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Multiscope Due Diligence in Denver, CO

Equity Level Due Diligence at The Sheraton Downtown Denver

Project Location 
Denver, CO
Sector
Hospitality
Completion Date 
Friday, August 3, 2018
Consulting Value 
$80,800
Project Leads 
Sheraton Hotel in downtown Denver, Colorado

About the Project

On behalf of a confidential investor, Partner performed a range of equity-level assessments on this high-profile hotel property in the heart of Denver’s financial district. Constructed in 1960, the Sheraton Denver Downtown was renovated in 2009 at a cost of over $69 million. The campus consists of two buildings: a 22-story tower containing 1,231 guestrooms, a fitness center and other amenities; an eight-story plaza building containing office, restaurant and event space; and an underground parking garage with 1,189 stalls. 
Partner’s scope consisted of:


• Phase I Environmental Site Assessment performed in accordance with ASTM Standard E 1527-13 and USEPA 40 CRF Part 312, including regulatory and records review, review of prior ownership and land uses, site reconnaissance and interviews with past and present owners and occupants. 
• ALTA/NSPS Land Title Survey of the property. 
• Acquisition Level Asbestos Containing Materials Survey
• Equity-level Property Condition Report (PCR) with multiple subspecialty inspections: Roof Assessment; Mechanical, Engineering and Plumbing; Building Envelope; Fire Life Safety; Elevator/Vertical Transportation, Acoustical Consulting and Testing; and a Tier III Detailed Accessibility Survey. 

 

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