- Priced at an 8.21 Percent Cap Rate Based off June 2018 T-12 Profit & Loss
- Offered at 4.53 Times June ’18 T-12 Room Revenue
- Excellent Location; Located Directly of E-470 Express Tollway in the Southland Shopping District
- Free of Management and Debt
- Less than 15 Miles to Denver International Airport and 11 Miles from the State’s Largest Private Airport – Centennial Airport
Investment Overview:
Marcus & Millichap, as an exclusive representative of the Seller, is pleased to present for sale to qualified investors the Fairfield Inn & Suites by Marriott Denver Aurora/Parker. The offering is a midscale, limited-service hotel, and includes 131 guest rooms located off the heavily traveled E-470 Express Tollway and is located in the Southlands Shopping District. The hotel is located 25 minutes (15 miles) south of Denver International Airport, 35 minutes (24.5 miles) from downtown Denver and 14 minutes from Cherry Creek State Park (7.4 miles). The hotel is located a short driving distance from all of Parker, Colorado major employers and demand generators which include; Majestic Commercenter, a 1,500-acre, master-planned business park (14.9 miles), Aurora Reservoir (2.4 miles), Buckley Air Force Base (8 miles), Parker Adventist Hospital (7.6 miles), Oralabs Inc (8.4 miles), Aurora Sports Park (15 miles) and Rocky Vista University (8.9 miles).
The Fairfield Inn & Suites by Marriott Denver Aurora/Parker is listed at $17.5M or $133,588 per key. Based on the current list price, the hotel offers investors a Cap Rate of 8.21 percent before the completion of Marriott’s mandated Seven Year Refresh PIP.
The Fairfield Inn & Suites by Marriott Denver Aurora/Parker is offered fee simple and is unencumbered by debt and management.
Property Overview:
The Fairfield Inn & Suites is a 131-room select-service hotel located in Denver, Colorado. Built in 2011, this Fairfield Inn & Suites is located in the Southlands Mall which offers easy access to over 100 stores, restaurants, a movie theatre and more. Hotel amenities include an indoor pool, fitness center, business center, coined laundry, and a sundry shop. The hotel also offers guest room amenities such as high-speed wireless internet, a refrigerator, microwave, individually controlled air conditioning units, and flat-screen televisions. There are also two meeting spaces on-site available for rent.
Location Overview:
Denver, Colorado sits slightly northeast of the center of Colorado. The city is approximately 60 miles north of Colorado Springs and 80 miles south of Fort Collins. The Fairfield Inn & Suites by Marriott is located just off E-470 toll road on South Aurora Parkway and East Smokey Hill Road, within walking distance from Southlands Shopping Center (0.5 miles). The hotel is located 18 miles southeast of Denver just a short drive from many of the city’s popular demand generators and attractions like Cherry Creek State Park (6.7 miles), which encompasses over 35 miles of multi-use bike trails. Given the key drivers of the region’s economy which include aerospace, bioscience, energy, financial services, healthcare, aviation, information technology and telecommunications, the city has a multitude of other popular attractions driven by the select economy include Wings Over the Rockies Air & Space Museum (18.1 miles) and the Denver Zoo (25 miles). UCHealth, the parent of The University of Colorado Hospital (15.8 miles) located in Aurora, is the highest ranking of all Colorado businesses on Forbes “America’s Best Employers”. The University of Colorado Hospital and Centura Health (12.9 miles) are some of the cities top employers with Centura Health Headquarters located in Englewood but with offices within walking distance of the hotel. The Centennial Airport (9.9 miles) and Denver International Airport (20.6 miles) are the closest means of air travel from the property. Furthermore, Denver’s economy is expanding, with the annual change in gross metropolitan product (GMP) expected to reach 3.4 percent this year, which brings upside potential to the area.
