Marriott International's Moxy brand is coming to Denver for the first time as part of the deal, and construction is already underway. The hotel is anticipated to open mid-2017.
Vision Hospitality Group of Tennessee will manage the hotel, which is being built by GE Johnson and designed by architect Johnson Nathan Strohe.
When finished, the 170-room property is one of three new developments from BMC Investment coming to Cherry Creek North. Last year, BMC opened the Steele Creek luxury apartment complex.
"This is a really important project for Cherry Creek because it will allow travelers who have historically been priced out of this area to enjoy all of the incredible amenities it has to offer," said Matthew Joblon, CEO of BMC Investments. "We are committed to delivering a space that our neighboring community will love as much as our hotel guests. This project is unlike anything Denver has ever seen in the hospitality space."
Marriott's Moxy brand was launched in Europe in 2013, and has hotels in New Orleans and Tempe, AZ, as well as Milan, Munich and Frankfurt.