AWH Partners has acquired a dual-branded Residence Inn/Fairfield Inn & Suites property in Broomfield, Colorado. The real estate investment firm used its proprietary technology and data platform to identify this under-valued asset in the hospitality industry for revenue growth. The hotel will now be managed by Spire Hospitality, a subsidiary of AWH Partners.
Located between Denver and Boulder, Broomfield is experiencing rapid growth due to industries like aerospace, energy, life sciences, and technology. The acquisition price of $137,000 per key is considered a substantial discount, offering a 9.5% going-in cap rate for investors. The property’s historical cash flows and long-term fixed-rate financing are expected to provide exceptional returns.
The aerospace industry in the Denver-Boulder area has grown significantly over the past 20 years, with Denver-Boulder being a top U.S. life sciences real estate market. The dual-destination property offers extended-stay suites, guest rooms, dining options, and corporate event facilities, catering to the growing demand in the area.
AWH Partners, founded in 2010, has invested over $2 billion in hospitality real estate and has a vertically integrated approach to sourcing, developing, and managing assets. The firm’s principals have extensive experience in real estate and finance, with a focus on strategic partnerships and high-performance assets. With Spire Hospitality providing management services, AWH Partners continues to expand its portfolio and presence in the industry.