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Courtyard by Marriott in Aurora Sells for $27.9M

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The newly constructed, four-story, 141-room Courtyard by Marriott Denver-Aurora hotel in Aurora, recently sold to Legendary Capital for $27.9 million.

Completed in 2020, the hotel is located directly behind the 2nd Avenue & Abilene light rail station near the University of Colorado Anschutz Medical Campus. Denver’s completely redesigned Rocky Mountain Regional VA Medical Center Hospital and one of the nation’s top life sciences research campuses, the Fitzsimons Innovation Community, are nearby.

“The hotel has received its Certificate of Occupancy and is ready to open for business. National Hospitality Services will manage the property,” said Gordon Allred, senior managing director investments in Marcus & Millichap’s Ontario office. Allred and Joshua S. Tammen, vice president investments in Phoenix, handled the brokerage assignment. Adam Lewis, Marcus & Millichap’s broker of record in Colorado, assisted in closing the transaction.

The Courtyard by Marriott Denver-Aurora has a spacious first floor with several seating areas, a bar/lounge/Bistro area, and a 24-hour front desk. Additional amenities include a business center, three meeting rooms, a fitness center, an outdoor patio with seating and firepit, and valet laundry service. “Designed for energy cost savings, the hotel complies with the highest energy efficiency standards,” noted Tammen. A two-story, 55,715- square-foot parking deck provides ample guest parking.

 

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