Extended-Stay Hotel in Colorado Springs Sells to Singapore-Based Company

Extended-stay hotel
Home2 Suites by Hilton Colorado Springs, courtesy of Hilton.
Chartwell Hospitality has sold its Home2 Suites by Hilton property located in Colorado Springs to ARA US Hospitality Trust, a Singapore-based select service hospitality trust. ARA acquired the extended-stay hotel with 119 rooms for $29.0 million.

“Home2 Suites Colorado Springs, Colorado is a great property. We commenced operations at the end of October 2019 and have been honored to provide a hotel designed for extended-stay travelers who wish to keep their normal routine,” said Will Schaedle, executive vice president of Chartwell Hospitality. “We’re excited to continue managing this high-quality, limited-service hotel for ARA.”

Chartwell Hospitality will continue to manage the Colorado Springs Home2 Suites property which is conveniently located at the foothills of the Rocky Mountains near the Fort Carson military base and the Broadmoor Convention Center and Resort. This pet-friendly hotel features a 24-hour business center, meeting space, indoor heated pool and a combined fitness and laundry center with convenient access to downtown Colorado Springs, Garden of the Gods, Olympic Training Center and Museum, Pikes Peak and the Colorado Springs Airport.

Chartwell Hospitality LLC is a fully integrated hotel operating & development company. Chartwell’s portfolio includes 26 operating hotels as well as 7 hotels under development/construction, covering a geographic footprint that includes NY, TN, FL, NC, TX, MO, CO, and OK. Since its inception, Chartwell has successfully executed in excess of $1.75 billion in hotel development and acquisition investments.

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