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Hotel-Motel

Ascent on Main

18595 Mainstreet, Parker, CO 80134

Listing Price: Request For Offer

Number of Rooms
51
RevPAR
$90
Gross SF
57,332
Year Built
2020

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Ascent on Main, a full-service boutique hotel located in Parker, Colorado, a suburb of Denver. The hotel consists of 51 guest rooms and offers amenities including onsite dining, onsite retail, indoor spa/jacuzzi, fitness center and an elegant, well-appointed lobby. Business amenities include a business center and 2,419 square feet of meeting space. Parker is located at the southeastern end of the Denver market and just 20 miles from Downtown Denver. The Ascent on Main represents the opportunity to acquire a newly built boutique hotel in a strong market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Denver metro.

Investment Highlights

  • Newly Built Boutique Hotel with Dining & Retail Space
  • Minutes to UCHealth Denver Broncos Training Center
  • Short Drive to Fiddler's Green Amphitheatre, Arapahoe County Fairgrounds & Castlewood Canyon State Park
  • Within 7 Miles of Parker Adventist Hospital, Sky Ridge Medical Center & Centennial Hospital
  • Excellent Location Off of State Highway 83 in Historic Parker, Colorado
  • The Denver Market is a Major Transportation Center and Benefits from a Growing Alternative-Energy Sector & Emphasis on Skilled Jobs

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Hotel-Motel

Ascent on Main

Listing Price: Request For Offer

Number of Rooms
51
RevPAR
$90
Gross SF
57,332
Year Built
2020

Investment Highlights

  • Newly Built Boutique Hotel with Dining & Retail Space
  • Minutes to UCHealth Denver Broncos Training Center
  • Short Drive to Fiddler's Green Amphitheatre, Arapahoe County Fairgrounds & Castlewood Canyon State Park
  • Within 7 Miles of Parker Adventist Hospital, Sky Ridge Medical Center & Centennial Hospital
  • Excellent Location Off of State Highway 83 in Historic Parker, Colorado
  • The Denver Market is a Major Transportation Center and Benefits from a Growing Alternative-Energy Sector & Emphasis on Skilled Jobs

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Ascent on Main, a full-service boutique hotel located in Parker, Colorado, a suburb of Denver. The hotel consists of 51 guest rooms and offers amenities including onsite dining, onsite retail, indoor spa/jacuzzi, fitness center and an elegant, well-appointed lobby. Business amenities include a business center and 2,419 square feet of meeting space. Parker is located at the southeastern end of the Denver market and just 20 miles from Downtown Denver. The Ascent on Main represents the opportunity to acquire a newly built boutique hotel in a strong market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Denver metro.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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