#3 highest concentration of Millennials in the U.S. (2019)
Ranked 7th in the nation in tech talent (CBRE, 2020)
2015 - 2019 RevPAR growth higher by 70 bps vs. STR Top-25 Markets
Denver International Airport the 3rd busiest airport in country (2020)
Adding 39 new gates to increase capacity 30% by 2022
Cherry Creek the top upscale submarket in Denver
Strong population growth trends
Since 2014, +36% increase in office space | +40% increase in residential units
2.8M SF of office, 255K SF of retail, and numerous residential projects currently in
development
#1 price per unit asset trades in Denver for hotel, office, and apartment
ADR premium over comparable Downtown Denver hotels
Strong CBD fundamentals
Downtown Submarket RevPAR +28% higher than Denver market (CBRE, 2019)
Hotel Highlights
Irreplaceable real estate within core Cherry Creek
A+ location with over 100 retail shops & 50 restaurants within a four-block radius
Marriott's Moxy brand well-suited for urban / metro areas
Lean operating cost model with high margins
Lively public spaces, minimalist style and beverage centric F&B
High barriers to entry submarket
Restrictive zoning laws limits new hotel supply
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RLJ Lodging Trust published this content on 10 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 January 2022 13:47:08 UTC.
RLJ Lodging Trust is a self-advised and self-administered real estate investment trust that owns primarily premium-branded, rooms-oriented, focused-service and compact full-service hotels. The Company's portfolio consists of 96 hotels with approximately 21,200 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms. Its brand affiliations consist of Marriott, which includes Courtyard, Residence Inn, Marriott, Fairfield Inn & Suites, Renaissance, SpringHill Suites, AC Hotel, Moxy and Tribute Portfolio; Hilton, which includes Embassy Suites, Hilton Garden Inn, DoubleTree/DoubleTree Suites by Hilton, Hampton Inn/Hampton Inn & Suites, Curio Collection, Homewood Suites, Hilton and Tapestry Collection; Hyatt, which includes Hyatt House, Hyatt Place and Hyatt Centric, and Wyndham. The Company's hotel properties include Embassy Suites Milpitas Silicon Valley, Hyatt House San Ramon and Moxy Denver Cherry Creek.
RLJ LODGING TRUST 
