Property Location: 7001 Yampa St., Denver Embassy Suites
Property Description: 174 (renovated, two-room) hotel suites within six-story hotel, 174,550 sf, YOC 2002, renovated 2016, 24-hour fitness center, 4,000-sf ballroom
Land Size: 4.29 acres
Sales Price: $49.54M, or $283.81 psf, or $284,705 per unit
Reception No.: 2018097857
Closing Date: 8/1
Grantor: AP/AIM DIA Suites LLC, c/o Blackstone Real Estate Advisors (Brian Kim)
Grantee: Yampa Hotel Owner LLC, c/o Westmont Hospitality, Houston, TX 77057
Financing: $174.01M payable to Acore Capital Mortgage LP, Larkspur, CA
Comments: Lot 1, Denver International Business Center, Filing No. 9, see 2001043013. See APN: 4013-53-164. Deed of trust may be blanket mortgage. Buyer contact is Nolan Hecht, 212-247-5333.
Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.