New hotel slated for Colorado Springs

3 Feb, 2012

The Colorado Springs Gazette reports the owners of a Clarion Hotel in Colorado Springs plan to spend $4 million to renovate an existing building into a 100-room Holiday Inn or Hilton hotel. Jarosz Family Limited Partnership has agreed to acquire the El Paso County Department of Human Services from the county for $2.4 million. “We approached the county last spring but the negotiations fell apart during the summer. We got back together in the fall and got the deal done,” managing partner Ted Jarosz told the Gazette. “We are really excited about this project. I am bullish on downtown. While it has been affected by the economy, downtown will recover when the rest of the economy recovers. The Clarion is out here by ourselves, and having another property nearby will attract more people. It will be an improvement for the neighborhood as well.”