PKF Hotel Market Demand and Financial Analysis - DIA Business ...

The Westin Denver International AirportTable of ContentsSECTION IEXECUTIVE SUMMARYA. INTRODUCTION ...................................................................................... I- 11. Overview of Study ......................................................................... I- 12. Proposed Hotel Financing Structure .............................................. I- 1a. Financing Structure ............................................................. I- 1b. Qualified Management Agreement (QMA).......................... I- 23. Important Dates ............................................................................. I- 24. Development Timeline ................................................................... I- 35. Scope and Methodology ................................................................ I- 3B. SUMMARY OF CONCLUSIONS .............................................................. I- 4SECTION IIAREA REVIEWAREA REVIEWA. INTRODUCTION ..................................................................................... II- 1B. AREA REVIEW ....................................................................................... II- 11. State of Colorado .......................................................................... II- 22. Denver Metropolitan Statistical Area ............................................ II- 6C. ECONOMIC AND DEMOGRAPHIC CHARACTERISTICS ..................... II- 61. Introduction ................................................................................... II- 62. Population ..................................................................................... II- 63. Employment .................................................................................. II- 74. Commercial Office Market ............................................................ II- 85. Transportation .............................................................................. II- 96. Denver International Airport .......................................................... II-117. Colorado Convention Center ........................................................ II-148. Tourism ......................................................................................... II-15D. AREA SUMMARY ................................................................................... II-16SECTION IIIPROPERTY DESCRIPTIONPROPERTY DESCRIPTIONA. INTRODUCTION .................................................................................... III- 1B. SITE DESCRIPTION .............................................................................. III- 11. Location, Access, and Visibility .................................................... III- 1C. PLANNED IMPROVEMENTS DESCRIPTION ....................................... III- 41. Property Description and Configuration ....................................... III- 52. Guestrooms ................................................................................. III- 63. Food and Beverage ..................................................................... III- 74. Meeting Space ............................................................................. III- 75. Public Areas ................................................................................ III- 86. Parking ........................................................................................ III- 8