REAL ESTATE FUNDAMENTALS
Ideally located just outside of Denver, at the intersection of Highway 285 and Highway 121, providing exceptional visibility and convenient access for travelers with seamless connections to key destinations throughout the Denver area.
CLOSE PROXIMITY TO NOTABLE ATTRACTIONS
Positioned within a ±10 minute drive from the renowned Red Rocks Amphitheatre, widely regarded as the #1 concert venue in the country which generates an annual ±$720M in economic output, providing high demand for local hotels.
STRONG ROOM SALES PERFORMANCE
The property generates high room sales, benefiting from its favorable location and high demand from both business and leisure guests. However, it remains slightly underperforming compared to the competitive set, presenting significant upside potential for growth.
BUSINESS HUB FOR MULTIPLE SECTORS
Lakewood benefits from its proximity to Denver while maintaining a diverse local economy. The city hosts a variety of industries including technology, advanced manufacturing, healthcare, and retail. Major employers include Lockheed Martin, which operates a large aerospace and defense facility, and Saint Anthony Hospital, a leading medical institution.
STEADY POPULATION GROWTH
Lakewood has seen a 13% population increase from 2010 to 2020, strengthened by the consistent growth in the Denver MSA.
STRONG BRAND & SMOOTH OWNERSHIP TRANSFER
As part of the reputable Best Western brand, the hotel benefits from strong customer loyalty and recognition, ensuring a steady flow of repeat business. Additionally, Best Western offers a streamlined ownership transfer process, providing a smooth transition while maintaining operational stability.
Broker of Record
Brayden Conner
License No. EC.100099522 (CO)