• TownePlace Suites Denver Tech Center   

CBRE Hotels;

CBRE Hotels Institutional Group, as the sole and exclusive agent for the owner, has been retained to offer for sale the fee-simple interest in the 94-room TownePlace Suites Denver Tech Center strategically located within one of Denver’s fastest growing submarkets.

The offering presents an extraordinary opportunity to acquire a premier extended-stay, Marriott branded asset under a significant value-add thesis, located in a highly diversified growth micro-market, well below replacement cost, and supported by one of the strongest hotel demand MSAs in the nation.

Under new ownership - and following the completion of a high-value add PIP, combined with an enhanced revenue management strategy, the hotel is expected to significantly surpass prior RevPAR thresholds and generate highly efficient, distinguishable cash flow.

The TownePlace Suites Denver Tech Center is offered unencumbered of management and fee-simple interest. A buyer will receive a 15-year franchise agreement in conjunction with completing a brand mandated PIP.

Investment Highlights

  • Premium Marriott brand affiliation – 15-year license term available
  • Potential to increase ADR and market share upon completion of PIP
  • The TownePlace Suites DTC is experiencing positive RevPAR trends, up 8.5% year to date
  • Corporate ownership and management allow for upside from more entrepreneurial ownership
  • All-suite, extended stay segment provides the opportunity to drive higher profit margin
  • Priced well below replacement cost
  • Unencumbered by management, offering flexibility with future operations
  • Denver Tech Center location with 12.4 million sq. ft. of office space and major demand generators
  • Proximity to University of Denver (5 miles) and Denver Central Business District (22 miles)

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