Travelodge by Wyndham Colorado Springs 6875 Space Village Ave 90 Room Hotel Colorado Springs, CO 80915 $8,518,375 CAD ($94,649 CAD/Room)

Travelodge by Wyndham Peterson Space Force Base – Colorado Springs, CO
Jamis Companies is pleased to present the exclusive opportunity to acquire the Travelodge by Wyndham Peterson SFB, a recently renovated 90-room limited-service hotel strategically located in Colorado Springs, just minutes from Colorado Springs Airport.
The property underwent significant renovations since 2023, with approximately $400,000 in capital improvements, including a new boiler system and cosmetic upgrades throughout the hotel. The property consists of two buildings totaling 38,191 square feet on 2.19 acres, featuring a 70-room interior corridor main building and 20-room exterior corridor suites building. The suites include kitchenettes, living rooms, and separate bedrooms, making them well suited for extended-stay guests. The hotel benefits from excellent visibility and accessibility near Highway 24, positioned at a major gateway for travelers entering Colorado Springs from the east via Highway 94. The property is surrounded by strong and diverse demand drivers including military, corporate, construction, and leisure travel. Nearby demand generators include Peterson Space Force Base, United States Air Force Academy, and popular tourist attractions such as Garden of the Gods, Pikes Peak, Cheyenne Mountain Zoo, Manitou Springs, and the United States Olympic & Paralympic Training Center.
The property has demonstrated strong historical performance, consistently generating over $1.8 million in annual revenue during the past three years, while achieving a RevPAR index above 130 compared to its competitive set. Additionally, the hotel is located within a federally designated Opportunity Zone, creating potential tax advantages for investors. The 20 exterior corridor suites provide a unique repositioning opportunity for conversion into multifamily housing or assisted living units, supported by flexible CC CAD-O zoning. This offering presents a compelling owner-operator opportunity, featuring an onsite manager’s apartment, minimal expected franchise Property Improvement Plan (PIP) requirements, and the ability to further increase revenue through operational improvements and repositioning.
Offering Summary
Property Detail
Description
-Sale Price-$6,250,000
-Price Per Key-$69,444
-Number of Rooms-90
-Building Size-38,191 SF
-Lot Size-2.19 Acres
-Stories-2
-Renovation Completed-2025
Zoning-CC CAD-O
Hotel Type-Economy
Franchise-Wyndham Hotels & Resorts
Meeting Space-500 SF
Key Investment Highlights
-Offered at $69,444 per key, representing an attractive entry price relative to replacement cost.
Recently Renovated Asset
-$400,000 in capital improvements since 2023 including a new boiler system and cosmetic upgrades.
-Consistently generates $1.8M+ in annual revenue with RevPAR index exceeding 130 versus competitive set.
-Strong military, tourism, and construction demand from surrounding bases, attractions, and growth corridors.
-20 exterior suites include kitchenettes and living space, ideal for long-term guests and military contractors.
-Location within an Opportunity Zone offers potential tax advantages and redevelopment opportunities.
-Exterior suites building could be converted to multifamily or assisted living, supported by flexible zoning.
-Includes onsite manager apartment and minimal anticipated franchise PIP requirements.
The hotel benefits from excellent visibility and accessibility near Highway 24, positioned at a major gateway for travelers entering Colorado Springs from the east via Highway 94. The property is surrounded by strong and diverse demand drivers including military, corporate, construction, and leisure travel.
Nearby demand generators include Peterson Space Force Base, United States Air Force Academy, and popular tourist attractions such as Garden of the Gods, Pikes Peak, Cheyenne Mountain Zoo, Manitou Springs, and the United States Olympic & Paralympic Training Center.
The property has demonstrated strong historical performance, consistently generating over $1.8 million in annual revenue during the past three years, while achieving a RevPAR index above 130 compared to its competitive set.
Additionally, the hotel is located within a federally designated Opportunity Zone, creating potential tax advantages for investors. The 20 exterior corridor suites provide a unique repositioning opportunity for conversion into multifamily housing or assisted living units, supported by flexible CC CAD-O zoning.
This offering presents a compelling owner-operator opportunity, featuring an onsite manager’s apartment, minimal expected franchise Property Improvement Plan (PIP) requirements, and the ability to further increase revenue through operational improvements and repositioning.
1) 2023 Financials
a.  Total Taxable Room Revenue-$1,922,212
b.  Occupancy-81.38%
c.  ADR-$69.04
d.  RevPAR-$60.95
2) 2024 Financials
a.     Total Taxable Room Revenue-$1,835,607
b.      Occupancy-75.20%
c.      ADR-$63.62
d.      RevPAR-$52.46
3) 2025 Financials
a.    Total Taxable Room Revenue-$1,808,053
b.      Occupancy-88.98%
c.      ADR-$60.48
d.      RevPAR-53.82