Property on North Spruce to Become a Hotel
Colorado Springs, Friday, October 12, 2012 – Construction work is starting on a project to transform the former El Paso County Department of Human Services building at 105 North Spruce Street into an 80 room hotel. The $2.4 Million sale of the property closed earlier this month and the new owners, the Jarosz Family Partnership, plan to redevelop the property as a Holiday Inn Express. "The County no longer needs this building and we're excited to see a local company put it to good use,” said Commissioner Sallie Clark, who represents the area in District 3. “With the official closing now behind us, the building is under private ownership. The reconstruction and renovation is starting soon and will immediately generate a hundred or so construction jobs with other 40 or so permanent jobs projected for the operations of the hotel. It’s good for the taxpayers, good for the county, good for business and good for the neighborhood. ”
The buildings at 105 North Spruce street and 17 North Spruce Street housed the offices of the El Paso County Department of Human Services until mid 2011 when those offices were consolidated with a number other county offices and affiliated agencies in the Citizens Service Center at 1675 West Garden of the Gods Road.
Proceeds from the sale of the former DHS building at 105 North Spruce will be used to retire lease-purchase securities associated with facilities provided to the Department of Human Services. The county property at 17 North Spruce is also available for redevelopment as economic conditions in the commercial real estate market improve.
The Jarosz Family Partnership has indicated that it plans to invest approximately $4 Million to renovate, repurpose and furnish the building at 105 North Spruce and expects to open the new hotel next summer.
Contact: Dave Rose
Public Information Officer
Phone: 520-6540 Cell: 337-9239