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    The AC Denver Airport 

     KEY INVESTMENT HIGHLIGHTS
     
    Total Project Capitalization:

    $45.8 Million

    Projected IRR: 30-33%

     

    LP Equity Sought: $10 Million
    Target Exit Date:
     Q2/Q3 2026
     

    Gould Capital has partnered with Voyage Capital, which is seeking $10 million in LP equity to complete construction of a 146-key AC Hotel by Marriott in Denver’s Gateway corridor, located just minutes away from Denver International Airport. The project is approximately 75% 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 8-12 months, with a $56 million exit offer already secured from an institutional buyer. The proposed capital structure includes a 40% equity interest with an 8% preferred return and full pro rata participation in profits and depreciation. 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

    Overview:  The AC Hotel Denver Airport is a 146-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 75% 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 capital structure includes a new LP equity investment to replace a previously committed partner that withdrew due to unrelated liquidity constraints. The exit plan is a near-term sale to a REIT already under soft commitment. 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 | ~$206K/key all-in cost basis
    • 146-key AC Hotel by Marriott; ~75% complete
    • Located in Denver’s Gateway corridor near DIA (82M+ annual passengers)
    • Marriott franchise approved; active city permits in place
    • Sponsor seeking $10M of LP equity (40% ownership stake)
    • 8% preferred return; full pro rata participation; no promote or recourse
    • Short-duration capital cycle with 8–12 month projected hold
    My Documents

     

    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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