83 120th Ave Thornton, CO 80233-5701
- Hotels
- 102,716 SF
- 6.56 lot acres
Current Use by Public Records
- Hotels
Property Details for 83 120th Ave
- Year built
- 1984
- Lot size
- 6.56 lot acres
- Property size
- 102,716 SF
- Property type
- Hotels
- APN
- R0024498
- APU
- R0024498
Description
This exceptional 137-key DoubleTree by Hilton Hotel in Thornton, Colorado, presents a lucrative investment opportunity. Located on a 6.71-acre lot, this five-story, 1984-built hotel boasts 17,540 square feet of banquet space, including a 6,400-square-foot ballroom, ideal for conferences and events. The property features an indoor pool, fitness center, business center, and on-site restaurant and lounge. Its prime location offers easy access to Interstate 25, Downtown Denver (under 15 miles), and major attractions like Coors Field and Denver Premium Outlets. The hotel's proximity to Denver International Airport (22 miles), which saw a record 77.8 million passengers in 2023, ensures consistent high occupancy. Over $4 million in capital expenditures since 2023 have enhanced guest rooms, hallways, lobby, and meeting rooms. The hotel's affiliation with the Hilton brand provides access to a robust reservation system and the extensive Hilton Honors program (173+ million members). In 2023, the hotel generated $5.16 million in gross revenue and $1.33 million in net operating income (25.8% NOI margin), offering significant upside potential through improved management strategies. This fee-simple offering is unencumbered by debt or management contracts. Asking price: $17,800,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Thornton
- County
- Adams
- State
- Colorado
- Longitude
- -104.988
- Latitude
- 39.9164
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
