Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Santa Fe Inn & Suites Pueblo (‘Hotel’ or ‘Property’) located in Pueblo, Colorado. The Independent hotel is offered at $1,100,000 or $13,924 per key. The Santa Fe Inn & Suites Pueblo is a two-story hotel with 79 rooms, located at 730 N Santa Fe Avenue in Pueblo, Colorado. The Hotel is accessible off 8th Street near its intersection with Interstate 25. Common area amenities at the Property include an on-site restaurant & bar (currently vacant), seasonal outdoor pool, and business center. The property is FEMA approved for government travelers. Current revenue is generated from only 23 operational guest rooms, highlighting significant upside potential upon full room utilization. As of October, the 12-month average RevPAR in the Colorado East Area Hotel Submarket increased by over 0.8 percent, indicating conservative growth and a lower-risk environment. As the anchor of the Pueblo, Colorado Metropolitan Statistical Area, Pueblo offers a strategically located, economically diverse market with significant long-term investment potential. With a city population of approximately 112,000 and a regional population exceeding 166,000, Pueblo serves as southern Colorado’s primary economic, cultural, and logistical hub—offering stable employment drivers, robust infrastructure, and a growing mix of industrial, institutional, and tourism-related demand. One of Pueblo’s most compelling fundamentals is its diverse and resilient employment base, anchored by major players in healthcare, education, manufacturing, and government. UC Health Parkview Medical Center (0.8 miles), a 266-bed regional hospital, is the city’s largest private employer with over 3,000 employees, while CommonSpirit St. Mary-Corwin Hospital (3.3 miles) adds further healthcare strength. These institutions, along with a growing network of specialty clinics and providers, establish Pueblo as a regional healthcare hub for southeastern Colorado. Education plays a vital economic role as well, with Colorado State University Pueblo (CSU Pueblo – 3.2 miles) and Pueblo Community College (1.9 miles) preparing thousands of students annually for careers in healthcare, engineering, technology, and skilled trades. Advanced manufacturing and logistics remain central to Pueblo’s economic identity. Major employers like EVRAZ North America (2.8 miles) and CS Wind America Inc. (10.6 miles) continue to invest in the region, supported by BNSF and Union Pacific rail lines and direct highway access via Interstate 25 and U.S. Route 50. Pueblo Memorial Airport (PUB – 7.4 miles) provides business and charter aviation access and is located just 45 minutes from Colorado Springs Airport (COS – 42.7 miles) for commercial service. Adding to Pueblo’s year-round stability is a diverse ecosystem of cultural, recreational, and tourism assets that enhance livability and support the hospitality and retail sectors. The Historic Arkansas Riverwalk of Pueblo (0.8 miles) is a centerpiece of downtown revitalization, offering boat rides, festivals, restaurants, and waterfront events that attract both residents and tourists. The Sangre de Cristo Arts & Conference Center (0.4 miles), Rosemount Museum (0.8 miles), and Steelworks Center of the West (2.9 miles) enrich the city’s cultural fabric, drawing thousands of annual visitors and supporting a growing creative economy. Family-friendly attractions such as the Pueblo Zoo (3.5 miles) and the expansive Lake Pueblo State Park (5.8 miles - a 10,000-acre outdoor destination) contribute to steady tourism and recreation-driven demand. Other notable recreational destinations include the Pueblo Weisbrod Aircraft Museum (7.2 miles), Mineral Palace Park (0.5 miles), and the Union Avenue Historic District (0.9 miles)—home to galleries, boutiques, and historic buildings. Outdoor adventurers are drawn to the region’s trail networks and the nearby San Isabel National Forest. Pueblo also hosts major seasonal events including the Colorado State Fair (3.2 miles), the Pueblo Chile & Frijoles Festival, and a calendar of concerts and rodeos that generate consistent foot traffic and short-term lodging demand. The downtown Creative Corridor (0.7 miles) continues to evolve, supported by public investment, historic architecture, and adaptive reuse projects like Fuel & Iron (1.1 miles), a food hall and hospitality anchor. Visitors also enjoy activities at facilities like the Pueblo Palace Ice Arena (0.6 miles) and nearby YMCA of Pueblo (6.2 miles). For golfers, Walking Stick Golf Course (4.6 miles) provides scenic and accessible recreational space. Pueblo’s unique blend of affordability, culture, outdoor access, and institutional stability makes it highly attractive for both residents and investors alike. Pueblo, Colorado is on track for balanced and sustainable economic growth, driven by key developments in healthcare, construction, clean energy, and downtown revitalization. Healthcare employment continues to rise, supported by major facility expansions like those at Parkview Medical Center, while infrastructure improvements such as street repairs and new fire stations are strengthening community foundations. The construction sector is also gaining momentum thanks to rising wages, green building practices, and proactive city-led initiatives. In the clean energy space, CS Wind is expanding its wind tower plant to double production capacity, creating 850 new jobs and solidifying Pueblo as the cornerstone of Colorado’s wind-tower industry. Xcel Energy is also investing heavily in renewable energy, with plans to replace the Comanche 3 coal plant and transition to wind, solar, and battery storage solutions. Downtown redevelopment projects like the Fuel & Iron Food Hall and Watertower Place are revitalizing historic spaces and spurring new housing and business activity. With affordable real estate and targeted revitalization grants, Pueblo is attracting new residents and investment, particularly in underserved neighborhoods. These combined efforts are positioning the city for inclusive growth while enhancing livability and preserving its unique cultural identity.