Colorado Springs Hospitality for Sale - Northwest
INVESTMENT HIGHLIGHTS:
Prime Location: Located at 4610 Rusina Road, Colorado Springs, CO, the hotel offers excellent visibility off Interstate 25, with 10,000 vehicles passing daily. Positioned 70 miles south of Denver, it connects to major transportation hubs and attractions.
Colorado Springs MSA: Colorado Springs, the second-largest city in Colorado with over 500,000 residents, is projected to grow by 58.6% by 2050. Key highways and Colorado Springs Airport (15.8 miles, 1.6M passengers annually) ensure strong connectivity.
Diversified Economy: The city’s economy is driven by aerospace, defense, technology, healthcare, and tourism. Major employers include Lockheed Martin, Hewlett Packard Enterprise, and Northrop Grumman. Military bases like the U.S. Air Force Academy and Fort Carson support over 35,000 personnel.
Healthcare and Education Demand: Nearby healthcare facilities, including UCHealth Memorial Hospital (485 beds) and Penrose Hospital (364 beds), attract medical travelers. Universities like UCCS (13,000 students) and Colorado College (2,200 students) generate consistent demand.
Attractions: The hotel is near top attractions, including Garden of the Gods (5.8 miles), Pikes Peak, and the U.S. Olympic Training Center. Event venues like Ford Amphitheater (11.1 miles) further boost demand.
Development and Growth: Ongoing projects like the $345M TrueNorth Commons and City for Champions initiatives, along with defense and tech expansions, position Colorado Springs as a growing economic hub.
Strategic Flexibility: The property offers potential for rebranding, alternative use, or redevelopment, enhancing investment returns.
INVESTMENT OVERVIEW
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Rusina Inn & Suites (‘Hotel’ or ‘Property’) located in Colorado Springs, Colorado. The independently branded Hotel is offered at $2,800,000 or $43,750 per key.
The Rusina Inn & Suites is a two-story, two- building hotel with 64 rooms, located at 4610 Rusina Road in Colorado Springs, Colorado. The Hotel is highly visible and easily accessible off Interstate 25, which sees an annual average daily traffic of approximately 10,000 vehicles. Various common area amenities at the Property include an outdoor pool and on-site guest laundry. The on-site restaurant will not be included in this offering.
Colorado Springs, part of the Colorado Springs Metropolitan Statistical Area (MSA), is located 70 miles south of Denver at the base of the Rocky Mountains. It is the second-largest city in Colorado with over 500,000 residents and one of the state's fastest-growing cities, projected to expand by 58.6% by 2050. The city offers strong transportation connectivity, with Colorado Springs Airport (COS – 15.8 miles) serving over 1.6 million passengers annually and providing direct flights to major U.S. cities. Interstate 25 links Colorado Springs to Denver and Pueblo, while U.S. Route 24 connects the city to eastern Colorado and the Rocky Mountains. Situated approximately 170 miles from the New Mexico and Kansas borders, Colorado Springs is a key transportation hub.
Colorado Springs has a diversified economy, with key sectors in aerospace, defense, technology, healthcare, and tourism. The city's significant military presence further supports the local economy, with major installations located nearby, including the U.S. Air Force Academy (10 miles), home to over 4,000 cadets and faculty; Fort Carson (14.5 miles), which houses the 4th Infantry Division and employs approximately 25,000 soldiers and civilians; Peterson Space Force Base (12.8 miles), focused on space operations and supporting Space Command; and Schriever Space Force Base (26.0 miles), dedicated to satellite operations and defense, with over 6,000 personnel.
Additionally, major employers like Lockheed Martin (7.6 miles), with its extensive defense contracting operations; Hewlett Packard Enterprise (2.7 miles), specializing in IT and infrastructure solutions; and Northrop Grumman (15.6 miles), focusing on aerospace and defense technology, contribute to the city's thriving economy. Medical providers like UCHealth Memorial Hospital (6.1 miles), with over 1,000 employees and 485 beds and CommonSpirit Penrose Hospital (3.3 miles) with 364 beds further strengthen the local employment base.
Nearby educational institutions, including the University of Colorado – Colorado Springs (UCCS) (1.5 miles) with approximately 13,000 students across undergraduate and graduate programs, Colorado College (4.3 miles), a liberal arts college with about 2,200 students, and the U.S. Air Force Academy (4.7 miles - 4,000 students), a military academy offering a rigorous curriculum across 30 majors, all contribute to significant visitor traffic for academic events, graduations, and other activities.
Colorado Springs is undergoing significant development, including the $345 million TrueNorth Commons (7.1 miles) project near the U.S. Air Force Academy, which will feature residential, retail, dining, and office spaces, set to open in December 2025. The City for Champions initiative will add five new venues, including the Colorado Sports and Event Center, U.S. Olympic & Paralympic Museum, and an expanded Colorado Springs Convention Center. Completed projects include Weidner Field and the Ed Robson Arena, with more in progress, like the U.S. Air Force Academy Gateway Visitor Center (2025). In defense and tech, FTI plans a 46,000-square-foot expansion in 2024 with a $15 million investment for its new ORBIT Center. Infinity Labs, specializing in modeling, simulation, cybersecurity, and R&D, is also expanding in the city.
Garden of the Gods (5.8 miles), known for its stunning red rock formations, is a top destination for nature enthusiasts and hikers, while Pikes Peak draws both tourists and competitive climbers with its breathtaking views and outdoor adventures. Cheyenne Mountain State Park (12.6 miles) offers hiking, camping, and other recreational activities, appealing to nature lovers and families. The U.S. Olympic & Paralympic Training Center (6.3 miles) attracts athletes and sports fans, and the Ford Amphitheater (11.1 miles) with its 8,000-seat capacity, hosts concerts and events that draw large crowds. Meanwhile, downtown Colorado Springs blends historic charm with modern amenities, offering a variety of shops, restaurants, and entertainment venues.
The hotel is strategically positioned for rebranding, transitioning to independent operations, conversion to an alternative property type, or repurposing for a different use. This versatility offers a prospective investor enhanced flexibility, creating an opportunity to achieve higher financial returns compared to a conventional hotel acquisition.
BROKER OF RECORD
Adam Lewis
Colorado
P: (303) 328-2000
Lic #: ER.100091205
Firm Lic #: EC. 100048709
