255 N Blackhawk StAurora, CO 80011
Courtyard Denver Aurora
Asset ClassHotel & Hospitality
Overview
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee simple interest in the 2021-built, 141-room Courtyard Denver Aurora, located at 255 N Blackhawk Street, Aurora, CO 80011 (“Hotel” or “Property”).
Investment Highlights
- Institutional Quality Asset: Opened in March 2021, the Courtyard will likely only require a minimal PIP investment, as one of the newest hotels in its submarket. The Hotel stands out as an institutional-grade asset in excellent condition within one of the nation's largest metro markets.
- Prime Transit Access: The Courtyard Denver Aurora sits steps from the 2nd Avenue & Abilene RTD Light Rail Station on the R Line, linking directly to the A Line for Denver International Airport (DIA) and H Line for Downtown Denver. As one of the few hotels within walking distance of the light rail in the eastern portion of the metro area, the Courtyard holds a clear competitive edge, enhanced by its prominent location along Interstate 225.
- RevPAR Upside with Hands-On Management: Through the November 2025 TTM period, the Courtyard ranks 5th out of 6 in its competitive set with 83.9% RevPAR penetration, reflecting limited ramp-up time following its pandemic-era opening. A hands-on, owner-operator approach would likely capture greater market share through targeted revenue strategies and optimized rate positioning, meaningfully lifting bottom-line NOI.
- Diverse Demand Generators in the Area: Beyond Fitzsimons as the primary economic engine for the area, proximity to Buckley Space Force Base and defense contractors RTX (Raytheon) and Northrop Grumman drives military and contractor demand, while the Aurora Sports Park generates significant leisure demand from sports teams. Amazon’s four Aurora distribution centers support logistics traffic, and Gaylord Rockies convention center generates consistent overflow, complemented by Denver’s robust ski season, sports team visitors, and regional business travel.
- Significant Growth at Denver International Airport: Denver International Airport continues to be a major demand generator for this submarket and Denver overall. Approximately 82.4 million passengers utilized DIA in 2023, and the Vision 100 initiative now anticipates that DIA will see 100 million annual passengers sooner than originally envisioned, as the new target is now 2027 rather than 2032.
- Offered Unencumbered by Management
- Fee Simple Interest
255 N Blackhawk StAurora, CO 80011
Sales Team
Listing provided by Revere CRE