Gould Capital has partnered with Voyage Capital, which is seeking $10 million in equity/mezz to complete construction of a 147-key AC Hotel by Marriott in Denver’s Gateway corridor, located just minutes away from Denver International Airport. The project is approximately 60% complete, with all major structural work finalized and interior and exterior scopes underway. The sponsor is targeting delivery and sale at Certificate of Occupancy within 12 months, with a $56 million exit offer already secured from an institutional buyer. Marriott franchise approval and all permits are in place. The project is situated in one of the fastest-growing airport submarkets in North America, with Denver International Airport serving over 82 million annual passengers and undergoing more than $1 billion in expansion.
Investment Summary
- $56M sale offer from REIT at Certificate of Occupancy
- $45.8M total project capitalization | ~$311K/key all-in cost basis
- 147-key AC Hotel by Marriott; ~60% complete
- Located in Denver’s Gateway corridor near DIA (82M+ annual passengers)
- Marriott franchise approved; active city permits in place
- Sponsor seeking $10M of equity/mezz
- Short-duration capital cycle with ~12 month projected hold
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AC DIA...Jul 09 2025PDF
- Sep 06 2024
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AC proforma...Sep 06 2024PDF
- Aug 19 2024
- Aug 19 2024
- Aug 19 2024
- Jul 09 2025
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G702/703...Jul 15 2025PDF
- Jul 15 2025

