Prestigious Brand Affiliation with Significant Upside Potential: Between 2017 and 2019, the subject property achieved an average revenue of over $3.67M and has consistently outperformed the market RevPAR. The current owner has pridefully maintained the property and expects that the Property Improvement Plan (PIP), as mandated by Marriott, will include few renovations and deferred maintenance. A highly sought-after brand such as Marriott makes this hotel the perfect candidate for a long-term acquisition strategy that can yield significant returns.
Prominent Location Near Denver International Airport: The subject property, located in Denver-Aurora MSA near Interstate 70 and Peña Boulevard, is 15 miles from the Denver International Airport. Perfectly positioned to capitalize on room demand created by the 65 million travelers who visit Denver International Airport annually.
The TownePlace Suites By Marriott Brand: Marriott International Inc is a leading global lodging company with more than 6,700 properties across 130 countries. TownePlace Suites by Marriott features compelling economics and strong performance in average daily rate (ADR), occupancy, and extended-stay occupancy. The brand also appeals to owners, franchisees, and investors looking for an excellent growth opportunity. Backed by Marriott’s robust demand generation engines and featuring the best Extended Stay sales tools in the industry, TownePlace Suites expected to perform well. The prototype features spacious suites with full kitchens and large public spaces, creating a comfortable atmosphere for travelers in drive-to-markets.
Unencumbered Offering: The Property is offered Fee Simple, and unencumbered by management and debt.
Property Description:
The Towneplace Suites Denver Airport at Gateway Park is an 99-room, four-story hotel, constructed in 2012 as a Leed Silver property. The upper-midscale, extended-stay hotel features an indoor swimming pool, fitness center, and an outdoor patio and barbecue space. Other amenities include a business center, conference room, breakfast area, and community-wide wireless internet. All spacious guest rooms offer a flat-screen television, refrigerator, microwave, and work desk, with suites offering kitchenettes and separate living rooms.
Location Highlights:
Denver Zoo: The Denver Zoo is an 84-acre non-profit campus housing 3,000+ animals across 100 different buildings. The Denver Zoo has more than 2.2 million visitors annually is located only 10 miles from the hotel.
Children’s Hospital Anschutz Medical Campus: Located 4.2 miles from the hotel, the Children’s Hospital has 434 beds and provides comprehensive pediatric specialties and subspecialties for patients who are 0-25.
Aurora Sports Park: The Aurora Sports Park is located 4.1 miles from the hotel and boasts 220 acres, 27 multi-use fields, 12 baseball/softball fields, 4 playgrounds, and 5 concession areas hosting 560,000 annual visitors.
Adam Lewis
Broker of Record
License: CO ER.10091205
