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Marcus & Millichap Arranges the Sale of a 157-Room Hospitality Property

January 19, 2022

AURORA, CO, January 18, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Hilton Garden Inn Denver Airport, a 84,934 square foot hospitality property located in Aurora, Colorado according to Adam P. Christofferson, Divisional Manager of the firm’s Southern California offices. The asset sold for $27,500,000.

Gordon Allred and Joshua S. Tammen, investment specialists in Marcus & Millichap’s Inland Empire and Phoenix offices, exclusively represented the seller, procured the buyer, and assisted in closing this transaction.

Hilton Garden Inn Denver Airport is located at 16475 E 40th Cir, Aurora, CO. The property is comprised of 157 guest rooms. The seller completed a renovation of the guestrooms in 2021 and the buyer intends to renovate the lobby and public areas in early 2022.

 

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About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

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