The Extended Stay America at Denver Tech South presents a unique opportunity to acquire a stabliized hospitality investment with potential for a multifamily conversion given its construction and access to the Denver Tech Center rental market. The property features +/- 56,184 square feet across three 3-story buildings on a +/- 3.67 acre lot with 142 turn-key units. Featuring a mix of standard, king, and deluxe units, the multifamily conversion offers flexibility with studio and 1-bed layouts. All units include kitchenettes, living areas, and are individually metered for utilities. Average income per room sits just below $1800/month and occupancy around 90% for the trailing 12 months, putting this property’s performance at or above expectation for hospitality product in this submarket. The combination of competitive in-place income and a location with robust rental growth and close proximity to one of Denver’s premier employment hubs makes this opportunity suitable for a variety of investor groups locally and nationally.
Property Type: Hospitality,
County: Arapahoe,
Year Built/Renovated: 1997/2015 & 2023,
# Buildings: 3,
# Stories: 2,
# Units: 142,
GBA: 56,184 SF,
Lot Size: 159,865 SF,
Construction: Stick Frame - Stucco,
Roof Type: Pitched,
Parking: Surface | 133 Spaces,
Water/Sewer: Individual,
Gas/Electric: Master/Individual,
Zoning: GMC