JOHNSTOWN — Fort Collins-based Spirit Hospitality LLC has purchased land at 2534, a mixed-use development in Johnstown, where it plans to build a 93-room Comfort Suites hotel.
Spirit paid $1,164,000 for 2.61 acres to 2534 Retail Phase II LLC, an affiliate of Fort Collins-based Chrisland Real Estate Cos., one of three developers of the project. The deal closed April 30.
The 113,537-square-foot Comfort Suites hotel will be adjacent to the Bank of Colorado building within 2534. Plans include a large indoor pool area with a water slide extending outside of the building.
“We are excited to be a part of this rapidly growing area,” said Bill Albrecht, chief executive of Spirit Hospitality, in a prepared statement. “There is great synergy between our hotel and the nearby planned developments.”
Ryan Schaefer, CEO of Chrisland Real Estate Cos., said there is more than $100 million of current construction activity in the 2534 area. “This is only the tip of the iceberg.” Schaefer said.
The 2534 development, located at the southeast corner of Interstate 25 and Highway 34, is being developed by Chrisland, Thompson Ranch Development Co., and Gerrard Development Corp.