Hotel-Motel

Holiday Inn Express & Suites Denver Aurora Medical Campus

14200 E Colfax Ave, Aurora, CO 80011

Listing Price: $20,850,000

Cap Rate
7.96%
Number of Rooms
126
RevPAR
$77
Gross SF
85,785
Price/Room
$165,476
RRM
4.28
Price/Gross SF
$243.05
Year Built
2019

Investment Overview

Marcus & Millichap is exclusively marketing for sale the Holiday Inn Express & Suites Denver Aurora Medical Campus, a newly constructed five-story hotel located in Aurora, a desirable suburb of Denver, Colorado. The hotel is ideally situated near the intersection of Interstate 225 and Colfax Avenue, two of the Denver markets main thoroughfares. Located only half a mile from the property is the University of Colorado Anschutz Medical Campus, a world-class medical destination with the largest academic health center in the Rocky Mountain region.

The spacious first floor of the Holiday Inn Express & Suites Denver Aurora Medical Campus features complimentary breakfast, a dining area with fireplace and flat-screen TV, complimentary coffee and a 24-hour front desk. The hotel also provides business amenities including a business center and four meeting rooms consisting of 3,000 square feet of flexible meeting space. Other amenities throughout the property include an indoor pool, fitness center, guest laundry facilities, ice machine, safe deposit boxes and complimentary Wi-Fi.

All of the property's 126 contemporary guest rooms feature a 42- inch flat-screen TV with premium channels, work desk with lamp, mini refrigerator, microwave, coffee/tea maker, climate control, complimentary Wi-Fi and more. This property offers the new Formula Blue Smart Travel Design and features an appealing combination of fresh, dynamic and focused design features that enable and efficient
and engaging environment for its guests.

The Holiday Inn Express & Suites Denver Aurora Medical Campus represents the opportunity to acquire a newly renovated IHG-branded hotel in the Denver metropolitan area near several demand drivers.
Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth.

The Buyer must assume the current equipment leases on the propertys phone system and TVs, to be paid off in three years.

Investment Highlights

  • 1/2 Mile from Anschutz Medical Campus | 2.1M Individual Patient Visits Annually
  • 4 Miles to Buckley Air Force Base | Serves More than 92,000 Active Duty
  • Within 4 Miles of Northrop Grumman & Raytheon Intelligence Information Complex
  • 14 Miles to Denver International Airport | 69M Passengers in 2019
  • Newly Built IHG-Branded Hotel in the Greater Denver MSA
  • Ideally Situated Near the Intersection of Interstate 225 and Colfax Avenue

Exclusively Listed By

Broker of Record

  • Skyler Cooper

    Regional Manager

    License(s): CO: FA.100080019

    Colorado

Hotel-Motel

Holiday Inn Express & Suites Denver Aurora Medical Campus

Listing Price: $20,850,000

Cap Rate
7.96%
Number of Rooms
126
RevPAR
$77
Gross SF
85,785
Price/Room
$165,476
RRM
4.28
Price/Gross SF
$243.05
Year Built
2019

Investment Highlights

  • 1/2 Mile from Anschutz Medical Campus | 2.1M Individual Patient Visits Annually
  • 4 Miles to Buckley Air Force Base | Serves More than 92,000 Active Duty
  • Within 4 Miles of Northrop Grumman & Raytheon Intelligence Information Complex
  • 14 Miles to Denver International Airport | 69M Passengers in 2019
  • Newly Built IHG-Branded Hotel in the Greater Denver MSA
  • Ideally Situated Near the Intersection of Interstate 225 and Colfax Avenue

Investment Overview

Marcus & Millichap is exclusively marketing for sale the Holiday Inn Express & Suites Denver Aurora Medical Campus, a newly constructed five-story hotel located in Aurora, a desirable suburb of Denver, Colorado. The hotel is ideally situated near the intersection of Interstate 225 and Colfax Avenue, two of the Denver markets main thoroughfares. Located only half a mile from the property is the University of Colorado Anschutz Medical Campus, a world-class medical destination with the largest academic health center in the Rocky Mountain region.

The spacious first floor of the Holiday Inn Express & Suites Denver Aurora Medical Campus features complimentary breakfast, a dining area with fireplace and flat-screen TV, complimentary coffee and a 24-hour front desk. The hotel also provides business amenities including a business center and four meeting rooms consisting of 3,000 square feet of flexible meeting space. Other amenities throughout the property include an indoor pool, fitness center, guest laundry facilities, ice machine, safe deposit boxes and complimentary Wi-Fi.

All of the property's 126 contemporary guest rooms feature a 42- inch flat-screen TV with premium channels, work desk with lamp, mini refrigerator, microwave, coffee/tea maker, climate control, complimentary Wi-Fi and more. This property offers the new Formula Blue Smart Travel Design and features an appealing combination of fresh, dynamic and focused design features that enable and efficient
and engaging environment for its guests.

The Holiday Inn Express & Suites Denver Aurora Medical Campus represents the opportunity to acquire a newly renovated IHG-branded hotel in the Denver metropolitan area near several demand drivers.
Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth.

The Buyer must assume the current equipment leases on the propertys phone system and TVs, to be paid off in three years.

Exclusively Listed By

Broker of Record

  • Skyler Cooper

    Regional Manager

    License(s): CO: FA.100080019

    Colorado

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