The Hyatt Hotels Corporation has recently announced that it has entered into agreements with DiNapoli Capital Partners affiliates along with Rockwood Capital to begin construction on a luxury hotel in the Cherry Creek area of Denver. The franchise agreement will result in almost $10 million invested in the property to develop the hotel.

The hotel will feature around 194 rooms, a fitness center, complimentary hot breakfasts, and one of the most significant additions to the Cherry Creek area: a meeting space decked out with the latest high-tech features that can be used for a number of flexible functions. The hotel will also feature easy access to the Cherry Creek Mall along with the Cherry Creek retail district. This state of the art meeting area will help attract business to Cherry Creek and show off the community’s upscale features to hotel visitors along with putting money into the local economy. Making Cherry Creek a popular meeting place will help put the community on the map, opening the doors for more to see all that the neighborhood has to offer.

The location of the luxury hotel does not come as a surprise, as Cherry Creek is no stranger to upscale developments. Cherry Creek has emerged as a popular location for upscale houses and other commercial developments. The average home price in Cherry Creek right now is around half a million, but you won’t have to try very hard to find houses over the one million mark. Even those looking for houses well under this price point are often drawn to the area, as owning property in an upscale area adds to its value. Luxury areas want to maintain this status, and so you know that you are investing in a property whose community is invested in itself—community grounds will be kept nice and tidy while schools will be top notch. And don’t forget the luxury amenities. If shopping at Tiffany & Co or Coach is your cup of tea, then you won’t have to travel far from home to go shopping. Cherry Creek’s shopping centers have much more to offer as well.

Whether you are looking for a charming Victorian or a sophisticated modern home, Cherry Creek has lots to offer you. If you are interested in buying Cherry creek homes for sale or in listing your own Cherry Creek home, consider using an experienced PorchLight real estate agent to help you find the home of your dreams.

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