an energy efficient, quality product that will deliver low operating costs for years to come.”

Andrew Meyer of Twain Financial Partners, who provided the C-PACE financing for the project, said, “Twain’s financial services combined with the Colorado C-PACE program continues to offer our clients well-structured and financially sound projects, and we look forward to working together on many more projects in the future.”

BlackRidge Companies Receives Developer of the Year Award

BlackRidge Companies is honored to receive Marriott International’s 2018 Developer of the Year Award.  BlackRidge was recognized based on its outstanding accomplishments in the development and performance of its various Marriott branded hotels.

BlackRidge Companies Breaks Ground on The Element in Tukwila, WA

Almost 3.5 acres of vacant land at 345-515 Industry Dr. in Tukwila have sold for $6.2 million, according to King County records.  The buyer was Tukwila Hotel Group LLC, associated with BlackRidge Companies of Bozeman, Montana, which is planning a five-story, 177-room Element hotel.  The seller was Myong & Young LLC, which acquired the property in 2013 for a little over $2.5 million.  Jason Rosauer, Rob Anderson and Thad Mallory of Kidder Mathews represented the seller. The deal was worth about $41 per square foot. The property had been listed for well over a year.  The site is a little west of the Green River, and east of Westfield Southcenter Mall. The city of Tukwila approved the hotel project last year. A day spa was previously considered for the site.

Johnson Braund designed the L-shaped building. Key Construction will be the general contractor. The team also includes Barghausen Consulting Engineers, civil; JGM Landscape Architects; and Robinson Engineering, MEP. There will be surface parking for about 177 vehicles, plus various guest amenities. BlackRidge intends to start construction next month, with completion in November 2020.

Privately held BlackRidge specializes in hotels and multifamily development. It’s active in the Mountain West, Midwest and South. The Element is its first project in this state.  The project is variously called Element by Marriott and Element by Westin; the Marriott and Westin brands are now both under the same umbrella, following the 2015 merger of Marriott and Starwood Hotels & Resorts.

The Southcenter-Tukwila area has lately seen an uptick in hotel development. The 19-story, 185-room Hotel Interurban opened last year, and is now the city’s tallest building. It also includes 371 apartments. A 92-room Tru by Hilton is also being planned nearby.

Holiday Inn Portland West – Hillsboro, Oregon Opens

The new custom designed 110-room hotel is located at 2575 NW Aloclek Drive in the heart of Portland’s “Silicon Forest.” The hotel features free Wi-Fi, fitness center, indoor pool and spa, 1,390 square feet of meeting space and a full-service restaurant, The Boardroom Bar & Grill.

 

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Wyoming Cowboy Charm: Fairfield Inn and Suites Downtown Cheyenne

When your travels take you to Wyoming, the newest hotel in this western town is the Fairfield Inn and Suites Southwest/Downtown Cheyenne. But don’t let the brand name fool you; this Cheyenne hotel embraces its Western roots, with an enchanting dash of Wyoming Cowboy charm.

Fairfield Inn Cheyenne Lobby

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Fairfield Inn & Suites Cheyenne Southwest/Downtown Area Opens

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InterMountain Management is excited to announce the opening of the Fairfield Inn & Suites Cheyenne Southwest/Downtown Area in Wyoming.  The hotel is located at 1820 West Lincolnway.

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Upscale Apartments Open in Tulsa’s Largest Suburb

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Upscale Apartments Open in Tulsa’s Largest Suburb

Broken Arrow, OK – Creekside Apartment Homes, a $30 million, 248-unit Class A apartment home community, is now open in Broken Arrow, Tulsa’s largest suburb. Located on 15 acres at the corner of E. 51st St. S. (Omaha St.) and S.145th E. Ave (Aspen Ave), BlackRidge Companies, headquartered in Montana, is the owner of this new luxury multifamily project in northeast Oklahoma.

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BlackRidge Companies Breaks Ground on 110-Room Holiday Inn Hillsboro, OR

Holiday Inn FrontPRLog – July 1, 2015 – HILLSBORO, Ore. — BlackRidge Companies, a Montana-based real estate investment and development firm, has commenced construction on the Holiday Inn in Hillsboro, OR. InterMountain Management, LLC will provide management services. Holiday Inn is one of the world’s most recognized hotel brands with a global reputation for service, comfort and value.

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BlackRidge Companies Breaks Ground on Fairfield Inn & Suites in Cheyenne, WY

BlackRidge Companies, a Montana-based  development firm, has commenced construction of a Fairfield Inn & Suites by Marriott in Cheyenne, WY.  Key Construction, based in Wichita, KS will serve as General Contractor, and InterMountain Management LLC will provide management services.  The Fairfield Inn & Suites Cheyenne is designed for today’s traveler looking to be productive on the road, whether for business or leisure.Rendering

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BlackRidge Companies Breaks Ground on $30 Million Project

BlackRidge Companies Breaks Ground on $30 Million Project

Bozeman, MT – BlackRidge Companies, a Montana-based, developer has broken ground on a new multifamily project in northeast Oklahoma. Creekside Apartment Homes, a $30 million, 248-unit Class A luxury apartment home community is underway in Broken Arrow, Tulsa’s largest suburb.

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