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

More documents

Recommendations

Info

The Westin Denver International AirportHotel Market AnalysisCompetitive Property Number Two (Airport)Embassy Suites Denver International AirportLocationDescriptionAddress:7001 Yampa Street Date opened: 2002Denver, CO 80249 Guestrooms: 174Distance from Subject:7.8 miles•••••••••••••AmenitiesComplimentary cooked-to-order breakfastManager's evening receptionDiazza RestaurantIn-room diningApproximately 5,000 square feet of meeting spaceFitness centerIndoor swimming pool and whirlpoolCoin-operated laundry facilitiesLaundry/valet serviceBusiness centerGift shopLocal area transportationHigh-speed Internet access throughout the hotelNotesThe Embassy Suites is located approximately eight milessouthwest of the proposed Subject in the Tower Roadhotel market. The hotel opened in 2002 and features 174guestrooms. The Embassy Suites is affiliated with HiltonHotels and Resorts and benefits from Hilton's guestreward program and marketing efforts. This hotelrepresents Hilton's all-suite, full-service product.PictureHistorical PerformanceThe Embassy Suites achieved an occupancy leveland ADR above the competitive market average in2011. It should be noted that the Embassy Suitesachieves one of the highest ADRs in the competitiveairport lodging market.IV-9
The Westin Denver International AirportHotel Market AnalysisCompetitive Property Number Three (Airport)Hilton Garden Inn Denver International AirportLocationDescriptionAddress:16475 E. 40th Circle Date opened: 1999Aurora, CO 80011 Guestrooms: 157Distance from Subject:11.7 milesAmenitiesPicture••••••••••••The Great American Grill (breakfast and dinner)24-hour Pavilion Pantry MarketAirline deskApproximately 3,100 square feet of meeting spaceIndoor swimming pool and whirlpoolBusiness centerDenver Airport shuttle, 24 hours a dayHigh-speed Internet access throughout the hotelLaundry/valet serviceCoin-operated laundry facilitiesIn-room diningFitness centerNotesThe Hilton Garden Inn is located approximately 12 milessouthwest of the proposed Subject in the GatewayCorporate Park. The hotel opened in 1999 and features157 guestrooms. The Hilton Garden Inn is affiliated withHilton Hotels and Resorts and benefits from Hilton's guestreward program and marketing efforts. This hotelrepresents Hilton's focus-service product.Historical PerformanceThe Hilton Garden Inn achieved an occupancy levelin line with the competitive market average and anADR above the competitive market average in2011.IV-10
Page 2 and 3:
September 18, 2012Mr. Patrick HeckD
Page 4 and 5:
The Westin Denver International Air
Page 6 and 7:
Page 8 and 9:
SECTION IEXECUTIVE SUMMARY
Page 10 and 11:
Page 12 and 13:
Page 14 and 15:
Page 16 and 17:
Page 18 and 19:
Page 20 and 21:
Page 22 and 23:
Page 24 and 25:
Page 26 and 27:
Page 28 and 29: The Westin Denver International Air
Page 32 and 33: SECTION IIIPROPERTY DESCRIPTION
Page 34 and 35: The Westin Denver International Hot
Page 112 and 113: SECTION VSTATEMENT OF ESTIMATED ANN
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Page 134 and 135:
Page 136 and 137:
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
ADDENDA
Page 144 and 145:
ADDENDUM ACERTIFICATION OF THE CONS
Page 146 and 147:
PKF Consulting appreciates the oppo
Page 148 and 149:
STATEMENT OF ASSUMPTIONS AND LIMITI
Page 150 and 151:
ADDENDUM CQUALIFICATIONS OF THE CON
Page 152 and 153:
QUALIFICATIONS OFCHRISTOPHER A. KRA
Page 154 and 155:
QUALIFICATIONS OFCATHERINE E. BOLST
Page 156 and 157:
Appraisal for the Yountville Inn lo
Page 158 and 159:
Sent via email to: patrick.heck@fly
Page 160 and 161:
Mr. Patrick HeckJune 14, 2012Housto
Page 162 and 163:
Mr. Patrick HeckJune 14, 2012In ord
Page 164 and 165:
Mr. Patrick HeckJune 14, 20127. Mar
Page 167 and 168:
ADDENDUM ESENSITIVITY ANALYSIS
Page 169 and 170:
Page 171 and 172:
show all

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

Create successful ePaper yourself

Delete template?

Save as template?