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Hotel-Motel

Candlewood Suites Denver North - Thornton

14362 Lincoln Wy, Thornton, CO 80023

Listing Price: $11,000,000

Cap Rate
8.40%
Number of Rooms
83
RevPAR
$97
Gross SF
52,586
Price/Room
$132,530
RRM
4.20
Price/Gross SF
$209.18
Year Built
2016

Investment Overview

Marcus & Millichap has been chosen to exclusively market for the sale of the Candlewood Suites Denver North - Thornton, located in Thornton, Colorado. This property is a 3-story, interior corridor hotel with 83 rooms, Conveniently Located off I-25, providing easy access for transient travelers and highway visibility which sees 70,000 VPD.

Candlewood Suites Denver North serves the Northglenn, Westminster, Thornton, and greater Denver areas, offering a convenient location just off exit 226 on I-25 and 144th Avenue. This prime spot provides an easy commute to downtown Denver, where guests can explore a variety of attractions, including restaurants, nightlife, museums, and more. For those seeking a more relaxed experience, the Orchard Outlet Shopping Area and Cabela's are just a mile away. For adventure seekers, the Rocky Mountains offer opportunities for hiking, rock climbing, biking, or simply enjoying a walk with a pet. Candlewood Suites Denver North is the ideal destination for both business and leisure travelers, located only 25 miles from Denver International Airport (DEN). With all the amenities guests need, Candlewood Suites ensures a comfortable and convenient stay, offering a true home away from home experience.

Investment Highlights

  • 83 Key IHG Branded Extended Stay Hotel - All units contain full kitchenettes to service extended stay clientele
  • Outperforming property's STR Comp Set - Ranked 1 of 8
  • Positive RevPAR growth year over year - Over $10 increase in RevPAR since 2019
  • Strong in-place debt coverage ratio which allows for SBA or Conventional financing
  • Located off the I-25, providing easy access for transient travelers and highway visibility which sees 70,000 VPD
  • City of Thornton has invested $100M+ in infrastructure development for significant upcoming population growth

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Hotel-Motel

Candlewood Suites Denver North - Thornton

Listing Price: $11,000,000

Cap Rate
8.40%
Number of Rooms
83
RevPAR
$97
Gross SF
52,586
Price/Room
$132,530
RRM
4.20
Price/Gross SF
$209.18
Year Built
2016

Investment Highlights

  • 83 Key IHG Branded Extended Stay Hotel - All units contain full kitchenettes to service extended stay clientele
  • Outperforming property's STR Comp Set - Ranked 1 of 8
  • Positive RevPAR growth year over year - Over $10 increase in RevPAR since 2019
  • Strong in-place debt coverage ratio which allows for SBA or Conventional financing
  • Located off the I-25, providing easy access for transient travelers and highway visibility which sees 70,000 VPD
  • City of Thornton has invested $100M+ in infrastructure development for significant upcoming population growth

Investment Overview

Marcus & Millichap has been chosen to exclusively market for the sale of the Candlewood Suites Denver North - Thornton, located in Thornton, Colorado. This property is a 3-story, interior corridor hotel with 83 rooms, Conveniently Located off I-25, providing easy access for transient travelers and highway visibility which sees 70,000 VPD. Candlewood Suites Denver North serves the Northglenn, Westminster, Thornton, and greater Denver areas, offering a convenient location just off exit 226 on I-25 and 144th Avenue. This prime spot provides an easy commute to downtown Denver, where guests can explore a variety of attractions, including restaurants, nightlife, museums, and more. For those seeking a more relaxed experience, the Orchard Outlet Shopping Area and Cabela's are just a mile away. For adventure seekers, the Rocky Mountains offer opportunities for hiking, rock climbing, biking, or simply enjoying a walk with a pet. Candlewood Suites Denver North is the ideal destination for both business and leisure travelers, located only 25 miles from Denver International Airport (DEN). With all the amenities guests need, Candlewood Suites ensures a comfortable and convenient stay, offering a true home away from home experience.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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