Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Proposed Fairfield Inn & Suites by Marriott - Permit Ready Land (Evergreen/Golden), (‘Hotel’ or ‘Property’), located in Golden, Colorado. The 1.9 acres of land is priced at $1,990,000 and is located just 0.9 miles from I-70, which see an average annual daily traffic of 25,400 cars per day. At stabilization, the Proposed Fairfield Inn & Suites by Marriott - Permit Ready Land (Evergreen/Golden) – 83- room, midscale hotel can expect to reach a RevPAR of $136, given the strength of the market and comparable properties in the area, this translates to more than $4,000,000 in room revenue. Situated between Evergreen and Golden, the proposed hotel can benefit from access to I-70, connecting to Denver (15-22 miles), as well as nearby mountain communities and ski resorts like Keystone and Breckenridge. The Proposed Fairfield Inn & Suites by Marriott - Entitled Land location offers access to attractions in both Golden and Evergreen. Golden features the Coors Brewery (300,000+ visitors annually), Golden Gate Canyon State Park, and Clear Creek Canyon. Evergreen provides outdoor recreation with Evergreen Lake and Elk Meadow Park. Red Rocks Amphitheatre, 12 miles away, hosts events drawing 750,000+ attendees annually. Golf enthusiasts can enjoy Evergreen Golf Course and Hiwan Golf Club. This blend of business, education, and outdoor activities makes the area a strong market for hospitality. Positioned 39 miles from Denver International Airport, the proposed hotel can benefit from a major travel hub that serves millions annually, ensuring strong visitor flow. The area’s economic stability is supported by major employers which include the National Renewable Energy Laboratory (2,500 employees), CoorsTek (1,000+), and Molson Coors Beverage Company (1,300). Evergreen benefits from proximity to Denver’s Fortune 500 companies, such as DaVita, CenturyLink, and Kaiser Permanente, which drive business travel. In addition, access to top medical facilities, including Lutheran Medical Center (338 beds) and St. Anthony Hospital (224 beds), which specialize in cardiovascular, orthopedics, and emergency care, support visitors and communities nearby. Nearby universities include the Colorado School of Mines (12.4 miles) in Golden, with over 7,000 students focused on engineering and applied sciences. The University of Denver (23.4 miles) and Metropolitan State University (20.5 miles) in Denver further contribute to year-round accommodation demand from students, faculty, and visitors.