Matthews Real Estate Facilitates $7.2M Sale Of 112-Room Hotel In Lakewood, CO
3440 South Vance Street
$7,200,000
$49/SF
Building Size
144,619 SF
Asset Type
Hotel
Closing
Jun 26, 2025
About this deal
AI
The transaction involved the sale of a hotel asset, specifically a 112-room Best Western hotel located at 3440 South Vance Street in Lakewood, CO. The sale price for this transaction was $7,200,000, with a total square footage of 144,619. The price per square foot was calculated at $50, while the price per key stood at $64,286.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $7,200,000
- Address: 3440 South Vance Street
- Market: Lakewood, CO
- Square Footage: 144,619
- Price per Square Foot: $50
- Number of Keys: 112
- Price per Key: $64,286
The brokers involved in this transaction were Simon Assaf and Hunter Davis, representing Matthews Real Estate Investment Services. Matthews Real Estate facilitated the $7.2 million sale of the property, ensuring a successful transaction for the seller.
Players
Lakewood Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93