8300 Arista Pl, Broomfield, CO, 80021-4147, US

Aloft Broomfield Denver

Attributes

Number of units

139

Year built

2009

Building area net

11,520 m²

Land area net

1.11 ha

Description

JLL’s Hotels & Hospitality Group, in conjunction with RealINSIGHT Marketplace, has been retained to offer for sale the fee simple interest in the 139-room Aloft Broomfield Denver (the “Hotel” or “Property”) located in one of the nation's most dynamic growth markets. Built in 2009 as one of the first Aloft Hotels in the U.S., the Property boasts larger event, outdoor space, and back-of-house areas that are not typical to the brand prototype, featuring ±3,488 square feet of flexible meeting and event space including a 3,100-square-foot ballroom alongside an indoor swimming pool and fully equipped fitness center. The Hotel is strategically situated in the heart of Arista Broomfield, a growing transit-oriented live-work-play development just 15 minutes from downtown Denver and Boulder, and within three miles of Broomfield's largest employers including Oracle, Mile High Labs, Lumen Technologies, and Ball Aerospace.

Currently ranking 5th out of 7 hotels in its competitive set, the Property presents substantial upside potential for new ownership to capture market share through enhanced management strategies and targeted capital improvements, with the added benefit of being offered unencumbered of management and generating strong third-party lease income. The Hotel benefits from its location within the Denver MSA, which ranks #4 for business and careers by Forbes and has experienced remarkable economic momentum with 26% job growth over the past decade while attracting over 80 corporate relocations since 2020. Trading at a significant discount to replacement cost in today's elevated construction environment where hotel development exceeds $300,000 per key, the offering represents an exceptional opportunity to acquire a well-positioned asset with unique amenities in a market that continues to demonstrate sustained lodging demand growth.

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Investment Highlights

Prime Location in Growing Denver Suburb: Broomfield is strategically positioned within the Denver-Aurora-Lakewood MSA, one of the nation's most dynamic growth markets that ranks #4 for business and careers by Forbes and #6 for best economy in the United States by Wallet Hub. The Denver metro has experienced substantial employment growth with a 26% increase in total jobs over the past decade while maintaining one of the lowest unemployment rates among major metros at just 3.4%. Denver's emergence as a major destination for corporate relocations has attracted over 80 companies since 2020 from established markets including San Francisco, New York, and Austin, driving sustained demand for quality accommodations. The Hotel benefits from this broader economic momentum while being situated in Broomfield's growing biotech corridor, with major developments including the Colorado Research Exchange life science campus and Simms Technology Park creating additional corporate demand generators within close proximity.
Convenient to Industry Giants: The Aloft is within five miles over 14.5 million square feet of office space whose largest tenants include Maxar, Gogo, Lumen, Ball Corporation, SCL Health System, Oracle. The Hotel is in the heart of Arista Broomfield, a growing transit oriented live-work-play development just 15 minutes from downtown Denver and Boulder.
Unique, Extensive Meeting Space: Originally developed as one of the first Aloft Hotels in the U.S., the Property has a number of full service features not typical to the brand prototype including a 3,100-square-foot ballroom (260-person capacity) adjacent to a unique outdoor event space and expansive back of the house areas. New ownership can capitalize on this rare combination of select-service efficiency with full-service meeting capabilities to capture higher-rated group business and social events that competitors cannot accommodate.
Significant Value-Add Opportunity: The Property currently ranks 5th out of 7 hotels in the competitive set, presenting substantial upside potential for new ownership to capture market share through improved management strategies and targeted capital improvements. While the Property is in good condition, strategic upgrades will refresh the asset and allow new ownership to recapture lost occupancy and substantially increase average rate, driving meaningful RevPAR growth.
Discount to Replacement Cost: The offering represents a significant discount to replacement cost in today's elevated construction environment, with current hotel construction costs exceeding $300,000 per key in the Denver market. New ownership can acquire this well-located, established 139-room asset at a fraction of the cost to develop a comparable property from the ground up, providing immediate value creation potential.