IN THEIR BUSINESS: News and notes from the business community

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Hotels change hands

Stonebridge Companies, a privately owned hotel owner, operator and developer headquartered in Denver, has assumed management of three metro Denver Hyatt properties, according to a news release.

Adding to the company’s list of 60 hotels nationwide are the 135-room Hyatt House Denver Tech Center, the 126-room Hyatt Place Denver Tech Center and the 127-room Hyatt Place Denver-South/Park Meadows.

With the addition of the managed Hyatt properties, Stonebridge Companies now owns and/or operates 30 hotels across Colorado. Stonebridge Companies also recently celebrated the opening of The Jacquard Hotel & Rooftop, in Denver’s Cherry Creek neighborhood. The firm is also developing a dual-brand Hilton property in downtown Denver featuring both a Tru by Hilton and a Home2 Suites by Hilton, planned to open in late 2019.

New location for fitness center

Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers in the United States, has opened its first location in Castle Rock.

The locally owned and operated club opened Jan. 29 at 100 Founders Parkway at Milestone Center and is locally owned and operated by Jason Jost.

Planet Fitness will celebrate its grand opening at 5 p.m. Feb. 21 with a ribbon cutting and a check presentation of $3,000 from Planet Fitness to the Help & Hope Center of Douglas/Elbert County. Leading up to the ribbon cutting, Castle Rock Planet Fitness will collect toiletries and non-perishable food donations to give to the Help & Hope Center.

The new Planet Fitness is 20,000 square feet and will be open and staffed 24 hours a day, seven days a week.

Center sold

A private entity from Southern California has purchased the Southfield Center, a 75,940-square-foot mixed-use center (retail and office) at 12201 E. Arapahoe Road in Centennial, according to a news release.

The sale closed Feb. 1 and sold for $11.77 million. Jon D. Hendrickson and Aaron D. Johnson, managing directors of Cushman & Wakefield Denver’s Capital Markets Group, represented the seller in the transaction.

Southfield Center consists of three buildings and was originally constructed in 1985. At the time of sale, the property was 76 percent leased to 26 tenants. Buildings A and B consist primarily of restaurant, retail and service-based businesses, while Building C offers space to office and flex users.

Franchise extends reach

StretchLab, an assisted-stretching franchise, recently announced plans to open five locations in the Denver area, including a studio in Parker.

“Denver is filled with individuals that put a large emphasis on their health and wellness routines, which makes it an ideal market to continue expansion of StretchLab’s national presence,” Lou DeFrancisco, president of StretchLab, said in a news release. “With the addition of these studios, we are looking forward to educating local consumers on the benefits of including assisted stretching in their health rituals.”

At StretchLab, clients work one-on-one with highly trained Flexologists in an open, modern and friendly environment to increase mobility and flexibility and achieve a deeper, more advanced stretch than one can get on their own, the news release says.

For information about the StretchLab locations in and around Denver, go to www.stretchlab.com.

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