Extended Stay America Suites Denver-Tech | 9650 East Geddes Rd
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Extended Stay America Suites Denver-Tech 9650 East Geddes Rd
132 Room Hotel Englewood, CO 80112 For Sale
Investment Highlights
- 142 existing turnkey units - 10 currently used for storage
- Consistently stable occupancy at 90%
- Flexible configurations for a mix of studio & 1-bed units
Executive Summary
The Extended Stay America at Denver Tech South presents a unique opportunity to acquire a stabliized hospitality investment with potential for a multifamily conversion given its construction and access to the Denver Tech Center rental market. The property features +/- 56,184 square feet across three 3-story buildings on a +/- 3.67 acre lot with 142 turn-key units. Featuring a mix of standard, king, and deluxe units, the multifamily conversion offers flexibility with studio and 1-bed layouts. All units include kitchenettes, living areas, and are individually metered for utilities. Average income per room sits just below $1800/month and occupancy around 90% for the trailing 12 months, putting this property’s performance at or above expectation for hospitality product in this submarket. The combination of competitive in-place income and a location with robust rental growth and close proximity to one of Denver’s premier employment hubs makes this opportunity suitable for a variety of investor groups locally and nationally.
Property Type: Hospitality,
County: Arapahoe,
Year Built/Renovated: 1997/2015 & 2023,
# Buildings: 3,
# Stories: 2,
# Units: 142,
GBA: 56,184 SF,
Lot Size: 159,865 SF,
Construction: Stick Frame - Stucco,
Roof Type: Pitched,
Parking: Surface | 133 Spaces,
Water/Sewer: Individual,
Gas/Electric: Master/Individual,
Zoning: GMC
Property Type: Hospitality,
County: Arapahoe,
Year Built/Renovated: 1997/2015 & 2023,
# Buildings: 3,
# Stories: 2,
# Units: 142,
GBA: 56,184 SF,
Lot Size: 159,865 SF,
Construction: Stick Frame - Stucco,
Roof Type: Pitched,
Parking: Surface | 133 Spaces,
Water/Sewer: Individual,
Gas/Electric: Master/Individual,
Zoning: GMC
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- High Speed Internet Access
- Patio
- Public Access Wi-Fi
- Smoke-Free
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 132 | £75.66 | - |
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PROPERTY TAXES
| Parcel Number | 2075-27-3-15-001 | Total Assessment | £1,713,209 (2024) |
| Land Assessment | £0 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
2075-27-3-15-001
Land Assessment
£0 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£1,713,209 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | GMC |
| GMC |
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Extended Stay America Suites Denver-Tech | 9650 East Geddes Rd
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