Listing Agents
Subu Thiagarajan
T | 510.205.7931
subu@paramountlodging.com
DRE#01891134
Michael Sheppard
T | 505.515.1850
msheppard@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple interest in the 120-room La Quinta Inn & Suites by Wyndham Denver Boulder-Louisville
- Institutionally owned and available unencumbered by management
- Available for sale through a traditional marketing process
- Asset is subject to a PIP ceiling which is not to exceed $5,000 per key
- Property recently received ~ $3.8MM in repairs and renovations
- Significant 37% year-over-year RevPAR increase with TTM ADR exceeding 100% of pre-pandemic rate peaks
- Property is ideally oriented along US Highway 36 Denver-Boulder Turnpike with upwards of 90,000 vehicles passing the hotel location daily
- Proximate to several key area demand generators including the University of Colorado Boulder, AdventHealth Avista Hospital, Pearl Street Mall, Superior Marketplace, Flatiron Marketplace, Folsom Field and countless outdoor recreational venues
- Louisville, CO is ideally situated within the Denver MSA – recognized as the 6th fastest-growing city in the United States in recent years
- Strategically positioned just 20 minutes from Boulder and 30 minutes from Downtown Denver
- Located just 30 minutes from the Denver International Airport, the third busiest airport in the world with over 70 million passengers served in 2023 and actively undergoing a $1.3B modernization to accommodate forecasted volume growth of ~145% in the coming years