11909 W 6th Ave - Hospitality FOR SALE


Lakewood, CO 80401- Daniels
$5,200,000 USD
303-514-7076
11909 W 6th Ave, Lakewood, CO for Sale
$5,200,000 USD
Hospitality - FOR SALE
1/19
null | 8.69% Cap Rate

11909 W 6th Ave
Lakewood, CO 80401
Daniels


HIGHLIGHTS

  • Great opportunity to gain entry to the desirable Denver metro hotel market
  • Conversion potential to Best Western Core
  • Minimal PIP expense on transfer
  • Potential to purchase adjacent Quality Inn with Baymont purchase

OVERVIEW

This is your opportunity to buy an affordably priced stabilized hotel in the Denver metro, which is difficult to find in today's market. The hotel has been renovated to current brand standards. There is value upside from increasing occupancy and rate through marketing. The property can also be converted to a Best Western Core, which will have better name recognition and lower annual fees. The proximity to the Federal Center and the new St. Anthony Hospital are excellent current and future demand generators. The Federal Center will be redeveloping, and the hospital will be expanding. This will create new demand generators in addition to the stable base from 6th Avenue traffic and tourist attractions in Golden and the Red Rocks amphitheatre.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$166 USD /SF

# OF ROOMS

62

PRICE/ROOM

$83,871 {currency}

CAP RATE

8.69%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baymont

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1995

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

-

APN/PARCEL ID

49-054-13-115

ASK ABOUT THIS PROPERTY

Alex KovacsMadison Commercial PropertiesMore Info
303-514-7076

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Alex KovacsMadison Commercial PropertiesMore Info
303-514-7076

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.