Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2665/ Marcus & Millichap and RI Marketplace are pleased to present the Santa Fe Inn & Suites, a ±79-room, two-story independent hotel located at 730 N Santa Fe Avenue in Pueblo, Colorado. This value-add hospitality asset sits prominently along North Santa Fe Avenue, just off Interstate 25, and within walking distance to downtown Pueblo’s Creative Corridor, Arkansas Riverwalk, and other tourism, healthcare, and education demand drivers. The Property sits on 1.49 acres and features a two-story building offering ±79 total rooms (±23 currently online), a vacant restaurant and bar, seasonal outdoor pool, business center, and ample surface parking. Zoned B-4 for Central Business District, the site is well-positioned for rebranding, operational repositioning, or conversion to extended-stay or workforce housing. This creates an attractive dual-path investment: continue operations as a hotel or pursue a by-right residential redevelopment strategy. Additionally, the hotel is FEMA-approved, creating potential for government contract lodging opportunities. Pueblo’s economy is experiencing revitalization, with nearby anchors such as Parkview Medical Center, EVRAZ Steel, Pueblo Community College, and CS Wind supporting job growth and local demand. Recent city-backed investments including the Fuel & Iron Food Hall and Watertower Place demonstrate a strong push toward downtown redevelopment and hospitality demand renewal. The Hotel enjoys excellent visibility and access adjacent to I-25 (65,241 VPD) and sits at the signalized intersection of N Santa Fe Ave with traffic counts of 25,500 VPD and East 8th Street (6,489 VPD). The Property benefits from strong demographics with a population of 118,446 residents and an average household income of $64,403 within a 5-mile radius. The population has experienced 2.35% growth from 2020-2024 with 2.54% growth expected to continue through 2029.