83 120Th AveThornton, CO 80233

For Sale
$17,800,000

137-key hotel, prime location, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 137-key DoubleTree by Hilton Hotel in Thornton, Colorado, presents a lucrative investment opportunity. Located on a 6.71-acre lot, this five-story, 1984-built hotel boasts 17,540 square feet of banquet space, including a 6,400-square-foot ballroom, ideal for conferences and events. The property features an indoor pool, fitness center, business center, and on-site restaurant and lounge. Its prime location offers easy access to Interstate 25, Downtown Denver (under 15 miles), and major attractions like Coors Field and Denver Premium Outlets. The hotel's proximity to Denver International Airport (22 miles), which saw a record 77.8 million passengers in 2023, ensures consistent high occupancy. Over $4 million in capital expenditures since 2023 have enhanced guest rooms, hallways, lobby, and meeting rooms. The hotel's affiliation with the Hilton brand provides access to a robust reservation system and the extensive Hilton Honors program (173+ million members). In 2023, the hotel generated $5.16 million in gross revenue and $1.33 million in net operating income (25.8% NOI margin), offering significant upside potential through improved management strategies. This fee-simple offering is unencumbered by debt or management contracts. Asking price: $17,800,000.

Highlights

  • $17,800,000 asking price for fee-simple ownership of the DoubleTree by Hilton Hotel Denver - Thornton.
  • 137-key, full-service hotel with an indoor pool, fitness center, business center, meeting rooms, and on-site restaurant/lounge.
  • Five-story, 17,540 sq ft of banquet space (largest room 6,400 sq ft).
  • Excellent location near I-25, less than 15 miles from Downtown Denver, and 22 miles from Denver International Airport (DEN).
  • Over $4 million in capital expenditures since 2023, improving guest rooms, hallways, lobby, and meeting rooms.
  • Strong Hilton brand affiliation with the Hilton Honors program.

Property Details for 83 120Th Ave

Property type
Other hospitality properties, Hotels
Year Built
1984
Stories
5
Lot Size (sq. ft)
292,288 SF

Location Insight

City
Thornton
County
Adams
State
Colorado
Latitude
39.915225236683
Longitude
-104.9875493252
83 120Th Ave, Thornton, Colorado

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83 120Th Ave
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