Westmont Hospitality acquires DIA Embassy Suites for $49.5 million

Denver County

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.