Chartwell sells CO Home2 Suites for $29M

Chartwell Hospitality has sold the Home2 Suites by Hilton Colorado Springs South in Colorado Springs, CO, to ARA US Hospitality Trust, a Singapore-based select-service hospitality trust. ARA acquired the extended-stay hotel with 119 rooms for $29 million.
“Home2 Suites Colorado Springs, Colorado is a great property,” said Will Schaedle, EVP, Chartwell Hospitality. “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.”
Chartwell Hospitality will continue to manage the property, which is 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. It is close to downtown Colorado Springs, Garden of the Gods, Olympic Training Center and Museum, Pikes Peak and the Colorado Springs Airport.
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