Industry NewsHyatt Place Keystone Selects Crestline Hotels & Resorts as Manager

Hyatt Place Keystone Selects Crestline Hotels & Resorts as Manager

FAIRFAX, Virginia—Crestline Hotels & Resorts, LLC announced it has been selected to manage the 103-room Hyatt Place Keystone in Colorado. This contemporary hotel is in Arapahoe Basin adjacent to Keystone Resort. Located 70 miles from Denver, the Hyatt Place Keystone also offers three conference rooms totaling 2,187 square feet of event space plus 2,252 square feet of outdoor patio space.

“The Hyatt Place Keystone is a gem in the Rockies,” said James Carroll, president and CEO of Crestline Hotels & Resorts. “Its location offers year-round recreation and amenities that provide guests with a range of outdoor activities to suit all tastes. We look forward to bringing our signature guest service to this beautiful destination.”

The hotel is owned by an affiliate of Dallas-based Realty Capital Partners, LLC. “We knew this hotel was special from the first day we set our eyes on it,” said Blake Lugash, CEO of RCP. “We’re thrilled to bring in Crestline to continue providing our guests with the top-quality experience we expect at the hotels we own while optimizing the property’s performance potential.”

Murphy Asset Management conducted a management company selection process to help Realty Capital Partners choose the best operator for this property. Steve Steinberg from Murphy Asset Management said, “We ran a competitive process getting feedback from some very good hotel operators. We elected Crestline because of their proven track record in this region.”

Each of the hotel’s guestrooms has a Cozy Corner with a work desk and sofa. Additional in-room amenities include a flat-screen HDTV, a minifridge, a coffeemaker, and skin and hair care amenities from KenetMD. Guests may also choose from 17 suites with a bedroom and two bathrooms. The Hyatt Place Keystone offers a hot breakfast each morning at the Breakfast Bar, and throughout the day, guests may purchase dining choices from The Placery. There is also a 24/7 Espresso Bar with Starbucks espresso roast and several full-service restaurants nearby. The hotel offers a shuttle to Keystone Mountain Resort, outdoor hot tubs, a 24-hour gym, and WiFi.