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7770 S Peoria StEnglewood, CO 80112
Four Points By Sheraton Englewood Centennial Airport
Asset ClassHotel & Hospitality
# Keys132
overview of deal

Overview

The Four Points by Sheraton Englewood Centennial Airport is an upscale hotel featuring 132 spacious guest rooms and several amenities such as an outdoor pool, on-site restaurant and bar, fitness center, meeting space, convenience store and gift shop. The Property is a five-story interior corridor hotel located in Englewood, Colorado. Offering encumbered by Airport Authority Land Lease. The Hotel is currently closed and is slated to reopen in late summer 2024.

 

Centennial Airport in Englewood, Colorado, is a major hub for general aviation, with 362,407 aircraft operations in 2023, making it the busiest general aviation airport in the U.S. and the 18th busiest overall. This high activity level supports local businesses, including hotels, and contributes significantly to the economy. The airport generates an annual economic impact of approximately $2.1 billion, supports around 10,341 jobs, and bolsters payrolls, business revenues, and value-added services, underscoring its critical economic role in the region.

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Investment Highlights

Prime Location with Easy Access to Market Demand Generators: The property boasts a prime location off E Broncos Pkwy, near Interstate 25 and lies conveniently within a 20-mile radius of Downtown Denver. Englewood, Colorado, offers a vibrant mix of recreational activities, including Belleview Park and Pirates Cove Family Fun Aquatic Park, and the prestigious Broken Tee Englewood Golf Course. Cultural enthusiasts can explore the renowned Museum of Outdoor Arts (MOA) and Wings Over the Rockies Air & Space Museum. With the added advantage of a thriving business environment supported by institutions like Swedish Medical Center and Craig Hospital, Englewood provides an ideal setting for families, professionals, and travelers seeking both suburban tranquility and easy access to Denver’s urban amenities.

 

Strategic Location Near Two Airports: Centennial Airport, situated within a mile of the property, stands as one of the nation’s busiest general aviation hubs, catering to a diverse range of users including corporate enterprises, charter operations, medevac and air ambulance services, military and Department of Defense, flight schools, research and development, cargo, and more. Spanning across both Arapahoe and Douglas Counties, Centennial Airport supports over 125 businesses, providing employment for approximately 10,000 individuals. Furthermore, Denver International Airport, located approximately 30 miles away, ranks among the largest and busiest airports in the United States, serving as a pivotal nexus for both domestic and international travel. Boasting remarkable architecture, comprehensive amenities, and streamlined operations, DIA ensures travelers an effortless and pleasurable journey while facilitating connections to destinations across the globe.

 

Strong Global Brand Recognition: The Property is currently brand owned and operated by Four Points by Sheraton as part of the Marriott brand portfolio. Positioned at the intersection of business and leisure, Four Points offers a haven for the smart, independent traveler seeking timeless style, comfort, and genuine service worldwide. With over 200 properties globally, including urban centers, airport locales, beach-side retreats, and suburban havens, Four Points provides a familiar yet authentic experience rooted in local culture.

 

Encumbered by Land Lease: Offering encumbered by Airport Authority Land Lease.

Operating Summary

Year 1 ProForma
Year 2 ProForma
Occupancy
67.1%
69.38%
ADR
$132.22
$133.07
RevPar
$83.05
$92.33
Room Revenue
$4,001,550
$4,448,431
Total Revenue
$4,394,972
$4,853,656
Total Expenses
$2,876,807
$3,146,457
Capital Replacement Reserve
$175,799
$194,146
Management Fee
$130,958
$144,626
Net Operating Income
$1,342,367
$1,513,053
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7770 S Peoria StEnglewood, CO 80112
Centennial Airport
The Family Sports Center
Topgolf
Centennial Center Park
Wings Over the Rockies Air & Space Museum
The Inverness Golf Course
Park Meadows Mall
Sky Ridge Medical Center
South Suburban Golf Course

Sales Team

Christy McDougallAssociate, National Hospitality Division(303) 328-2065Christy.McDougall@marcusmillichap.com
Chris GomesExecutive Managing Director, Investments(972) 786-2719Chris.Gomes@marcusmillichap.com
Allan MillerSenior Managing Director, Investments(512) 203-9154Allan.Miller@marcusmillichap.com

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Listing provided by Revere CRE