Marcus & Millichap is pleased to present the TownePlace Suites Denver Airport at Gateway Park, a well positioned, upper-midscale extended-stay hotel featuring 99 thoughtfully appointed guestrooms. Branded under Marriott International, this asset benefits from a prime location at 4100 N. Kittredge Street in Denver, Colorado—just off Peña Boulevard and Interstate 70, where daily traffic exceeds 100,000 vehicles. This high-visibility site offers outstanding accessibility within the rapidly expanding Denver-Aurora-Lakewood metropolitan area and is situated less than 10 minutes from Denver International Airport.
The property is nestled within Gateway Park, a 1,200-acre mixed-use development straddling the Denver Aurora border. With immediate connectivity to I-70, I-225, E-470, and Denver International Airport, Gateway Park serves as a strategic hub, offering seamless access to the greater Denver metro and the broader Rocky Mountain region. The TownePlace Suites offers a robust array of amenities, including an Indoor Pool, Business Center, Fitness Center, Sundry Shop, Guest Laundry Facilities, and 247 square feet of Meeting & Event Space. A year ago, approximately $166,000 was invested in completely replacing the HVAC system outside and the 8 satellite ceiling units inside the building in the hotel’s common areas and corridors. Each guestroom also features fully equipped kitchens, catering to the needs of extended-stay travelers.
The Denver-Aurora-Lakewood metropolitan area is a fast-growing and economically diverse region at the heart of Colorado’s Front Range. With a population of approximately 3.05 million, including nearly 716,000 in the City and County of Denver alone, the metro continues to attract new residents due to its vibrant economy, desirable lifestyle, and geographic location. Situated at the intersection of the Great Plains and the Rocky Mountains, the region offers both urban sophistication and easy access to outdoor adventure. Ten counties make up the metro, with strong development growth occurring in its eastern and northern reaches, where flat, affordable land supports large-scale residential and industrial expansion. The hotel boasts a strong RevPAR penetration index of 105 percent for the twelve months ending in April 2025, with a projected average index of 115 percent over the next five years signaling robust competitive performance and attractive long-term value for potential buyers.
2025 Denver Metro Economy: Steady Growth Fueled by High-Value Industries: The Denver metro economy is forecast to grow steadily through 2025, supported by sustained in-migration and expansion in key sectors. Colorado is projected to add approximately 36,700 new jobs in 2025, following a robust gain of 46,800 jobs in 2024. Growth will be driven by education and healthcare—anchored by expanding systems like UCHealth, CU Anschutz Medical Campus, and Children’s Hospital Colorado—with expected growth of 2.3%. Professional and business services, led by major employers such as Lockheed Martin and Comcast, are projected to grow by 1.6%. Additionally, the construction sector will rebound strongly, adding roughly 6,000 jobs fueled by infrastructure and housing demand. Employment in natural resources and clean energy will experience modest but meaningful growth, reflecting Colorado’s continued commitment to sustainability and innovation.
Unmatched Connectivity and Airport Access Fueling Regional Growth: Denver’s strategic location as a gateway to the Mountain West is reinforced by a robust, multimodal transportation network that directly enhances investment potential. The metro is served by three major interstates (I-25, I-70, and I-76), an expanding light rail and commuter system under the FasTracks initiative, and Denver International Airport (DEN)—now one of the busiest airports globally, rivaling major coastal hubs in both passenger volume and flight operations. DEN is not only the state’s largest employer but also a key economic engine, contributing over $47 billion annually to Colorado’s economy.
Demographics and Workforce: Young, Educated, and High-Income Talent Base: Denver’s workforce is a critical asset, characterized by its youth and education. The median age in the metro area is approximately 35.2 years, with over 47.8% of adults holding at least a bachelor’s degree. The median household income is about $91,681, significantly above the national average, supported by strong wage growth in high-skill sectors. The city continues to attract knowledge workers, entrepreneurs, and recent graduates from across the U.S., particularly those relocating from higher-cost coastal metros. This inflow of talent sustains long-term demand for housing, office, co-working spaces, and service-oriented real estate.
