AWH Partners has acquired the 212-key, dual-branded Fairfield Inn & Suites Boulder Broomfield/Interlocken and Residence Inn Boulder Broomfield/Interlocken in Broomfield, CO, for $137,000 per key.

The hotel will now be managed by AWH Partners-subsidiary Spire Hospitality. Located between Denver and Boulder, Broomfield is one of Colorado’s fastest-growing communities, largely a result of growth from the aerospace, energy, life sciences and technology industries, the company said.

“This acquisition is AWH Partners’ most recent investment resulting from our proprietary, best-in-class technology and data platform that will be central to the strategic expansion of our portfolio,” said Chad Cooley, managing partner. “The platform analyzes third-party and proprietary data to determine transactions that have optimal risk-reward balance for investing and is the linchpin of our strategy to lead a new era in hospitality real estate investment.”

The acquisition price is a substantial discount on replacement costs for a high-quality asset under two of Marriott’s strongest brands. The investment offers robust, risk-adjusted returns with a 9.5% going-in cap rate for a recently built, well-branded asset in a growth market. The property’s strong and steady historical cash flows and competitively priced long-term, fixed-rate financing auger exceptional returns, according to the firm’s analysis.

Over the past 20 years, the aerospace industry has grown by 88% in the greater Denver-Boulder area, according to a CNBC analysis. CBRE ranks Denver-Boulder as a leading U.S. life sciences real estate market, driven by public and private investment.

Located near the Interlocken Business Park, the property offers extended-stay suites with kitchens; bar, buffet and to-go dining; and conference and corporate event facilities. It is close to Broomfield’s mixed-use Flatiron Crossing complex, as well as the Interlocken Golf Club. The main campus of the University of Colorado Boulder is 10 miles away.

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