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Columbia Sussex Corp. Acquires The Westin Westminster Hotel In Westminster For $84.53 Million
SOLD
$84,530,000
Colorado
See Similar DealsHotel
Sold 09/17/2025
SOLD
Columbia Sussex Corp. Acquires The Westin Westminster Hotel In Westminster For $84.53 Million
10600 Westminster Boulevard
See Similar DealsHotel
Sold 09/17/2025
Summary
COLORADO
Asset Type:Hotel
Transaction Type:Sale
The transaction involved the sale of The Westin Westminster, located at 10600 Westminster Boulevard in Westminster, CO. This hotel, a 14-story structure featuring 370 keys, was sold for $84.53 million. It includes a total of 76,000 square feet dedicated to meeting space, with a per key price of $228,459.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $84,530,000
- Buyer: Columbia Sussex Corp.
- Seller: Wheelock Street Capital
- Keys: 370
- Market: Westminster, CO
- PPK: $228,459
Columbia Sussex Corp. was the buyer in this transaction, acquiring the property from Wheelock Street Capital. Notably, Wheelock Street Capital had purchased the hotel for $70 million in 2017, marking a significant increase in value over the period of ownership.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,508,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$300,317.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$400,715.33
Annual Debt Service$4,808,583.90
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