ARVADA, Colo.--(BUSINESS WIRE)--Prescient, a Colorado-based software design, engineering, structural system manufacturing and installation company, was chosen by Continuum Partners to complete the Hyatt House Belmar in Lakewood, Colorado, for Hyatt Hotels Corporation.
“We chose Prescient because they were cost effective and competitive with traditional wood framing,” said Doug Alexander, Continuum Partners’ project director for Hyatt House Belmar. “Their system was faster to erect than all of the other structural options we studied.”
The Prescient system allowed the structure to be erected in only seven weeks, faster than what would be required for traditional wood or concrete framing. Additionally, the Prescient system offers construction companies a faster and cheaper building model using a combination of pre-assembled posts, trusses and panels. The system is ideal for multi-unit structures up to sixteen stories tall, making it a viable choice for hotel projects like the Hyatt House.
“Our system is ideal for hotel construction, as it allows companies like Hyatt to begin generating revenue far sooner than traditional construction methods while also providing a number of cost and quality benefits,” said Satyen Patel, CEO of Prescient.
Prescient, which recently doubled the size of its Arvada headquarters and manufacturing facility, is on track to complete more than 2 million square feet of projects during 2016 in the hospitality, multi-family housing, student and senior housing segments across Colorado, Texas, Florida, Nebraska, Missouri, North Carolina, Illinois and Georgia.
About Prescient
Prescient is a software design, engineering, structural system manufacturing and installation company with an innovative design platform that offers a faster, greener and more cost-effective alternative to conventional building structures. Prescient’s primary market segment is multi-unit buildings including apartments, student housing, senior living and hotels. The Prescient platform is:
- Durable: it will not rot, warp, shrink, split, crack or creep and is resistant to moisture and insect infestation.
- Lightweight: it is easy to handle and is straight, uniform and consistent in quality.
- Strong: cold formed steel has the highest strength-to-weight ratio of any building material, so Prescient meets the highest seismic and wind load specifications with allowable stress values ranging from 21,000 to 33,000 pounds per square inch.
- Fire Resistant: the Prescient system is non-combustible, does not burn or contribute fuel to the spread of a fire and may help secure lower insurance rates.
The company is backed by Kanusul Investments Pte. Ltd., a private equity fund based in Singapore. For more information, visit the company website, Twitter feed or Facebook page.