April 21, 2023
Chartwell Hospitality sold its Home2 Suites by Hilton property located in Colorado Springs, Colo., to ARA US Hospitality Trust, a Singapore-based select-service hospitality trust. ARA acquired the 119-room extended-stay hotel for $29 million.
The property is located at the foothills of the Rocky Mountains near the Fort Carson military base and the Broadmoor Convention Center and Resort. The pet-friendly hotel has a 24-hour business center, meeting space, an indoor heated pool, and a combined fitness and laundry center with access to downtown Colorado Springs, Garden of the Gods, Olympic Training Center and Museum, Pikes Peak, and the Colorado Springs Airport.