Stapleton’s hot hotel market has third sale in six months

stapletonHotelsale

Hotels built for travelers at the old Stapleton Airport keep going to market.

Kansas City-based Genesis Cos. bought the Quality Inn Denver Stapleton at 3737 Quebec Ave. last week for $11.2 million. It’s at least the third Stapleton hotel to change hands in the last six months after the Renaissance Hotel next door and a 300-room Holiday Inn sold last fall.

The deal closed March 28. Denver hotel developer Kumar Merchant was the seller. He bought the property for $3.6 million in 2008, Denver city records show.

The Quality Inn has about 130 rooms, which pegs the sales price near $86,230 per door. The building was constructed in 1967, according to the city assessor’s website, and the hotel’s website said it was renovated recently.

Rooms started at $108 per night on the hotel’s website Friday afternoon.

stapletonHotelsale

Hotels built for travelers at the old Stapleton Airport keep going to market.

Kansas City-based Genesis Cos. bought the Quality Inn Denver Stapleton at 3737 Quebec Ave. last week for $11.2 million. It’s at least the third Stapleton hotel to change hands in the last six months after the Renaissance Hotel next door and a 300-room Holiday Inn sold last fall.

The deal closed March 28. Denver hotel developer Kumar Merchant was the seller. He bought the property for $3.6 million in 2008, Denver city records show.

The Quality Inn has about 130 rooms, which pegs the sales price near $86,230 per door. The building was constructed in 1967, according to the city assessor’s website, and the hotel’s website said it was renovated recently.

Hotels built for travelers at the old Stapleton Airport keep going to market.

You must be a member to access BusinessDen's exclusive reporting.

Your subscription has expired. Renew now by choosing a subscription below!

For more information, head over to your profile.

Profile


SUBSCRIBE NOW

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING AARON@BUSINESSDEN.COM.

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.




Return to Homepage

8262

Leave a Reply

Your email address will not be published. Required fields are marked *