HREC Investment Advisors arranged the sale of the 213-room Quality Inn Central Denver located in Denver, Colo. The hotel was purchased by DEN 8888, a private investment partnership.
Jeffrey Duni and Mike Dube in HREC Investment Advisors’ Denver office exclusively represented the seller, Denver Heights International, during the transaction. “The Quality Inn Central Denver is located in the Globeville District, a burgeoning redevelopment area just northwest of downtown Denver," Duni said in a statement. "Along with the planned $1-billion masterplan redevelopment of the National Western Complex, the surrounding neighborhood will be significantly transformed in the coming years. The seller had done a tremendous job of turning around the asset in the last five years, creating value and demonstrating the viability of this hotel sub-market. The Buyer group is poised to take the asset to the next level, so it is a win-win deal for both parties."
The hotel was built in 1971, contains approximately 5,000 square feet of event and meeting space and is located proximate to the National Western Complex, downtown Denver, Pepsi Center, Elitch Gardens, Mile High Stadium and the RiNo District.
The property offers a complimentary breakfast buffet, free parking, free Wi-Fi, a 24-hour mini mart, complimentary shuttle, game room, and a lobby bar and restaurant. The property also has an outdoor pool and patio.
HREC is a lodging and gaming real estate advisory firm specializing in property sales, mortgage brokerage, equity/JV structuring, consulting (market studies and appraisals) and litigation support.