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9231 E Arapahoe Rd
Greenwood Village, CO 80112 Denver Tech Center

$18,000,000 USD

Hotel For Sale  •  35,318 SF

Property Details

  • Property Type Hotel
  • Total Building Size 35,318 SF
  • Lot Size 2.32 AC
  • Building Class B
  • Year Built 1986
  • Zoning M-C Mixed Commercial
30 Transit Score
50 Walk Score

Description

Highlights:
1. Newly opened dual-flag IHG: 80-key Holiday Inn Express + 63-suite Candlewood under one roof
2. Complete 2025–26 conversion renovation — brand-current interiors, no near-term PIP
3. Existing mortgage holder will finance qualified buyers — rare execution certainty
4. ~$126K/key — below replacement cost in an infill, high-barrier DTC submarket
5. I-25 & Arapahoe interchange; 1 mi to DTC and Fiddler's Green, walkable to RTD light rail
6. Two demand segments, one payroll: transient + extended-stay smooths seasonalityNewly converted, fully renovated dual-brand IHG hotel. 

Colorado Hospitality is pleased to present the fee-simple sale of the Holiday Inn Express & Suites and Candlewood Suites Greenwood Village – Denver Tech Center, a newly opened, dual-branded IHG hotel totaling 143 keys in one of metro Denver’s strongest suburban lodging markets. Following a comprehensive, top-to-bottom conversion renovation completed for its 2026 dual-flag launch, the five-story property pairs an 80-room Holiday Inn Express & Suites — the transient workhorse of the IHG family — with a 63-suite Candlewood Suites extended-stay hotel, all under one roof with a shared lobby, breakfast room, and back-of-house for exceptional operating efficiency.
The two-flag structure lets ownership capture both sides of the demand curve: corporate transient and weekend leisure guests on the Express side, and long-length-of-stay project, relocation, and training demand on the Candlewood side — smoothing seasonality and driving blended RevPAR with a single staff, one GM, and one set of fixed costs.

The hotel sits just east of the I-25/E. Arapahoe Road interchange in Greenwood Village, at the southern gateway to the Denver Tech Center — a corridor anchored by Fortune 500 employers, 40+ million square feet of office space, Fiddler’s Green Amphitheatre (1 mile), Park Meadows Mall (3 miles), and Centennial Airport (3 miles), with RTD light rail within walking distance at Arapahoe at Village Center Station. Guest amenities include complimentary Express Start hot breakfast, a seasonal outdoor pool with complimentary poolside gas grills, a 24-hour fitness center, guest laundry, a 24-hour market, coworking-style lobby workspace, abundant free surface parking, and pet-friendly rooms. Candlewood suites feature fully equipped kitchens (full-size refrigerator, stovetop, dishwasher, cookware) and weekly housekeeping for the extended-stay guest.

Pricing of $18,000,000 equates to approximately $126,000 per key — well below replacement cost for a renovated, dual-branded select-service asset in an infill, high-barrier-to-entry submarket. The existing mortgage holder is prepared to provide financing to a qualified buyer, offering a rare execution advantage in the current rate environment. Financial details, brand/franchise information, and financing terms will be made available to qualified buyers upon execution of a confidentiality agreement.

Amenities:
•	Complimentary hot breakfast (Express Start) — 6:00–10:00 a.m. daily
•	Seasonal outdoor pool with complimentary poolside gas grills / BBQ gazebo
•	24-hour fitness center
•	Guest laundry (complimentary on Candlewood side); 24-hour market/sundries shop
•	Free on-site surface parking; free high-speed Wi-Fi; bean-to-cup coffee
•	Pet-friendly (dogs; $75/night per dog, $250 deposit) with on-site pet relief area
•	Candlewood suites: full kitchens — full-size refrigerator, stovetop, conventional oven, dishwasher, cookware; weekly housekeeping
•	Room mix: HIE standard king / double-queen rooms and suites (±320 SF); Candlewood studio suites (±320 SF) and one-bedroom suites (±640 SF)

Property Flyers

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • Public Access Wifi
  • Smoke-Free

Public Transportation

Transit/SubwayDriveWalkDistance
Arapahoe At Village Center (E Line - Denver Regional Transportation District Light Rail (TheRide), F Line - Denver Regional Transportation District Light Rail (TheRide), G Line - Denver Regional Transportation District Light Rail (TheRide)) 2 min 14 min 0.7 mi
AirportDriveWalkDistance
Denver International 35 min - 28.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 160
Type: Surface
Included in Rent: Yes
Nikan Azar 720-990-9349 Colorado Hospitality Services, Inc.
Nikan Azar 720-990-9349 Colorado Hospitality Services, Inc.