Bruce Rahmani, owner of Colorado Hospitality Services, had been running the struggling downtown hotel at 701 8th St., since its former owners, Penta Hospitality of San Jose, Calif., walked away from it last winter and let it go to foreclosure.
paid a cool
$1.7 million -- less than half its last sales price -- for the hotel that he
had named the Plaza Hotel.
There were no bidders on the hotel at its April 21 foreclosure sale.
said it will return under the Clarion flags as the Clarion Hotel and Convention Center
admits, the hotel's troubled past was cause for concern, from prior complaints on service to the loud whistle that's blown every time a train passes through town.
"It has just a negative reputation, and everyone's hesitation to give it a chance, it worried me," Rahmani
, who has owned hotels and restaurants in Denver for many years, has ambitious plans to turn the struggling property into one focused on customer service and affordable pricing on everything from a $5 lunch to almost-free wedding packages to $79-a-night rooms.
"The convention center is the key," Rahmani
"I have hotels in Denver, and most of us live on the convention business."
has to do little to get the hotel into mint physical condition, he
does plan to expand the hotel's business center, and add an exercise room and guest laundry, in addition to offering complimentary Internet service throughout the building.
"We want people to support this," Rahmani
"Our hope was that there would be a local group of investors who would pick up the hotel, because they know the Greeley market, so this will be next best thing," MacQuiddy said, adding that Rahmani is a graduate of the University of Northern Colorado.