Wildwood Casino this week announced the construction of the $14 million Wildwood Hotel, which officials hope will help address Cripple Creek’s room shortage.

The Cripple Creek casino expects to break ground on the 104-room hotel May 15, with a grand opening currently planned for spring or summer 2020, according to a news release issued by Wildwood Casino.

The hotel will be adjacent to Wildwood Casino, connected by a heated porte cochere to give guests convenient access throughout the year.

“Everyone in Cripple Creek knows the town needs more hotel rooms. It’s been an ongoing issue that’s kept the town from achieving its full potential,” Wildwood Casino owner Joseph Canfora said in the release. “While there have been other projects announced recently, we are thrilled to say we are 100 percent financed for the project and expect to be open before anyone else.

“Our goal was to design a hotel that provides a superior experience but at a price point that is affordable for the average visitor,” he added. “Some of our competitors have set lofty room rates which might be out of reach for the average customer, resulting in a lot of empty rooms.”

Designed by Colorado Springs architectural firm Comstock & Associates, the new hotel will offer historic charm with a modern touch, casino spokeswoman Mackenzie Spillane said.

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“Mr. Canfora had a clear vision of what he wanted,” said Doug Comstock, president of Comstock & Associates. “We combined his vision with our extensive expertise and our familiarity with the Colorado Springs market to design a beautiful structure that fits in with the historic look and feel of Cripple Creek while still delivering all the modern amenities.”

The new hotel will have 10 high-roller suites, four of which will be convertible hospitality suites. Combined with the 1,000-square-foot multi-purpose space, this will add much-needed meeting venues to the town, Spillane said.

The hotel will also feature a multi-use lobby with a double-sided fireplace, along with a functional rooftop that can host events for up to 100 people.

Wildwood Casino also plans to rebrand its current hotel, Gold King Inn, as the Wildwood Inn. The current hotel underwent extensive renovations and now has a fully remodeled lobby and updated rooms.

Wildwood Inn will serve as additional hotel space and will offer accommodations for overnight bus groups.