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

The Westin Denver International AirportHotel Market AnalysisCompetitive Property Number Seven (Downtown)Four Seasons Hotel DenverLocationDescriptionAddress:1111 14th Street Date opened: 2011Denver, CO 80202 Guestrooms: 239Distance from Subject:25.0 milesAmenitiesPicture• EDGE restaurant and Bar• In-room dining• Approximately 17,000 square feet of meeting space• Rooftop terrace with swimming pool and whirlpool• Fitness center• Business center• High-speed Internet throughout the hotel• The 10-treatement room Four Seasons Spa• Concierge service• Valet covered parking• Laundry/valet serviceNotesHistorical PerformanceThe Four Seasons Hotel is located 25 miles southwest of In 2011, its first full year of operation, the Fourthe proposed Subject in downtown Denver. The 239-room Seasons achieved an occupancy level below thehotel recently opened in 2011, making it the newest competitive market average of the downtown hotels.addition to the competitive market. The Four Seasons is However, the Four Seasons achieves one of theaffiliated with Four Seasons Hotels and Resorts and highest ADRs in the overall competitive market.benefits from Four Seasons' reputation and marketingefforts. The hotel represents one of the most luxurioushotels in the Denver-Aurora area.IV-24