39.739040 -105.019813 Denver, CO 80202
- Hospitality properties
- 34,600 SF
- 1.60 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 0 39.739040 -105.019813
- Year built
- 1985
- Lot size
- 1.60 lot acres
- Property size
- 34,600 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional value-add opportunity presents a portfolio of two three-story, interior-corridor hotels totaling approximately 34,600 square feet on a 1.6-acre lot. Built between 1985 and 1996, these properties boast 100 keys and are situated within 50 miles of Downtown Denver, benefiting from a strong and growing market with multiple demand generators. Currently generating stable revenue of approximately $2 million, the portfolio offers significant potential for expense reduction and increased profitability. The properties are well below replacement cost and below comparable sales on a price-per-key basis, representing a compelling investment. The current ownership, an out-of-state, first-time hotelier, manages the hotels remotely. The portfolio presents a lower-risk profile with substantial appreciation potential. Zoned for commercial hotels, the properties offer a conversion opportunity to midscale to upper-midscale/upscale flags, and economy to midscale flags, allowing for significant repositioning and revenue enhancement. The asking price is $7,600,000, translating to $219.65 per square foot. Precise location will be disclosed to qualified principals. This is a freehold ownership opportunity.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -105
- Latitude
- 39.7541
