Century Casinos to restore historic Palace Hotel

Published on : Saturday, August 6, 2016

Palace HotelCentury Casinos has decided to restore the historic Palace Hotel located in Cripple Creek, converting it into a 30-room boutique hotel with a view to provide additional rooms in the region.

 

This company based in Colorado Springs has decided to invest $5 million in order to expand the hotel building that is 120 years old. It would go about this task by adding 30 rooms to the originally existing 21 rooms that are supervised by the Century Casinos, according to Eric Rose, general manager, Century Casino & Hotel.

 

When it is opened the following year, the Place Hotel complex would comprise a rooftop lounge, spa, coffee shop and an atrium on the ground floor. The hotel is present across First Street.

 

Eric Rose said that Century Casino has tasted success with the 21-room hotel since the last few years. However, of late, there is an urgent requirement for more rooms in Cripple Creek to boost tourism as well as gaming industries. He added that the strategic location of the hotel in the central part of Cripple Creek would be a great value-addition for the city.

 

Century Casino aims to commence with the restoration work during the fourth quarter of next year. However, Peter Hoetzinger, Co-CEO of Century Casino said that the city’s planning department as well as the Historic Preservation Commission of Cripple Creek should approve all the plans of the restoration project.

 

Renee Mueller, historic preservation and planning coordinator of the city stated that Palace Hotel is one of the most important historic buildings that is still in its original, unaltered condition in Cripple Creek.

 

During the early 1890’s, the Palace Hotel was built of wood and sheltered a drug store of the city. Thereafter, it was converted into a hotel in the year 1892. Then, a fore had destroyed the hotel. However, it had been rebuilt in the same year.

 

In the year 1992, the hotel transformed into a casino following 10 months after gambling was legalized by the voters in Cripple Creek, Black Hawk and Central City. U.S. Bankruptcy Court was protection was sought by the gaming hall during 2001. But then, it was closed after four months.

 

For 14 years, the building was completely vacant.

 

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