14571 E Colfax Ave

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Address: 14571 E Colfax Ave, Aurora, Colorado, US
Created date: March 19, 2024
Date last updated: April 29, 2024
  • 90 Non-smoking guestrooms
  • Four Story, interior corridor
  • Four minutes from the Ford Convention Center
  • In addition to the Anschutz Medical Campus and surrounding submarket the hotel generates significant room nights from Denver Intl. Airport compression

Property Description

The Comfort Suites is situated near the Anschutz Medical campus in Aurora, Colorado, within the metro Denver area and to the south of Denver International Airport. The medical campus comprises the CU Medical School, encompassing six medical schools, UC Health, Children’s Hospital, and the Denver VA, a renowned Veterans facility catering to the diverse needs of active and retired service personnel. Covering 256 acres, the medical campus has significantly revitalized this section of Aurora, with ongoing development poised to generate lasting demand for decades to come. While the medical campus stands as the primary demand generator, the hotel also benefits from airport and leisure guests, driven by the continuous expansion of Denver International Airport. However, land and construction costs, coupled with recent interest rate fluctuations, have tempered new development, slowing the influx of hotel room supply in the market. Furthermore, the city of Denver and other municipalities have acquired nearly a dozen hotels, some in close proximity to Aurora, thereby reducing room inventory and consequently elevating rates in the market. This presents a remarkable opportunity to invest in an asset in one of the most coveted cities in the country, where REVPAR (Revenue Per Available Room) continues to ascend.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Hospitality
No. of Units: 90
Year Built: 2017
Lot Size: 1.54 Sq ft
Opportunity Zone: No
Property Website Click Here
Address: 14571 E Colfax Ave, Aurora, CO 80011, USA
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