Hotel Development Site-Superior CO

We are delighted to present a fully entitled development site for a 121-room hotel in Superior, Colorado. As you may recall, the Marshall fire in 2021 tragically destroyed the Element Hotel, along with over a thousand homes and businesses. While the surrounding area has undergone significant redevelopment, this site was acquired by a developer with plans to construct a retail center. However, the city has expressed its preference for a hotel on the site.

This development opportunity presents a substantial time and capital savings for a developer. Depending on the chosen brand, a buyer has the flexibility to utilize the existing footprint or even engage the previous architect to resubmit, utilizing the element brand.

The site is fully entitled, with site work, impact fees, and utilities already in place. The hard and soft costs associated with the site are valued at over $2.5 million.