"Since opening in June, the performance of the hotel has far exceeded our expectations," says Charlie Biederman, one of the owners of the hotel. He says the best way to continue the hotel's success "is by working with Sage Management, a very well-respected, locally owned hotel management company."

Walter Isenberg, president and chief executive officer of Sage, says he is looking forward to working with the existing management team and "build upon the great reputation the hotel has established since opening last year."

The JW Marriott Denver at Cherry Creek is located in the heart of thenew Clayton Lane development at 150 Clayton Ln., developed by the Denver-based Nichols Partnership. The AAA Four-Diamond hotel has 196 luxury guestrooms and suites, more than 5,500 sf of meeting space and Mirepoix, the award-winning restaurant. The 9,000-sf Spa at Cherry Creek recently opened at the hotel.

"We have enjoyed tremendous success and acceptance in the marketplace during our first 10 months of operation," says Bob Trotter, the hotel's general manager. "We believe that Sage is a natural partner for us because of their strong presence in the Denver market. The depth of talent and support they offer is literally across town from us."

As well as a hotel operator, Sage is an employer, developer and investor in hotels. Sage has managed more than 300 properties in 39 states and the District of Columbia.