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6520 North 7th Street Suite 235
Phoenix, Arizona 85014
Phone: 602-954-7133 | Fax: 602-954-0996
info@apostlefitzgerald.com
La Quinta Inn & Suites
Westminster, Colorado
59 Guest Rooms
Offering Price: $3,450,000
Investment Overview:
This offering of the La Quinta Inn & Suites located in Westminster, Colorado gives hospitality operators immediate access to one of Colorado's fastest growing economic hospitality markets, within the greater Denver area. The hotel was arranged to be constructed in two phases, with the first phase, 59 guestrooms, completed in June of 1998. The second phase of approximately 40 guestrooms has not yet been undertaken. The La Quinta Inn & Suites, the only limited-service hotel within the Church Ranch Corporate Center, has interior corridors, and indoor swimming pool, in-house laundry, a spacious lobby with areas dedicated to continental breakfast service, and a meeting room. The property was designed for, and is seemingly the appropriate product for, the market that it serves. This allows a buyer the potential of maximizing Average Daily Rates and Occupancies.
Property Description:
The subject property is a 59 room, three story, interior corridor hotel. The improvements, located within one building, include a lobby with front desk and back office work area, an administrative office, meeting room, small gift shop, combination laundry and housekeeping facility, and an enclosed heated swimming pool and spa. The guestrooms are accessed from the lobby, and are located on three separate floors. The total gross building area is approximately 34,299 square feet.The lobby is accessible via two sets of double door entryways. The hotel is functionally well designed and has a small exercise room, handicap accessible guestrooms, and a separate breakfast area. There is elevator service to the guestroom floors.
| Price: |
$3,450,000 |
| Location: |
Westminster, Colorado |
| Property Description: |
Limited Service |
| Property Age: |
Opened 1998 |
| Number of Units: |
59 |
| Corridors: |
Interior |
| Public Area Amenities: |
Indoor Pool & Spa |
| Site Size: |
2.30 Acres |
| Convention/Meeting Space: |
860 Square Feet |
| Trailing 12-month Occupancy: |
68% |
| Trailing 12-month Daily Rate: |
$68.26 |
| Trailing 12-month Room Revenue: |
$1,013,512 |
| Financing: |
New Required |
Note: The information shown above has been obtained from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it, and make no guarantee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness.
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