Denver’s current economic growth rate is the highest in the nation. With that comes a rapidly growing population, exponential increases in rental rates and real estate prices year over year, skyrocketing demand for properties in coveted locations, and… the best deal yet on nightly rates at a brand new hostel in the heart of downtown. Wait, what? Yes, really, at about the same nightly rate as renting an apartment downtown with a year lease, you can lay your head at Hostel Fish, now open and booking rooms at hostelfish.com.
I, for one, am just about positive that Hostel Fish is going to kill it. At about $45/night for a bed, there is simply no other option downtown even somewhat comparable in price, cool-factor and location. Did I mention the historic building is 2 blocks from Coors Field and 5 minutes to Union Station? Or that Justin Cucci’s newest venture Ophelia’s is on the ground floor and attracting foodies and music-lovers from across the globe to see what it’s about? Or that each bedroom at the hostel was designed by an artist with a unique vision? The whole concept is just different and awesome, and there’s a desperate demand for something like it in Denver. The thing about Denver is that, while it’s becoming so fancy/so trendy/so whatever, it’s the Capitol of this fabulously down-to-earth state that attracts travelers and outdoor fanatics. Fish is just what downtown Denver needs.
The population dynamic in Denver today is interesting, to say the least. Think empty nesters moving to trendy neighborhoods buying up $700K townhomes, mixed with an influx of entrepreneurs eager to make it in the booming pot industry, mixed with recent grads voting Denver to the top of the ‘Where Young College Grads are Choosing to Live’ lists, along with Natives who have been here for decades and are still in shock just watching their city become something it was not as recently as five years ago. This is Denver and this is what’s going on, love it or hate it. And so, amidst the craziness, I think Hostel Fish is going to be incredibly, overwhelmingly successful. Check it out at hostelfish.com or swing by 1217 20th Street. And when it’s booked for months out, don’t say I didn’t warn you.
Kate Olson / Broker Associate