Denver Developer Plans 7-Story, 168-Room Hotel to Replace Bank Near Colorado Convention Center

Denver Developer Eyes Bank Site for Midrise Hotel
CRE Market Beat Take
Replacing a low-intensity bank branch with a 92,260-square-foot, 168-room hotel increases hospitality density near the convention center, signaling investor focus on well-located urban infill sites.

Developer Jonathon Gandhi is advancing plans to replace a former bank branch at 606 W. Colfax in Denver with a midrise hotel, marking a potential new hospitality project near the Colorado Convention Center. The proposal calls for a seven-story, 168-room hotel on the site, which is currently occupied by a Bank of Denver branch building.

The existing bank structure on the property dates to 1981 and totals 1,226 square feet. Under the current concept, that building would be demolished to clear the site for a new 92,260-square-foot hotel development. The hotel has not yet been branded, and no hotel flag or affiliation is identified in the available plans.

The project is envisioned as a hotel serving Denver’s Civic Center neighborhood, with a program that emphasizes both guest rooms and common areas. Plans describe a 2,260-square-foot lobby, lounge, and breakfast area on the main level, intended to provide check-in, gathering, and dining functions for hotel guests.

Below grade, the design incorporates an 11,480-square-foot basement level. This space is programmed for amenity and operational uses, including two meeting rooms, a fitness center, laundry facilities, and other back-of-house areas to support hotel operations. These features position the property as a limited- or select-service style lodging offering, though the materials do not assign it to a specific chain scale or service category.

The Denver Business Journal is cited as the source outlining the scope of the proposed redevelopment, including the demolition of the existing bank branch and the square footage figures for the new construction and amenity areas. The reporting indicates that Gandhi is pursuing entitlements and approvals for the project, but does not reference a construction start date, completion timeline, or any associated financing details.

Gandhi is described as having more than a decade of experience as a manager of JBK hotels, suggesting a background in hotel management and operations that may inform the design and programming of the planned property. However, the available information does not state whether JBK or any related entity would operate the proposed hotel once completed, nor does it specify the ownership structure for the redevelopment.

The concept, as presented, would introduce new hotel inventory in close proximity to the Colorado Convention Center and Denver’s Civic Center area, replacing a small, early-1980s-era bank building with a substantially larger hospitality use. Further details on project financing, branding, and schedule have not been disclosed in the source material.

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