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19302 Cottonwood DrParker, CO 80138
Parker, Colorado Limited-Service Hotel Development
Asset ClassHotel & Hospitality
overview of deal

Overview

HREC Investment Advisors (“HREC IA”) is pleased to offer to qualified investors the opportunity to acquire the fee simple interest in a partially constructed, limited-service hotel development with 60 keys, located at 19302 Cottonwood Dr in Parker, Colorado (“Hotel ” or “Property”). The Property is being offered "as-is."

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Investment Highlights

Investment Highlights:

  • Significant Work Completed To Date: Construction paused in 2022, but much of the interior and exterior work has been completed.
  • Unencumbered by Brand: The Property is offered "as-is," without a brand, giving the new owner the flexibility to choose a brand that best suits their portfolio. The incomplete building allows significant flexibility to complete the asset according to the buyer's chosen brand standards.
  • Limited Competition: This area of Denver's suburbs lacks extended-stay options, including many of the new brands that have emerged over the last few years, making this a prime opportunity.
  • Well-Below Replacement Cost: The cost to complete the work on the Hotel is significantly less than constructing a new site.

For More Information:

  • See detailed pictures in the Virtual Deal Room.
  • Contact HREC to schedule a property tour (by appointment only).
19302 Cottonwood DrParker, CO 80138

Sales Team

Chris SteinSenior Vice President303.669.6793cstein@hrec.com
George DavisAssociate205.777.1180gdavis@hrec.com

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Listing provided by Revere CRE