A Colorado town that has experienced an economic boom due to its casinos will soon see the construction of a hotel that will be built by one of those casinos.
Plans have been announced for the building of a 150-room hotel that will belong to Triple Crown Casinos. That company is both based in Cripple Creek and also operates three casinos there.
The hotel is expected to cost at least $40 million to build and will go up in the vicinity of the Bennett Avenue casinos that are run by Triple Crown.
Reflecting continued visitor growth, the new hotel will be built several blocks away from another hotel, this one also with 150 rooms, that is being built by Full House Resorts, Inc., of Las Vegas.
Work is expected to begin next spring on the new five-story hotel, which will include more than 5,000 square feet of meeting space, a rooftop restaurant, lounge, coffee shop, and fitness center, among other features.
The new hotel, scheduled for completion in the spring of 2020, will be attached to a parking garage already owned by Triple Crown.
In a statement, Larry Hill, chief executive officer of Triple Crown, said the new hotel will “help Cripple Creek take the next step in becoming more of an overnight destination for regional and tourist markets.”
Located 112 miles to the south of Denver, Cripple Creek is a former mining town whose voters approved legalized gambling in 1991, eventually ushering in the opening of more than half a dozen casinos.
By Garry Boulard
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