8701 Turnpike Dr - Hospitality FOR SALE


Westminster, CO 80031
$8,700,000 USD
602-478-9636
8701 Turnpike Dr, Westminster, CO for Sale
$8,700,000 USD
Hospitality - FOR SALE
1/19
null | Request Cap Rate

8701 Turnpike Dr
Westminster, CO 80031


HIGHLIGHTS

  • 130 units, three-story, exterior corridor
  • 2024 Room Revenue: $2,322,039
  • Well priced at $66,923/key
  • Just 12 miles from Downtown Denver, CO and 17 miles from Boulder, CO
  • Conveniently located off US Highway 36

OVERVIEW

NewGen Advisory is pleased to present for sale the La Quinta Inn by Wyndham - Denver Westminster, CO. This hotel is conveniently located with easy access and visibility from US highway 36, just 12 miles northwest of Downtown Denver and 17 miles southeast of Boulder, CO. The La Quinta Inn by Wyndham - Denver Westminster, CO, offers 130 guestrooms across a three story, exterior corridor design, making this hotel a valuable addition to any investor’s portfolio. The property is well priced at $66,923/key and 3.74x the 2024 room revenue. Westminster, Colorado, is a thriving suburban city located northwest of Denver, known for its scenic beauty, vibrant community, and convenient access to both urban and outdoor attractions. With a population of over 100,000, Westminster offers a mix of residential neighborhoods, shopping centers, and recreational areas, including the picturesque Standley Lake, a popular spot for kayaking, fishing, and hiking. The city is home to the historic Westminster Castle, often called the "Big Red Castle," which adds a unique architectural charm. Westminster's extensive trail system and open spaces make it an ideal location for outdoor enthusiasts, while its proximity to major highways provides easy access to downtown Denver and Boulder. As a growing economic hub, the city continues to attract businesses, families, and individuals seeking a high quality of life with a balance of urban and natural amenities.

FOR SALE DETAILS

PRICE

$8,700,000 USD

PRICE/SF

$154 USD /SF

# OF ROOMS

130

PRICE/ROOM

$66,923 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn by Wyndham Denver Westminster

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1986

PARKING SPACES

158

LAND DETAILS

LAND ACRES

2.53 AC

LAND SF

110,173 SF

ZONING

PUD

APN/PARCEL ID

1719-30-2-23-004

ASK ABOUT THIS PROPERTY

Dinesh Dan RamaNewGen AdvisoryMore Info
602-478-9636

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Dinesh Dan RamaNewGen AdvisoryMore Info
602-478-9636

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.