Corporate Strength and Infrastructure Powerhouse: The Denver metro area hosts eight Fortune 500 companies, including Arrow Electronics, Newmont, DaVita, and VF Corporation, which drive significant employment and commercial real estate demand. The Denver Technological Center and Fitzsimons Innovation Community in Aurora act as magnets for biotech, aerospace, and software firms, fostering innovation and economic diversification. Denver International Airport (DEN), the state’s largest employer and a major hub for United, Frontier, and Southwest Airlines, contributes more than $47 billion annually to Colorado’s economy, fueling demand for warehouse, industrial, and hospitality spaces, especially in the Peña Boulevard and Aerotropolis corridors. Companies that also serve the area include USG Corp, CSL Plasma, Q3 Contracting, Clean Harbors Environmental Services, Corpay Lodging (CLC Lodging), CSL Behring, Daifuku Co Limited, TA Connections, Vanderlande, General Motors – Service and Parts Operation, Cencora, GEMCO, the Government of the United States, and Pacific Tech Construction.
Real Estate Market: Cooling Creates Strategic Investment Opportunities: Following years of rapid appreciation, Denver’s housing market cooled in 2024, ranking 49th in home price growth nationally after leading the nation from 2008 to 2023. This slowdown presents strategic entry points for investors and developers in a fundamentally strong market. Construction activity is poised for growth, led by increased permitting and demand for single-family homes. Institutional and tenant demand remains robust for multifamily, industrial, and build-to-rent properties, particularly in fast-growing submarkets such as Aurora, Commerce City, and Thornton. Commercial real estate is expanding around tech campuses, healthcare facilities, and logistics hubs near Denver International Airport and along key rail corridors.
Tourism and Lifestyle: A Vibrant Economic Engine: Denver’s exceptional quality of life and rich cultural scene amplify its economic appeal. The metro blends urban vibrancy with easy access to nature, attracting residents and visitors alike. Cultural institutions like the Denver Art Museum, Museum of Nature & Science, Red Rocks Amphitheatre, and Denver Botanic Gardens draw steady tourism and support leisure-related economic activity. The revitalized 16th Street Mall, a key pedestrian thoroughfare in the heart of downtown, serves as a major commercial and entertainment hub, lined with shops, restaurants, and public art that contribute to both tourism revenue and local vibrancy. Outdoor recreation is enhanced by proximity to Rocky Mountain National Park and world-class ski resorts such as Vail, Breckenridge, and Copper Mountain. The city’s professional sports ecosystem is a major lifestyle driver, featuring six major league teams: the Denver Broncos (NFL), Denver Nuggets (NBA), Colorado Rockies (MLB), Colorado Avalanche (NHL), Colorado Rapids (MLS), and Colorado Mammoth (NLL). These teams play in modern venues like Ball Arena, Coors Field, and Empower Field at Mile High, attracting millions of fans annually and fueling adjacent demand for hospitality, retail, and transit services. Recreational amenities such as Aurora Sports Park and Green Valley Ranch Golf Club further enhance community wellness and quality of life.
Education and Healthcare: Pillars of Stability and Growth: The metro is home to leading higher education institutions including the University of Denver, University of Colorado, and Colorado School of Mines, which foster research, innovation, and student housing demand. Major healthcare systems—such as UCHealth, CU Anschutz Medical Campus, Kaiser Permanente, and Children’s Hospital Colorado—remain expanding anchors of employment and real estate demand, providing stability and growth potential across the market.
Denver’s Bold Transformation: Pioneering Urban Growth, Innovation, and Inclusivity in 2025: In 2025, Denver is stepping confidently into its future, fueled by ambitious projects that blend innovation, community, and opportunity. The city approved a $70 million land deal for a vibrant new women’s pro soccer stadium at Santa Fe Yards, targeted to open in 2028. The 155-acre former Park Hill Golf Course and 62-acre Elitch Gardens are becoming urban parks, emphasizing walkability, green space, and public input guiding long-term plans. Mixed-use developments like The River Mile and Fox Park are reshaping downtown and RiNo with housing, office space, and hotel projects, including the Steel House office tower and the Apiary hotel/residence high-rise. DIA is advancing a multi-phase expansion to add 100 new gates by mid-century, and the Peña Boulevard corridor is being modernized to improve intersections and enhance overall safety. New investments in aerospace and tech such as a 3D-printed Aerospace HQ, providing nearly 400 high-wage jobs, and the Techstars Workforce Development Accelerator program is projected to grow further to drive job growth and innovation for a more inclusive and resilient economy.
BROKER OF RECORD
Adam Lewis
Colorado
P: (303) 328-2000
Lic #: CO: ER.100091205
Firm Lic #: CO: EC.100048709
