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13851 E Harvard AveAurora, CO 80014
Fairfield Inn & Suites Denver Aurora Medical Center
Asset ClassHotel & Hospitality
# Keys83
Fairfield Inn & Suites Denver Aurora/Medical Center
overview of deal

Overview

Fairfield Inn & Suites Denver Aurora/Medical Center is an upscale Marriott International-branded property featuring 83 rooms and a comprehensive array of amenities including a business center, indoor pool, hot tub and fitness center. Located at 13851 E Harvard Ave in Aurora, CO, and built in 1999, the hotel spans 2.32 acres. A full renovation was completed in 2018 and recent upgrades in 2022 included resurfacing of parking lot, landscaping upgrades, adding a decorative perimeter fencing, new signage, and HVAC system upgrades. In 2024, the pool and spa underwent resurfacing, with additional enhancements scheduled for completion by year-end. These include upgraded TV services, WiFi infrastructure, and the installation of new mattresses by the end of July, promising modern comforts for all guests.Positioned to cater effectively to both business and leisure travelers within Aurora’s bustling medical center district, this well-appointed hotel offers an advantageous investment opportunity.

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Investment Highlights

Logistical and Business Hub Within Denver-Aurora-Lakewood MSA: Aurora, CO resides within the Denver-Aurora-Lakewood Metropolitan Statistical Area (MSA), a pivotal economic hub renowned for its diverse sectors including aerospace, healthcare, technology, and energy. As the second-largest city in the Denver metropolitan area, Aurora plays a critical role in the MSA’s economic landscape, attracting investors seeking stable and diverse opportunities. The city’s strategic location, approximately 10 to 15 miles from downtown Denver, ensures close proximity and easy access, with a drive time of about 20 to 30 minutes depending on traffic conditions. Aurora is also conveniently positioned for business engagements across Colorado, with approximately a 1-hour drive to Colorado Springs, 30-40 minutes to Boulder, an hour to Fort Collins, an hour to Greeley, and about 2 hours to Pueblo. This central location enhances Aurora’s appeal as a logistical and business hub, supported by robust infrastructure, a skilled workforce, and a favorable business climate, making it an ideal investment destination for long-term growth and success in a dynamic economic environment.

 

Prime Investment Opportunity in Marriott’s Prestigious Hospitality Portfolio: Fairfield Inn & Suites, a distinguished Marriott brand, caters to travelers seeking modern comforts and functionality. Known for its commitment to providing complimentary breakfast, flexible workspaces, free WiFi, and thoughtfully designed rooms, Fairfield Inn & Suites aligns seamlessly with Marriott’s reputation for delivering exceptional upper upscale, upscale, and luxury hospitality experiences. As part of Marriott’s expansive portfolio, Fairfield Inn & Suites stands out for its practical yet stylish accommodations, appealing to both business and leisure travelers alike. This brand’s emphasis on convenience, connectivity, and guest satisfaction positions it as a compelling investment opportunity within Marriott’s globally recognized hospitality framework.

 

Situated Among Top Attractions Ensures Year-Round Guest Appeal: The hotel’s strategic location near diverse demand generators in Denver presents a compelling opportunity for investors seeking a prime hospitality asset. Positioned close to key attractions such as Wings Over the Rockies Air and Space Museum (7.1 miles) and the Denver Zoo (10.6 miles)—which welcomes over 2 million visitors annually, earning it the distinction as Colorado’s most visited cultural destination—guests are attracted to convenient access to cultural and educational experiences. Sports enthusiasts can easily attend games at the iconic Coors Field with capacity of over 50,000 – home to the MLB Colorado Rockies (18.3 miles), while the nearby Denver Botanic Gardens (9.8 miles) offers serene retreats for nature enthusiasts and welcomed over one million visitors in 2022 per their published annual report. The University of Denver (10.2 miles) with enrollment of approximately 12,000, enhances the hotel’s appeal with steady academic traffic, complemented by vibrant events at Fiddler’s Green Amphitheater (8.1 miles), catering to entertainment seekers. For outdoor enthusiasts, Cherry Creek Reservoir (4.0 miles) provides a range of recreational activities, ensuring a year-round draw for leisure travelers. This diverse range of nearby attractions not only enhances guest satisfaction but also positions the hotel as a lucrative investment opportunity in Denver’s thriving hospitality market.

