1 of 2 hotels in portfolio on the same lot. 115-room Budget Inn (former Clarion Hotel) located just off I-25 and US Highway 50 in Pueblo’s primary retail and lodging corridor.
The property is bank-owned and being sold through receivership, presenting a rare opportunity to acquire a well-located hotel asset at a basis significantly below replacement cost. The hotel is currently non-operational and ready for repositioning.
The property consists of approximately 74,880 square feet and is situated on a portion of a 5.39-acre site with ample parking and strong access from North Elizabeth Street. The building includes a large lobby, restaurant and lounge space, meeting rooms, indoor pool and jacuzzi, fitness area, and guest laundry. These existing amenities provide a strong foundation for reopening as a limited-service or select-service hotel.