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City: Colorado Springs

Home2 Suites by Hilton

ARA US Hospitality Trust has paid $29 million, or $243,697/room, for Home2 Suites by Hilton, a 119-room extended-stay hotel in Colorado Springs, Colo. The Singapore hotel investor purchased it from Chartwell Hospitality of Franklin, Tenn.

Park at Penrose and Park at Palmer

The buyer was an investor group registered in Wilmington, Del., according to El Paso County, Colo., records. Axton, of San Francisco, and Bascom, of Irvine, Calif., had acquired the properties in 2019, paying $31 million for the 374-unit Park at Penrose, ...

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