New exterior at the Broadmoor is part of the $60 million renovation project. Photo by Mic Garofolo

The Broadmoor’s new owner, Denver billionaire Philip Anschutz, will spend $60 million to renovate the iconic hotel and resort.

The renovation work will extend over the next two years in a multi-phase project that includes the expansion and redesign of guestrooms and suites and extensive updates to food and beverage outlets and meetings, events and activity facilities.

“After many months of planning, we are extremely pleased to embark on this multi-faceted renovation,” said Steve Bartolin, The Broadmoor president. “The designs perfectly complement The Broadmoor’s classic ambiance, refinement and original grandeur.”

In May 2012, the first phase of renovations was completed. This included the re-opening of the Southlake building guestrooms and suites and a new look for Cheyenne Lodge, one of The Broadmoor’ meeting and event facilities. The Southlake building now boasts a new exterior and landscaping, new entry vestibules, 16 new patios and 21 newly renovated rooms.

Anschutz bought the Oklahoma Publishing Company, the company that owned The Broadmoor, last September. He had been interested in The Broadmoor Hotel for years. He first visited the hotel with his father when he 5-years-old.

The Oklahoma Publishing Company had not been up for sale. But, when Anschutz made an offer to its chairman and CEO Christy Everest, she felt compelled to take it to the privately-held company’s share holders. Her family owned that company since 1908. In 1988 the company acquired 100 percent of The Broadmoor.

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The Broadmoor’s 6,300 square-foot Cheyenne Lodge, which has both indoor and outdoor conference and event space, has a new look that features rustic exterior with timbers and split logs.

Originally designed as a “rest” chapel by Julie Penrose in 1918, the historic Pauline Chapel, located across from Broadmoor West, has been restored. Non-denominational services are held every Sunday. The chapel is also available for weddings.

The next phase of the project, which is expected to be completed by April 2013, includes the Tavern’s Garden Room, which will be rebuilt with a European conservatory feel; the Golden Bee, a popular watering hole for locals will be expanded, almost doubling in size and will be reminiscent of a 19th century London pub; and an activity center in the Broadmoor West will feature bowling lanes, billiards, board games and food.

In 2014, work includes the West Lobby Bar, a new Italian restaurant and expansion of rooms in Broadmoor West.