12085 Delaware Street
Westminster, CO 80234 ·
78 Rooms · Hotel & Motel For Sale
Comfort Suites Denver North
|Price||N/A||Property Use Type||Vacant/Owner-User|
|No. Rooms||78||No. Stories||3|
|Building Size||40,392 SF||Year Built||1997|
|Property Type||Hotel & Motel||Lot Size||2.02 AC|
|Property Sub-type||Economy/Limited Service|
|Listing ID: 14525505||Date Created: 03/03/2006||Last Updated: 12/04/2006|
This all-suites hotel was opened in late 1997 and has since been well maintained. As a result, the property is currently in excellent physical condition. This three-story, interior-corridor, 78-suite hotel presents significant upside potential and is available at a discount to its actual replacement cost. Other amenities offered at the Hotel include: an indoor swimming pool and indoor whirlpool, guest shuttle van, meeting room, fitness center, breakfast room and guest laundry.
This Hotel is a consistent and strong above-market performer, in terms of occupancy level (127% market penetration level during 2005) and RevPAR levels (125% market penetration during 2005). The Hotel has seen consecutively increasing room revenues and net operating income for the past three calendar years. The area's lodging market is expected to experience significant increases to average daily rate in addition to growth in occupancy levels. As such, there exists significant upside potential for an investor to benefit from positive market trends.
The Comfort Suites Denver North is located on the northwest side of the 120th Avenue interchange at Interstate 25. The Hotel's location allows quick access to downtown Denver, Boulder, and the greater Denver metropolitan area. Several of the Denver areas major highways including Interstates 25, 76, and 70, US Highway 36 (Boulder Turnpike), and Route E-470 are accessible within minutes from the Hotel.
The area is home to a number of commercial demand generators including Quizno's University (Training Center), Avaya Communications, Celestica (Electronics Manufacturing Services), National Western Stock Show and Complex (home of the 5th largest rodeo and world's largest seedstock show), Water World Water Park, Six Flags Elitch Gardens, Westminster Promenade Denver International Airport and Jefferson County Airport, amongst others.
NOTE: PLEASE DO NOT CONTACT ON-SITE STAFF OR OWNERS DIRECTLY ABOUT THE PROPERTY. FOR FURTHER INFORMATION, PLEASE CONTACT HREC INVESTMENT ADVISORS AT .
- Excellent Physical Condition
- Great Location
- Strong Performer Within Market
- Strong Cash Flow
- Significant Discount to Replacement Cost
- Strong National Franchise Affiliation
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