La Quinta Inns & Suites Denver Southwest Lakewood, Colorado Listed for Sale

2 minute read

CBRE Hotels

August, 17 2023

• Management Upside – The La Quinta will be provided unencumbered of management. Due to the present operator's nationwide scale and considerable allotment for business overhead, this task provides substantial possible advantage for a more hands-on operator through more concentrated profits management techniques and decrease in business assigned costs.
• Varied Demand Drivers – Located off Highway 285, the hotel remains in distance to the location's significant need generators, consisting of the University of Denver, Colorado Railroad Museum, Mile High Stadium and Southwest Plaza. In addition, the hotel is simply a 10-minute drive from the world-famous Red Rocks Park and Amphitheatre. Hosting countless shows and occasions over the previous 75 years, this amphitheatre is called among the top-grossing and most went to performance place of any size, for 2021.
• PIP Cap – Per Section O of the Wyndham Franchise Agreement, there is a beneficial PIP cap in location that is transferable to the Buyer. Following this capped PIP, there is then a 6 year PIP vacation.
  
• Strong Market – The hotel lies near Downtown Denver, which is house to a few of the city's most historical websites and has actually been the primary center for business, monetary, and home entertainment services. With Colorado ending up being a popular location to reside in the United States, Denver has actually seen fast development throughout the previous couple of years. Thanks to its beneficial weather condition, a growing cultural scene, varied communities and natural charm, Denver and its surrounding location is the ideal location for brief and long-lasting gos to.

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