---
title: AC Denver Airport Data Room
---

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### The AC Denver Airport 

##### KEY INVESTMENT HIGHLIGHTS

 

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Total Project Capitalization:

**$45.8 Million**

### **Projected IRR: 30-33%**

 

Equity Sought: $10 Million

Target Exit Date:  
Q2/Q3 2026

 

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Gould Capital has partnered with Voyage Capital, which is seeking $10 million in equity 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.

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#### Investment Summary

**Overview: ** The AC Hotel Denver Airport is a 147-key Marriott-branded hotel located in the Gateway corridor of Denver, CO - approximately one mile south of the Pena Station redevelopment and minutes from Denver International Airport (DIA). The project is approximately 60% complete, with all structural components in place and interior/exterior finishes underway. Marriott has approved the franchise, and all permits are active. A $56 million offer for sale at Certificate of Occupancy (CO) has already been received from an institutional buyer.

 

**Operating Partner:  **Voyage Capital is a hospitality-focused development and investment firm with a track record in select-service and full-service hotel delivery across high-growth, supply-constrained markets. The firm maintains active relationships with Marriott, Hilton, and IHG and has demonstrated execution capability across both ground-up development and repositioning strategies.

**Business Plan:  **The sponsor is targeting completion and sale of the hotel at Certificate of Occupancy within 8-12 months. The exit plan is a near-term sale to a REIT already under soft terms. If a sale does not occur, the sponsor is prepared to stabilize and operate the hotel under the AC flag. The location benefits from persistent airport-related demand and proximity to regional business anchors.

 

**Deal Highlights:**

 

- $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
- Short-duration capital cycle with ~12 month projected hold

- [AC DIA OM...](https://gouldcapitalinc.com/hubfs/custom-video-thumbnails/AC%20DIA%20OM%20v2026.pdf?hsLang=en)
  
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- [AC Design Concept...](https://gouldcapitalinc.com/hubfs/AC%20Design%20Concept%20(1).pdf?hsLang=en)
  
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- [AC proforma...](https://gouldcapitalinc.com/hubfs/custom-video-thumbnails/AC%20ProForma%20Updated.pdf?hsLang=en)
  
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- [Renderings\_AC Hotel...](https://gouldcapitalinc.com/hubfs/Renderings_AC%20Hotel.pdf?hsLang=en)
  
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- [STR AC Denver Airport...](https://gouldcapitalinc.com/hubfs/STR%20AC%20Denver%20Airport.xls?hsLang=en)
  
  XLS
- [AC Updated STR July 2025...](https://gouldcapitalinc.com/hubfs/custom-video-thumbnails/AC%20Updated%20STR%20July%202025%20(1).xls?hsLang=en)
  
  XLS
- [G702/703...](https://gouldcapitalinc.com/hubfs/Draw%201%20Package.pdf?hsLang=en)
  
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- [Voyage Corporate and Personal Bio...](https://gouldcapitalinc.com/hubfs/Voyage%20Corporate%20and%20Personal%20Bio.pdf?hsLang=en)
  
  PDF

 

The materials presented herein are for informational and evaluation purposes only and are intended solely for use by sophisticated institutions and accredited investors. Gould Capital (“GC”) is acting solely in a strategic advisory and consulting capacity and is not a registered broker-dealer, investment adviser, or placement agent. GC does not provide investment recommendations or offer securities for sale, and nothing contained herein shall constitute an offer to sell or a solicitation of an offer to buy any security. All information provided is based on data received from third parties, including project sponsors and operating partners. While GC endeavors to present information believed to be accurate and reliable, GC makes no representation or warranty, express or implied, as to the completeness, accuracy, or timeliness of the information, and assumes no liability for any loss or damage resulting from its use. Any prospective investor must conduct their own independent evaluation, due diligence, and risk assessment before making any investment decision. Participation in any investment opportunity introduced by GC is done at the sole discretion and risk of the recipient, and GC shall not be held responsible for any investment outcomes, financial performance, or business decisions made as a result of these materials. GC’s role is limited to making strategic introductions and supporting deal evaluation and communication processes. Any potential investment must be undertaken pursuant to definitive offering documents provided directly by the sponsor or issuer, who alone bears responsibility for any securities offering. By reviewing these materials, you acknowledge and agree to the foregoing limitations.

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