7007 Clinton St Greenwood Village, CO 80112
- Hotels
- 159,213 SF
- 3.79 lot acres
Current Use by Public Records
- Hotels
Property Details for 7007 Clinton St
- Year built
- 1984
- Construction
- CONCRETE
- Lot size
- 3.79 lot acres
- Property size
- 159,213 SF
- Zone code
- PUD
- Property type
- Hotels
- APN
- 2075-27-2-15-004
- APU
- 207527215004
Description
This 10-story, 159,213 square foot Sheraton hotel, built in 1985 and renovated in 2013, presents a compelling value-add investment opportunity. Located on a 5.31-acre lot at 7007 S Clinton St, Greenwood Village, CO 80112, this property boasts a prime location directly off I-25 in the affluent Denver Tech Center. The hotel features 263 keys and a steel and concrete structure with a brick façade. While currently underperforming at 46% RevPAR penetration (down from 90% in 2018), due to deferred maintenance and management turnover, this presents significant upside potential. Recent infrastructure investments totaling approximately $2.8 million (2021/22) addressed roof replacement, elevator modernization, and boiler replacement. The property is being sold unencumbered by management, allowing the new owner to implement a comprehensive plan to restore the hotel to its former glory and exceed its pre-COVID RevPAR and NOI of $1.7 million (2018). The property is offered at a price significantly below replacement cost, making it an attractive acquisition for investors seeking a strong return on investment. The competitive set operates at a RevPAR 11% higher than its pre-COVID peak, highlighting the potential for substantial growth. This fee-simple ownership offers a chance to capitalize on the strong Denver market and the hotel's inherent potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greenwood Village
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.88
- Latitude
- 39.5895
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
