Block 22, LLC - which has long owned the Grove Hotel in Downtown Boise, is bulking up. The owners have purchased the boutique Hotel 43 and business class hotel Courtyard by Marriott Downtown Boise.
Hotel 43 & Courtyard are being sold by Cameron S-Sixteen - a group fronted by the Simplot family.
The move will put a total of 524 rooms in Block 22's hands - as it works to compete in a rapidly changing hotel environment downtown.
Late this month, Inn at 500 Capitol will start the room boom with a 7-floor hotel with 104 rooms. In at 500 competes in Hotel 43's boutique space. Next year, Residence Inn by Marriott will open and add 186 rooms to the inventory picture - while Hyatt Place will bring another 152 rooms to the party. A Hilton Garden Inn and unspecified hotel on Front St. are also in the works. It all adds up to a changing, and more competitive market for hotel rooms.
For now, Block 22 doesn't plan any big changes at Hotel 43 or the Courtyard.
“The names and brand affiliates will remain the same and we are excited to continue a long, mutually beneficial relationship with Chandlers Steakhouse," Block 22's John Cunningham said in a prepared statement. “Both properties perform well financially, have been renovated within the last few years."
A remodel of the entry and dining area at Chandlers is planned, as BoiseDev exclusively reported earlier this year. Cunningham confirms that plan will continue - and says preliminary work is already under way.
The Greater Boise Auditorium District, which collects a tax on all room nights in its boundaries - including each of these properties, says the move is a positive one.
“Being able to access over 500 rooms with one call is definitely a plus for any meeting planner that would consider Boise,” GBAD Executive Director Pat Rice said in a prepared statement. “I’m excited about this strategic move.”
GBAD has long wanted to be able to book a large block of rooms together for large conferences. Gardner Co. had originally planned to build a pair of hotels at Parcel B that would have gotten to that goal - but retrenched and decided to build an office building and a smaller hotel instead.
In addition to the Grove, Block 22 also owns the attached CenturyLink Arena and minor-pro hockey franchise Idaho Steelheads.