Sale of a 144,000+ SF Best Western Hotel

 

Lakewood, CO— Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, announced the successful $7,200,000 sale of a Best Western located at 3440 South Vance Street, Lakewood, CO. Matthews™ Senior Vice President & Director Simon Assaf and Associate Hunter Davis facilitated the transaction.

 

The hotel, constructed in 1995, boasts 112 rooms spanning 144,619 square feet.

 

The buyer was seeking strategic entry into the Denver MSA to reposition the asset. With plans to invest over $1.5 million in renovations, this transaction represents a compelling value-add opportunity with strong upside potential.

 

“The buyer’s commitment to significant renovations underscores their confidence in the property’s long-term potential within the Denver market,” Davis said.

 

For more information or to contact a Matthews™ specialized agent, please visit
www.matthews.com.

 

About Matthews™

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.