Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the La Quinta Inn & Suites Henderson (‘Hotel’ or ‘Property’) located in Henderson, Colorado. The Wyndham Hotels-branded Hotel is offered at $6,700,000 or $131,373 per key. The La Quinta Inn & Suites Henderson is a 52-room, three-story Hotel stationed at 9041 Brighton Road in Henderson, Colorado, just off Interstate 76. Various common area amenities at the Property include an indoor heated pool with a hot tub, breakfast area, fitness center, and laundry facility. Henderson, Colorado, is located within the Denver metropolitan area and is situated on the South Platte River. Outdoor enthusiasts can explore the beautiful Barr Lake State Park, where hiking, birdwatching, and fishing are popular activities. The hotel also benefits from its proximity to Denver. History enthusiasts can explore the iconic Denver Art Museum (10.4 miles), which showcases a diverse collection of artworks, or visit the Colorado State Capitol (10.2 miles) to learn about the state's history and enjoy breathtaking views from the dome. For nature lovers, a visit to the Denver Botanic Gardens (9.9 miles) is a must, featuring stunning gardens, exotic plants, and seasonal exhibits. Adventure seekers can head to Confluence Park (10.2 miles), where they can kayak or paddleboard along the South Platte River. Sports fans can catch a game at Coors Field (9 miles), home to the Colorado Rockies baseball team, or visit the Mile High Stadium (10.9 miles) to cheer on the Denver Broncos football team. Amazon Fulfilment Center DEN3 and North Suburban Medical Center, two of the area’s largest employers, are located 10.7 miles and 4.4 miles from the Hotel, respectively, and are prime revenue drivers for the surrounding area. Another major employer is Denver International Airport located 12.6 miles from the hotel. Recent investments in infrastructure and business development, such as the Adams County Commerce Center, have further solidified Henderson's position as a desirable location for companies. In the trailing twelve-month period ending in December 2022, the limited-service Hotel recorded room revenues of over $1.4 million and a net operating income of just over $576,000, or 37.8 percent as a percentage of total revenues, after a 4 percent capital replacement reserve. As of July, the twelve-month average RevPAR in the Denver North hotel submarket was climbing at an exceptionally strong 7.8% annual rate. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.