Extended-stay hotel being built on N. Chestnut
After the demolition of a long-time roadhouse on the 3-acre site, a Value Place Hotel is being built at 3350 N. Chestnut St.
It will be the second Colorado Springs location for the national chain, which advertises itself as an “extended stay” hotel (all the rooms are kitchenettes) encouraging overnight visitors as well as those who wish to pay by the week.
As such, the 124-room facility will add to an existing row of apartments and motels along the west side of North Chestnut.
In that area, Chestnut serves as a frontage road for I-25, with nearby freeway access at Fillmore Street.
The final drawings approved by city staff show a 45,000-square-foot building, four stories high. The plan is to open this summer, according to project manager Jerry Proctor.
A rambling, 10,000-square-foot, single-story roadhouse had been on the Value Place site for about 30 years before being demolished last summer. It had been home to several restaurants/nightclubs, including Howard's Pit Barbeque.
The site was chosen, Proctor said, because of its proximity to a freeway interchange that's about to be modernized (Fillmore/I-25) as well as to the “larger employers in town.”