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Econo Lodge North Academy 1075 Kelly Johnson Blvd 84 Room Hotel Colorado Springs, CO 80920 $5,703,600 CAD ($67,900 CAD/Room)
Investment Highlights
- 84 guest rooms
- Asset sale – operational and redevelopment flexibility
- Large-scale footprint for repositioning or conversion
- Offered at $50,000 per key (well below replacement cost)
- Existing hotel infrastructure in place
- Located in a growing and expanding market
Executive Summary
• Low Basis at $50K/Key – Significant margin for redevelopment profit vs. replacement cost
• 84-Unit Scale – Ideal size for multifamily conversion or workforce housing project
• Existing Infrastructure – Plumbing, electrical, and layout reduce redevelopment costs
• Large Parcel with Flexible Layout – Supports reconfiguration or density optimization (buyer to verify)
• Strong Housing Demand in Colorado Springs – Favorable fundamentals for residential conversion
• Asset sale only
• Financials available upon request / NDA
• Buyer to verify all information, zoning, and redevelopment potential
• 84-Unit Scale – Ideal size for multifamily conversion or workforce housing project
• Existing Infrastructure – Plumbing, electrical, and layout reduce redevelopment costs
• Large Parcel with Flexible Layout – Supports reconfiguration or density optimization (buyer to verify)
• Strong Housing Demand in Colorado Springs – Favorable fundamentals for residential conversion
• Asset sale only
• Financials available upon request / NDA
• Buyer to verify all information, zoning, and redevelopment potential
Property Facts
| Price | $5,703,600 CAD | Building Size | 34,131 SF |
| Price Per Room | $67,900 CAD | No. Rooms | 84 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1996/2004 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.64/1,000 SF |
| Lot Size | 1.35 AC | Corridor | Interior |
| Zoning | C-5 | ||
| Price | $5,703,600 CAD |
| Price Per Room | $67,900 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.35 AC |
| Building Size | 34,131 SF |
| No. Rooms | 84 |
| No. Stories | 3 |
| Year Built/Renovated | 1996/2004 |
| Tenancy | Single |
| Parking Ratio | 1.64/1,000 SF |
| Corridor | Interior |
| Zoning | C-5 |
Amenities
- Business Center
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 84 | $107.28 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 63052-02-011 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,491,017 CAD |
Property Taxes
Parcel Number
63052-02-011
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,491,017 CAD
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Econo Lodge North Academy | 1075 Kelly Johnson Blvd
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