Last week something happened in Monument that hasn’t happened in nearly 40 years – a hotel opened its doors.
The 85-room Fairfield Inn & Suites by Marriott in Monument opened April 23. It’s the town’s first new hotel in more than 36 years. And, so far response has surpassed investors’ expectations
“The month of May is booked solid. June and July both look strong, mostly due to several events at the Air Force Academy,” said Stan Kensinger, who along with Jim DiBiase and managing partner Kevin Engelhardt is an owner/partner in Jackson Creek Holdings LLC.
Located off Interstate 25 and Baptist Road at 15275 Struthers Road, the Fairfield Inn & Suites will be managed by InterMountain Management of Monroe, La.
The new facility was preceded by the Falcon Inn which was built in 1972 and closed three years ago.
The $8.5 million, 85-room facility includes a pool, spa and breakfast area and is designed to reflect Monument’s mountain look and feel. It also includes meeting rooms which are already attracting clients Kensigner said.
It took two years to complete the entitlement and construction process. Colarelli Construction was the general contractor.
The Fairfield represents the area’s only overnight accommodations in the town of Monument, just 2 miles from the north gate of the U.S. Air Force Academy.
Jackson Creek managing partner Engelhart has lived in Monument for 15 years.
The investors said they hope their highly visible location will attract year-round visitors to the state as well as families attending annual events at the United States Air Force Academy,.
Though the entitlement process took two years, the investors said they were confident that on the heels of thousands of new households, a bustling Monument Marketplace and a revitalized downtown, that the town was ready for the new hotel.
The hotel has 32 suites and a meeting room that can accommodates as many as 48 people – a venue in great demand by Monument residents Kensinger and DiBiase said.
“The locals have been begging us to get it done,” said DiBiase. “We’re very pleased with the way it turned out.”