7007 Clinton St, Greenwood Village, CO 80112-3629
- 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
- Zone code
- PUD
- Property type
- Hotels
- APN
- 2075-27-2-15-004
- APU
- 207527215004
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 27, 2022 | $16,200,000 | Denver Tech Hotel LLC | 7007 S Clinton Hotel LLC | Special Warranty Deed | $10.5M · The Pueblo Bank And Trust Co |
| Sep 1, 2022 | — | Dish Wireless LLC | 7007 S Clinton Hotel LLC | Lease | — |
| Oct 19, 2021 | — | 7007 S Clinton Hotel LLC | — | Deed · related | $9.5M · Congressional Bank |
| Jun 7, 2021 | — | 7007 S Clinton Hotel LLC | Sky Harbor Denver Tech Center LLC | Quit Claim Deed · related | — |
| Dec 15, 2014 | $26,125,000 | Sky Hbr Denver Tech Center LLC | Vwi Dtc LLC | Grant Deed | $18.3M · Industrial & Com'l Bk/china |
| Feb 23, 2011 | $9,100,000 | Vwi Dtc LLC | South Clinton Street Invs LLC | Grant Deed | — |
| Jan 13, 2005 | $11,500,000 | Clinton Street Investmen South | Slt Realty | Grant Deed | — |
| — | — | Vwi Dtc LLC | — | Deed Of Trust · related | $11.2M · Us Bank NA |
| — | — | Sky Hbr Denver Tech Center LLC | — | Loan Modification · related | — |
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 Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $17,810,000
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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