 

Within 10 Mile Radius of Robust Healthcare Facilities: The hotel is within proximity of several hospitals specializing in different medical fields. The Medical Center of Aurora (2.5 miles), a trusted healthcare institution with 269 beds, renowned for its excellence in medical services and advanced healthcare offerings in the Aurora and Greater Denver communities. Additionally, UCHealth University of Colorado Hospital (UCH – 6.3 miles) located less than seven miles from the hotel, a teaching hospital affiliated with the University of Colorado School of Medicine, boasts over 700 beds. Children’s Hospital Colorado Anschutz Medical Campus (5.7 miles), with over 450 beds, is recognized for treating more children than any hospital in the seven-state region, providing specialized medical care that enhances the area’s reputation as a healthcare destination. This network ensures guests, including families and other visitors, have convenient access to top-tier medical facilities while enjoying accommodations in Aurora, adding significant value and reassurance to their stay.

 

Aurora’s Diverse Economy Anchored by Leading Employers: Beyond healthcare, Aurora’s economic landscape includes prominent firms nearby the hotel like Graebel Companies (8.0 miles) which maintains global headquarters in Aurora, and employs approximately 1000, while Buckley Space Force Base (5.8 miles) hosts 3100 active members, 400 national guard personnel, 2400 civilian volunteers plus contractors and retirees. Within the MSA, and approximately six miles from the property, the Denver Tech Center is one of Denver’s premier economies employing a workforce of more than 35,000 as home to more than 1,000 companies.

 

Strategic Airport Access Enhances Hotel Appeal and Accessibility: The hotel enjoys a prime location with proximity to Denver International Airport (DIA), situated approximately 20 miles away, and Centennial Airport, located approximately 10 miles from the property. These airports provide convenient access for travelers arriving or departing from Aurora, enhancing the hotel’s appeal for transient guests and business travelers. With seamless connectivity to major domestic and international destinations, the hotel offers practical and comfortable accommodations ideal for layovers or early morning flights. Additionally, the proximity to both airports ensures easy access to Aurora’s key attractions and business districts, maximizing convenience and comfort for all visitors during their stay.

 

 

Operating Summary

TTM August 2024
Year 1 ProForma
Occupancy
72.6%
75.5%
ADR
$101.77
$110.65
RevPar
$73.90
$83.56
Room Revenue
$2,244,886
$2,531,511
Total Revenue
$2,317,525
$2,606,623
Total Expenses
$2,096,313
$1,808,997
NOI
$128,512
$693,361
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13851 E Harvard AveAurora, CO 80014
UCHEALTH UNIVERSITY OF COLORADO HOSPITAL (UCH)
CHILDREN’S HOSPITAL COLORADO ANSCHUTZ MEDICAL CAMPUS
UNIVERSITY OF COLORADO ANSCHUTZ MEDICAL CAMPUS
ROSE MEDICAL CENTER DENVER, CO
THE MEDICAL CENTER OF AURORA
AURORA HISTORY MUSEUM
STANLEY MARKETPLACE
CHERRY CREEK RESERVOIR
COLORADO FREEDOM MEMORIAL
PLAINS CONSERVATION CENTER
WINGS OVER THE ROCKIES AIR AND SPACE MUSEU
FIDDLER’S GREEN AMPHITHEATER
DENVER BOTANIC GARDENS

Sales Team

Chris GomesExecutive Managing Director Investments(972) 786-2719chris.gomes@marcusmillichap.com
Adam Lewis- Broker of RecordLic #: ER.100091205(303) 328-2000 adam.lewis@marcusmillichap.com

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Listing provided by Revere CRE