Gaylord Entertainment plans to develop a resort and convention hotel in Aurora, Colorado, less than a 10-minute drive from Denver International Airport and 25 minutes from downtown Denver. The company expects the resort to be open for business in mid-to-late 2015. According to Gaylord's research of major meetings markets, planners rate the Denver metropolitan area as a Top 10 destination.
The project is expected to cost about US$800 million and will be funded by Gaylord, potential joint venture partners and tax incentives provided by the city of Aurora. Under this agreement, the city pledges to collect virtually all of the new taxes generated by the Gaylord Resort and Convention Center and reinvest them into the project. Components of the financial plan will require agreement by additional local jurisdictions and selection by the State of Colorado as a recipient of funds from the recently enacted Regional Tourism Act.
During the next 12 months, Gaylord will continue to work with city, county and state officials to secure the necessary approvals required for the incentive plan and for construction to commence. Gaylord hopes to break ground on construction in mid-to-late 2012.
The property is expected to initially feature1,500 guest rooms, 400,000 square feet of exhibition and meeting space and a dramatic atrium setting offering panoramic views of the Rocky Mountain vista.