- Prime Hospitality Asset with Strong Brand Potential: Acquire the Baymont by Wyndham Colorado Springs, a well-positioned 65-room hotel with a secure Comfort Suites franchise, offering significant development incentives of up to $7,000 per room.
- Exceptional Location with High Visibility: Located at 1055 Kelly Johnson Boulevard, just off Interstate 25, the hotel benefits from excellent accessibility and exposure to high traffic volumes.
- Significant Market Growth on the Horizon: Colorado Springs, as the second-largest city in Colorado, is set for remarkable expansion, projected to grow by 58.6% by 2050, driven by a diversified economy.
- Robust Military Demand Generator: The hotel is strategically positioned near key military installations, including the U.S. Air Force Academy and Fort Carson, ensuring a consistent demand for accommodations from military personnel and their families.
- Diverse Employment Landscape Supporting Hospitality: Major employers such as Lockheed Martin, Hewlett Packard Enterprise, and UCHealth Memorial Hospital nearby contribute to a steady influx of business and healthcare travelers.
- Strong Educational Institutions Driving Visitor Traffic: The proximity to the University of Colorado – Colorado Springs and Colorado College creates substantial demand for lodging during academic events, graduations, and activities.
- Exciting Development Initiatives Enhancing Local Appeal: The $345 million True North Commons project and the City for Champions initiative are set to transform the area, driving tourism and increasing demand for hotel accommodations.
- Proximity to Major Tourist Attractions: The hotel is just minutes from iconic destinations like Garden of the Gods and Pikes Peak, ensuring a continuous stream of visitors and elevating local tourism.
- Strategic Transportation Connectivity Boosting Accessibility: With excellent links via Colorado Springs Airport and Interstate 25, the hotel is well-positioned to attract both transient and business travelers, enhancing its market appeal.
INVESTMENT OVERVIEW
As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Baymont by Wyndham Colorado Springs (‘Hotel’ or ‘Property’) located in Colorado Springs, Colorado. Current ownership has secured a Comfort Suites franchise that a new owner can take advantage of, including development incentives up to $7,000 per room which may transfer from Choice Hotels to the new ownership group. The future Choice Hotels-branded Hotel is offered at $4,500,000 or $69,231 per key.
The Baymont by Wyndham Colorado Springs is a 65-room, three-story Hotel stationed at 1055 Kelly Johnson Boulevard in Colorado Springs, Colorado, just off Interstate 25. Various common area amenities at the Property include a sundries/mart, gift shop, banquet/meeting facilities, heated indoor pool & hot tub, fitness center, business center, and on-site guest laundry.
Colorado Springs, located 70 miles south of Denver at the base of the Rocky Mountains, is the principal city of the Colorado Springs metropolitan statistical area and the second-largest city by population in Colorado. With over 500,000 residents, it is one of the state's fastest-growing cities, projected to expand by 58.6 percent by 2050. The city is renowned for its scenic beauty and high quality of life, and it features a diversified economy driven by aerospace, defense, technology, healthcare, and tourism. Major military installations, including the U.S. Air Force Academy, Fort Carson, and Peterson Space Force Base.
Colorado Springs offers strong transportation connectivity within proximity to the hotel, with Colorado Springs Airport (COS – 22 miles) serving over 1.6 million passengers annually and providing direct flights to major U.S. cities. The city is linked by Interstate 25 to Denver and Pueblo, and U.S. Route 24 provides access to eastern Colorado and the Rocky Mountains. Located 170 miles from the New Mexico and Kansas borders, Colorado Springs is a key transportation hub.
The city’s significant military presence within proximity of the property includes major installations such as the U.S. Air Force Academy (6.4 miles), home to over 4,000 cadets and faculty, Fort Carson (17.7 miles), which houses the 4th Infantry Division and employs approximately 25,000 soldiers and civilians, Peterson Space Force Base (13.6 miles), focused on space operations and supporting the Space Command, and Schriever Space Force Base (23.7 miles), dedicated to satellite operations and defense, with over 6,000 personnel. These bases collectively generate substantial demand for hospitality services. Additionally, major employers like Lockheed Martin (2.9 miles), with its extensive defense contracting operations; Hewlett Packard Enterprise (4.4 miles), specializing in IT and infrastructure solutions; Northrop Grumman (20 miles), focusing on aerospace and defense technology; and UCHealth Memorial Hospital (9.2 miles), a leading healthcare provider with over 1,000 employees and 485 beds and Children's Hospital Colorado in Colorado Springs with approximately 115 staffed beds contribute to a robust local employment base. This diverse employment landscape ensures a steady influx of business and healthcare travelers, bolstering the local economy and supporting consistent demand for a range of services.
Nearby educational institutions like the University of Colorado – Colorado Springs (UCCS – 5.0 miles), which has around 13,000 students across various undergraduate and graduate programs, and Colorado College, (8.7 miles) a liberal arts college with a student body of about 2,200, and The U.S. Air Force Academy is a military base and university with an enrollment of over 4,000, offering a rigorous curriculum across 30 majors in Basic Sciences, Engineering, Humanities, and Social Sciences. It integrates leadership development throughout, preparing graduates to serve as leaders in the Air Force and the nation. These institutions generate substantial visitor traffic for academic events and activities.
Colorado Springs is experiencing notable development, including the $345 million True North Commons project near the U.S. Air Force Academy. This mixed-use development features residential units, retail spaces, dining options, and offices, boosting demand for nearby lodging and benefiting adjacent hotels. Additionally, the City for Champions initiative will enhance local tourism with five new venues: the Colorado Sports and Event Center for sports and conventions; the U.S. Olympic & Paralympic Museum; renovated Pikes Peak Summit Complex; the upgraded Broadmoor World Arena for concerts; and the expanded Colorado Springs Convention Center for larger events and trade shows.
The property benefits significantly from its proximity to several popular attractions and venues that drive considerable visitor traffic. Garden of the Gods (8.9 miles), known for its stunning red rock formations, is a major draw for nature enthusiasts and hikers. Pikes Peak, a renowned mountain offering breathtaking views and outdoor adventures, attracts both tourists and competitive climbers. Cheyenne Mountain State Park (17.0 miles) provides recreational activities such as hiking and camping, appealing to nature lovers and families. The U.S. Olympic & Paralympic Training Center (9.1 miles) brings athletes and sports enthusiasts to the area, while the Ford Amphitheater, with its 8,000-capacity events, hosts a range of concerts and performances that draw large crowds. Collectively, these attractions and venues ensure a steady stream of tourists, athletes, and eventgoers, boosting local tourism and hospitality demand and creating a robust market for accommodations and related services.
BROKER OF RECORD
Adam Lewis
Colorado
P: (303) 328-2000
License #: ER.100091205
Firm License #: EC. 100048709
