“Our team procured multiple offers within the first two weeks on market,” shared Zack Freeman, investment specialist in Marcus & Millichap’s Phoenix office. “The winning bidder at list price, was a private out-of-state investor from Nevada who had been looking to get into the Colorado market for some time”. Freeman, Josh Tammen and Gordon Allred in the firm’s Phoenix and Inland Empire offices, represented the seller under an exclusive listing with Colorado broker of record, Adam Lewis, who helped facilitate the transaction.

The Holiday Inn Denver Parker is located at the southwest corner of the Denver MSA. Built in 2004, the 101-key hotel is scheduled to undergo a full renovation to be completed by year-end 2024. The hotel offers several amenities including Trapper’s Bar & Grill, which provides great city views and an enjoyable dining experience.

Parker is a destination for many events such as weddings and corporate conventions. It is also home to The Colorado Horse Park, which brings hundreds of thousands of attendees per year.

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About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.