CBRE Hotels Institutional Group presents the Hilton Garden Inn Denver Tech Center, a premier select service, significant value add, fee simple, 180 key offering located in the heart of Denver’s premier economic trading center for local, national, and international business.
Investment Highlights
Strategic Location
The Hilton Garden Inn is favorably located in the heart of the Denver Tech Center, a submarket that includes over 37 million square feet of office, some of the region’s most affluent executive housing and the region’s largest mall. Interstates 25 and 225 provide direct access to both downtown Denver and the Denver International Airport.
Belleview Station, one quarter mile from the hotel, is a new +50-acre master planned development, oriented around a light rail station. The corporate headquarters of Vectra Bank, Newmont Mining and Western Union are located in the development. Other major office users adjacent to the hotel are Aecom, Oracle and Zoom, to name just a few.
Significant Value Add Opportunity
After completing an estimated $6M ($33k per key) change of ownership PIP, addressing both hard and soft goods, the Hilton Garden Inn is poised to recapture high rate corporate business, and improve NOI margin levels to the 30% level achieved historically.
Institutional Quality Asset
The 7-story, Hilton Garden Inn is concrete and steel construction on an expansive 4-acre site.
Flexible Offering
Offered fee-simple, non-union and unencumbered of management, the Hilton Garden Inn offers complete operational flexibility.
Premium Brand Investment
One of the world’s largest and most diversified hotel companies, Hilton has approximately 6,500 properties,
with over 860 Hilton Garden Inns globally.
On average the company’s global brands drive a 15% RevPAR market premium while the award-winning,
Hilton Honors, guest loyalty program of +146 million worldwide members generates more than 65% of nights booked.
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