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6230 E Pine LnParker, CO 80138
Spark Conversion - Parker, CO
Asset ClassHotel & Hospitality
overview of deal

Overview

Spark by Hilton Parker Denver SE is currently listed for sale exclusively through US Hotel Advisors.

 

The 71-room Hotel opened in 2002 as a Microtel Inn & Suites and most recently operated with Super 8 branding. The Property is currently closed and undergoing a comprehensive renovation and brand conversion to a Spark by Hilton at a cost of $2.4 million ($34k per room). The Spark brand was launched in 2023 to be Hilton’s premium economy concept and is primarily designed for the conversion of existing hotels.

 

Ideally positioned just off Highway 83, minutes from Centennial Airport and the Denver Tech Center, the Hotel is well-located to serve corporate and healthcare travelers. The nearby AdventHealth Parker hospital is currently undergoing a $300 million expansion. Parker has experienced strong population growth over the last ten years fueled by affordable home prices as compared to other cities in the Denver MSA. The vast increase in residents, that continues, will drive leisure demand to the Property well into the future.

 

The Spark by Hilton Parker Denver SE presents a compelling opportunity to acquire a turn-key, repositioned Hilton-branded hotel in one of the Denver metro’s most dynamic submarkets at well below replacement cost.

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Investment Highlights

  • Fully Renovated Hilton Conversion — Delivered Turn-Key
  • Premium Economy Positioning
  • Significant Upside Potential
  • Offered Below Replacement Cost
  • $600M+ in Surrounding Development
  • Unencumbered by Management — Operational Flexibility
  • Strategic Location with Strong Connectivity
  • High-Growth Submarket with Expanding Demand Drivers
  • Limited Future Supply
6230 E Pine LnParker, CO 80138
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Listing provided by Revere CRE