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Hotel, motel conversion into apartments becoming popular in Colorado Springs
A new trend may help Colorado s affordable housing crisis, and it involves converting hotels and motels into apartments.
and last updated 2021-07-14 21:12:15-04
COLORADO SPRINGS â A new trend may help Colorado s affordable housing crisis, and it involves converting hotels and motels into apartments. I think it is a great idea. We have a lot of hotels, motels, and a lot of new ones coming online. So some of the old ones, this could be a great new purpose for them because we are really desperate for housing, said Richard Skorman, Colorado Springs City Council.
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Visitors enjoy the gondola plaza area at the base of Aspen Mountain on Friday, July 9, 2021. A recent survey and study of mountain town residents and visitors examines the impact of the influx of people to the Colorado mountain towns and what it could mean for locals in the coming years. (Kelsey Brunner/The Aspen Times)
Pitkin County has lots of bragging rights when it comes to its expensive housing market, like that flashy $72.5 million home sale on Red Mountain last month, or the 650-acre Snowmass Falls Ranch that recently hit the market for $50 million.
But for all of the furious action over the Aspen-area’s jaw-dropping home sales, there have been multiple reactions. That includes making it even more difficult to rent or own housing in Pitkin County.
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