Chartwell Hospitality announced the sale of their Home2 Suites by Hilton property located in Colorado Springs, Colo. to ARA US Hospitality Trust. ARA acquired the extended-stay hotel with 119 rooms for $29.0 million.

Chartwell Hospitality will continue to manage the Colorado Springs, Colorado Home2 Suites property which is conveniently located at the foothills of the Rocky Mountains near the Fort Carson military base and the Broadmoor Convention Center and Resort. This pet-friendly hotel features a 24-hour business center, meeting space, indoor heated pool and a combined fitness and laundry center with convenient access to downtown Colorado Springs, Garden of the Gods, Olympic Training Center and Museum, Pikes Peak and the Colorado Springs Airport.