Hotel-Motel
Hampton Inn & Suites Parker
19010 Cottonwood Dr, Parker, CO 80138
Listing Price: $12,700,000
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Hampton Inn & Suites Parker, in Parker, Colorado. This Hilton branded property is located in the southeastern end of the Denver market and is about 20 miles outside of Denver city center. The property benefits from business and leisure travelers.
Hampton Inn & Suites Parker is equipped with 84 rooms and offers amenitites including a heated indoor pool & spa, complimentary breakfast buffet, market and fitness center. The property also has 2,501 SF of on-site business meeting space that can be organized to cater to a group of up to 100 people.
Hilton has branded Hampton Inn & Suites to be recognized for providing comfortable accommodations and a range of amenities for both business and leisure travelers. With the proximity to business areas and many kinds of demand generators, this property offers an opportunity to capitalize on the continuous growth in the Denver metro area.
Hampton Inn & Suites Parker
Investment Highlights
- The ability to acquire a premium brand (Hampton Inn & Suites) in the highly desirable Parker sub-market of Denver, significantly below replacement cost with both top and bottom line upside.
- Since 2017, over $2 million has been invested in the Asset, including over $500,000 since December 2020.
- The Parker market has steadily bounced back from COVID, with ADR levels at the Asset and in the Comp Set now in excess of 2019.
- There remains significant upside in the market as corporate transient demand returns allowing for occupancy to reach previous levels.
- Financial projections assume Year 1 RevPAR growth of under 2.0% above YE levels achieved at the Asset, with significant operating saving from normalization of expenses to market levels.
- Institutional quality asset with steel and concrete construction, steel roof and 3 elevators, insuring long-term viability and profitable exit.
Broker of Record
Financing By
Listing Price: $12,700,000
Investment Highlights
- The ability to acquire a premium brand (Hampton Inn & Suites) in the highly desirable Parker sub-market of Denver, significantly below replacement cost with both top and bottom line upside.
- Since 2017, over $2 million has been invested in the Asset, including over $500,000 since December 2020.
- The Parker market has steadily bounced back from COVID, with ADR levels at the Asset and in the Comp Set now in excess of 2019.
- There remains significant upside in the market as corporate transient demand returns allowing for occupancy to reach previous levels.
- Financial projections assume Year 1 RevPAR growth of under 2.0% above YE levels achieved at the Asset, with significant operating saving from normalization of expenses to market levels.
- Institutional quality asset with steel and concrete construction, steel roof and 3 elevators, insuring long-term viability and profitable exit.
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Hampton Inn & Suites Parker, in Parker, Colorado. This Hilton branded property is located in the southeastern end of the Denver market and is about 20 miles outside of Denver city center. The property benefits from business and leisure travelers. Hampton Inn & Suites Parker is equipped with 84 rooms and offers amenitites including a heated indoor pool & spa, complimentary breakfast buffet, market and fitness center. The property also has 2,501 SF of on-site business meeting space that can be organized to cater to a group of up to 100 people. Hilton has branded Hampton Inn & Suites to be recognized for providing comfortable accommodations and a range of amenities for both business and leisure travelers. With the proximity to business areas and many kinds of demand generators, this property offers an opportunity to capitalize on the continuous growth in the Denver metro area.
Broker of Record
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Adam Lewis
First Vice President/Regional Manager
Financing By
