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

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The Westin Denver International AirportHotel Market AnalysisCompetitive Property Number Two (Downtown)Grand Hyatt DenverLocationDescriptionAddress:1750 Welton Street Date opened: 1979Denver, CO 80202 Guestrooms: 516Distance from Subject:25.1 miles•••••••••••••AmenitiesPub 17 on Welton StreetStarbucks® CaféFireside TerraceApproximately 60,000 square feet of meeting spaceSun deckIndoor swimming pool and whirlpoolBusiness centerFitness centerConcierge serviceLaundry/valet serviceHigh-speed Internet access throughout the hotelIn-room diningValet covered parkingNotesThe Grand Hyatt is located approximately 25 milessouthwest of the proposed Subject in downtown Denver,approximately one block from 16th Street Mall. The hotelopened in 1979 and features 516 guestrooms. The hotelis affiliated with Hyatt Hotels and Resorts and benefitsfrom Hyatt's guest reward program and marketing efforts.This hotel represents one of Hyatt's upscale, full-serviceproducts.PictureHistorical PerformanceIn 2011, the Grand Hyatt achieved an occupancyand ADR above the competitive market average.IV-19
The Westin Denver International AirportHotel Market AnalysisCompetitive Property Number Three (Downtown)Denver Marriott City CenterLocationDescriptionAddress:1701 California Street Date opened: 1982Denver, CO 80202 Guestrooms: 613Distance from Subject:24.9 miles• Allie's American Grill• D-Spot Lounge• Starbucks® Coffee House• In-room dining•••••••••AmenitiesApproximately 30,000 square feet of meeting spaceFitness centerBusiness centerConcierge serviceFour concierge levelsHigh-speed Internet access throughout the hotelValet covered parkingSaunaLaundry/valet serviceNotesThe Marriott City Center is located approximately 25 milessouthwest of the proposed Subject in downtown Denver.The hotel opened in 1982 and features 613 guestrooms.The Marriott City Center is affiliated with MarriottInternational and benefits from Marriott's guest rewardprogram and marketing efforts. The hotel represents oneof Marriott's full-service products.PictureHistorical PerformanceIn 2011, the Marriott City Center achieved anoccupancy level below the competitive marketaverage and an ADR above the competitive marketaverage.IV-20
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September 18, 2012Mr. Patrick HeckD
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The Westin Denver International Air
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SECTION IEXECUTIVE SUMMARY
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SECTION IIIPROPERTY DESCRIPTION
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The Westin Denver International Hot
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The Westin Denver International Hot
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ADDENDA
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ADDENDUM ACERTIFICATION OF THE CONS
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PKF Consulting appreciates the oppo
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STATEMENT OF ASSUMPTIONS AND LIMITI
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ADDENDUM CQUALIFICATIONS OF THE CON
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QUALIFICATIONS OFCHRISTOPHER A. KRA
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QUALIFICATIONS OFCATHERINE E. BOLST
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Appraisal for the Yountville Inn lo
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Sent via email to: patrick.heck@fly
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Mr. Patrick HeckJune 14, 2012Housto
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Mr. Patrick HeckJune 14, 2012In ord
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Mr. Patrick HeckJune 14, 20127. Mar
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ADDENDUM ESENSITIVITY ANALYSIS
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