16921 E 32nd Ave - Hospitality FOR SALE


Aurora, CO 80011
$8,300,000 USD
303-514-7076
16921 E 32nd Ave, Aurora, CO for Sale
$8,300,000 USD
Hospitality - FOR SALE
1/15
null | 8.74% Cap Rate

16921 E 32nd Ave
Aurora, CO 80011


HIGHLIGHTS

  • Free airport shuttle
  • Recent renovation in 2024. Minimal PIP required
  • Future RevPar growth anticipated from recent renovation and airport passenger traffic growth
  • Full amenities including indoor pool, exercise room, hot breakfast, business center, sundry center

OVERVIEW

Wyndham franchise hotel located in the Denver International Airport hotel market. The property was converted from Red Lion to Ramada Inn in July 2021. The hotel was fully renovated in 2024. The hotel includes new case goods, carpeting, bathroom remodeling. Indoor pool, exercise room, meeting room, and business center. Excellent location at the I-70 highway interchange with Airport Boulevard. Good highway business in addition to DIA traffic.

FOR SALE DETAILS

PRICE

$8,300,000 USD

PRICE/SF

$189 USD /SF

# OF ROOMS

95

PRICE/ROOM

$87,368 {currency}

CAP RATE

8.74%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SYLO Hotel Denver Airport, a Ramada

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1996

PARKING SPACES

150

LAND DETAILS

LAND ACRES

3.21 AC

LAND SF

139,915 SF

ZONING

AD

APN/PARCEL ID

1821-28-0-02-002

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 Notice.