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Hotel-Motel

La Quinta Inn by Wyndham Denver Northglenn

345 W 120th Ave, Westminster, CO 80234

Listing Price: $10,500,000

Cap Rate
9.68%
Number of Rooms
131
RevPAR
$53
Price/Room
$80,153
RRM
4.15
Year Built
1986

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 by Wyndham Denver Northglenn (‘Hotel’ or ‘Property’) located in Westminster, Colorado. The Wyndham Hotels & Resorts-branded Hotel is offered at $10,500,000 or $80,153 per key.

The La Quinta Inn by Wyndham Denver Northglenn is a 131-room, three-story Hotel stationed at 345 W 120th Avenue in Westminster, Colorado, at the intersection of W 120th Avenue and Interstate 25, a major thoroughfare that averages nearly 200,000 vehicles per day. Various common area amenities at the Property include an outdoor pool, outdoor patio and grilling area, breakfast area, laundry facility, and charging stations for electric vehicles in the parking lot.

Denver is the most significant metropolitan statistical area in Colorado and the largest city in the state, consisting of strong submarkets such as Aurora and Lakewood. The busiest airport in Colorado recording more than 30 million passengers annually, Denver International Airport (28 mi) is one of the largest domestic hubs in the nation and the largest airport by surface area. The Hotel is positioned less than five miles from North Suburban Medical Center and is easily accessible via Interstate 25. Several malls with a wide variety of nationally acclaimed retailers are near the Hotel and include Denver Premium Outlets (4 mi), Thorncreek Crossing (1 mi), and Northglenn Marketplace (2 mi). Other demand generators in the Northglenn area include Thorncreek Golf Course (3 mi), Boondocks Food & Fun: Northglenn (2 mi), and Northglenn Recreation Center (1.4 mi), which features Webster Lake, Parsons Theatre, North Glenn Veterans Memorial, and the annually occurring Pirate Festival.

Located between Boulder (18 mi) and Downtown Denver (13 mi), the Hotel is proximally close to attractions located in both major city centers. Outdoor activities include Denver Botanic Gardens (15 mi), Denver Zoo (15 mi), and Rocky Mountain Arsenal (14 mi). Also, located further away, Rocky Mountain National Park is a popular destination for outdoor enthusiasts and hikers. Visitors to the city looking for more educational activities can visit the Wings Over the Rockies Air & Space Museum (17 mi), Denver Art Museum (14 mi), Denver Museum of Nature & Science (15 mi), and Downtown Aquarium (12 mi). Leisure-seeking visitors can walk around 16th Street Mall (12 mi), catch a Colorado Rockies game at Coors Field (12 mi), or a Denver Broncos game at Empower Field at Mile High (13 mi). Additionally, with several popular breweries scattered around the city, Wynkoop Brewing Company (12 mi) and Coors The Brewery (22 mi) remain among the most popular.

Investment Highlights

  • Three-Story, 131-Room, Wyndham Hotels & Resorts-Branded Hotel Renovated in 2023
  • Situated Within Denver Metropolitan Statistical Area – The Largest Colorado MSA
  • Located Near North Suburban Medical Center and Several Shopping Malls with Nationally Acclaimed Retailers
  • Highly Visible and Easily Accessible from Interstate 25 and 28 Miles from Denver International Airport
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Exclusively Listed By

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Hotel-Motel

La Quinta Inn by Wyndham Denver Northglenn

Listing Price: $10,500,000

Cap Rate
9.68%
Number of Rooms
131
RevPAR
$53
Price/Room
$80,153
RRM
4.15
Year Built
1986

Investment Highlights

  • Three-Story, 131-Room, Wyndham Hotels & Resorts-Branded Hotel Renovated in 2023
  • Situated Within Denver Metropolitan Statistical Area – The Largest Colorado MSA
  • Located Near North Suburban Medical Center and Several Shopping Malls with Nationally Acclaimed Retailers
  • Highly Visible and Easily Accessible from Interstate 25 and 28 Miles from Denver International Airport
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

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 by Wyndham Denver Northglenn (‘Hotel’ or ‘Property’) located in Westminster, Colorado. The Wyndham Hotels & Resorts-branded Hotel is offered at $10,500,000 or $80,153 per key. The La Quinta Inn by Wyndham Denver Northglenn is a 131-room, three-story Hotel stationed at 345 W 120th Avenue in Westminster, Colorado, at the intersection of W 120th Avenue and Interstate 25, a major thoroughfare that averages nearly 200,000 vehicles per day. Various common area amenities at the Property include an outdoor pool, outdoor patio and grilling area, breakfast area, laundry facility, and charging stations for electric vehicles in the parking lot. Denver is the most significant metropolitan statistical area in Colorado and the largest city in the state, consisting of strong submarkets such as Aurora and Lakewood. The busiest airport in Colorado recording more than 30 million passengers annually, Denver International Airport (28 mi) is one of the largest domestic hubs in the nation and the largest airport by surface area. The Hotel is positioned less than five miles from North Suburban Medical Center and is easily accessible via Interstate 25. Several malls with a wide variety of nationally acclaimed retailers are near the Hotel and include Denver Premium Outlets (4 mi), Thorncreek Crossing (1 mi), and Northglenn Marketplace (2 mi). Other demand generators in the Northglenn area include Thorncreek Golf Course (3 mi), Boondocks Food & Fun: Northglenn (2 mi), and Northglenn Recreation Center (1.4 mi), which features Webster Lake, Parsons Theatre, North Glenn Veterans Memorial, and the annually occurring Pirate Festival. Located between Boulder (18 mi) and Downtown Denver (13 mi), the Hotel is proximally close to attractions located in both major city centers. Outdoor activities include Denver Botanic Gardens (15 mi), Denver Zoo (15 mi), and Rocky Mountain Arsenal (14 mi). Also, located further away, Rocky Mountain National Park is a popular destination for outdoor enthusiasts and hikers. Visitors to the city looking for more educational activities can visit the Wings Over the Rockies Air & Space Museum (17 mi), Denver Art Museum (14 mi), Denver Museum of Nature & Science (15 mi), and Downtown Aquarium (12 mi). Leisure-seeking visitors can walk around 16th Street Mall (12 mi), catch a Colorado Rockies game at Coors Field (12 mi), or a Denver Broncos game at Empower Field at Mile High (13 mi). Additionally, with several popular breweries scattered around the city, Wynkoop Brewing Company (12 mi) and Coors The Brewery (22 mi) remain among the most popular.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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