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Hotel-Motel

Hilton Garden Inn Longmont

470 S Martin St, Longmont, CO 80501

Listing Price: $18,400,000

Cap Rate
7.30%
Number of Rooms
105
RevPAR
$105
Gross SF
96,010
Price/Room
$175,238
Price/Gross SF
$191.65
Year Built
2020

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, the Hilton Garden Inn Longmont, CO. This 105 key asset is located just off Highway 287 seeing 28K vehicles per day and direct visibility of Highway 199 seeing 42K vehicles per day. It is bordering St. Vrain Creek, a popular location for outdoor recreation, and near proximity to Rocky Mountain National Park which sees 4.12M visitors annually. The property is also in close proximity to University of Colorado Boulder, the Vance Brand Airport and the Denver International Airport is just 42 miles from the hotel. The hotel offers a full-service bar and restaurant on the ground floor while a maintaining a robust profitability profile. Other amenities on site are; meeting rooms, an indoor pool and 24 hour fitness center.

Investment Highlights

  • Newer Built 105 Room Hilton Garden Inn – Opened in 2020
  • Highly profitable food & beverage department – 61% profit margin
  • Direct Visibility and Access from Colorado State Highway 199, which sees 42,000 Vehicles Per Day
  • Over 2,000 sqft of event space adding additional revenue streams
  • Growth Opportunity – Sundance Film Festival will relocate to Boulder Colorado in 2027 (2024 Sundance Film Festival saw 72,840 in-person attendees)
  • Situated less than 3 miles from the UC Health Longs Peak Hospital
  • The City of Longmont established a Downtown Development Authority to support and accelerate the area's development, reflecting a strong signal of growth in the area

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Hotel-Motel

Hilton Garden Inn Longmont

Listing Price: $18,400,000

Cap Rate
7.30%
Number of Rooms
105
RevPAR
$105
Gross SF
96,010
Price/Room
$175,238
Price/Gross SF
$191.65
Year Built
2020

Investment Highlights

  • Newer Built 105 Room Hilton Garden Inn – Opened in 2020
  • Highly profitable food & beverage department – 61% profit margin
  • Direct Visibility and Access from Colorado State Highway 199, which sees 42,000 Vehicles Per Day
  • Over 2,000 sqft of event space adding additional revenue streams
  • Growth Opportunity – Sundance Film Festival will relocate to Boulder Colorado in 2027 (2024 Sundance Film Festival saw 72,840 in-person attendees)
  • Situated less than 3 miles from the UC Health Longs Peak Hospital
  • The City of Longmont established a Downtown Development Authority to support and accelerate the area's development, reflecting a strong signal of growth in the area

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, the Hilton Garden Inn Longmont, CO. This 105 key asset is located just off Highway 287 seeing 28K vehicles per day and direct visibility of Highway 199 seeing 42K vehicles per day. It is bordering St. Vrain Creek, a popular location for outdoor recreation, and near proximity to Rocky Mountain National Park which sees 4.12M visitors annually. The property is also in close proximity to University of Colorado Boulder, the Vance Brand Airport and the Denver International Airport is just 42 miles from the hotel. The hotel offers a full-service bar and restaurant on the ground floor while a maintaining a robust profitability profile. Other amenities on site are; meeting rooms, an indoor pool and 24 hour fitness center.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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