Chartwell Hospitality Sells Home2 Suites Colorado Springs for $29 Million

Chartwell Hospitality | April 19, 2023

NASHVILLE --Chartwell Hospitality today announced the sale of their Home2 Suites by Hilton property located in Colorado Springs, Colo. to ARA US Hospitality Trust, a Singapore-based select service hospitality trust. ARA acquired the extended-stay hotel with 119 rooms for $29.0 million. “Home2 Suites Colorado Springs, Colorado is a great property. 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,” said Will Schaedle, Executive Vice President of Chartwell Hospitality. “We’re excited to continue managing this high-qu...