La Quinta Inn Denver Golden, Colorado - Exterior
  La Quinta Inn Denver Golden, Colorado

CBRE Hotels;

CBRE Hotels is soliciting offers to acquire the fee-simple interest in the Corporate-Owned La Quinta Inn by Wyndham in Denver Golden, Colorado. The property is located near I-70, with convenient access to The Colorado School of Mines, Denver International Airport, and Downtown Golden. Thanks to its prime location, the hotel receives business from a diverse population of both corporate and leisure segments.

  • Corporate-Owned La Quinta Inn - Opportunity to acquire a corporate-owned, 129-room, three-story, La Quinta Inn that sits on 2.67 acres of land in Denver Golden, Colorado.
  • Strong Revenue Recovery - The hotel has demonstrated strong revenue recovery from the pandemic, with its performance as of June 2023 TTM already exceeding the 2019 levels.
  • PIP Cap - Per Section O of the Wyndham Franchise Agreement, there is a favorable PIP cap in place that is transferable to the buyer. Following this capped PIP, there is then a 6 year PIP holiday.
  • Management Upside - The La Quinta will be delivered unencumbered of management. Due to the current operator’s national scale and substantial allocation for corporate overhead, this project presents significant potential upside for a more hands-on operator through more focused revenue management strategies and reduction in corporate allocated expenses.
  • Close to Colorado School of Mines - The property is less than 5 miles from the Colorado School of Mines, Colorado’s premier engineering and applied science university for over 150 years. The Colorado School of Mines is also named as the best colleges in Colorado, according to Niche in 2023.
  • Diverse Demand Drivers/Strong Market - The hotel’s location in Golden offers strategic proximity to a variety of the area’s major demand generators, including the award-winning Miners Alley Playhouse, Coors Brewery - the largest single-site brewery in the world, and Clear Creek Trail, Golden’s central hub of activity. In addition, the hotel is just a 10-minute drive from the worldfamous Red Rocks Park and Amphitheatre. Hosting thousands of concerts and events over the past 75 years, this amphitheatre is known as one of the top-grossing and most attended concert venue of any size, for 2021.

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