CU Anschutz seeks $22.5 million to buy adjacent hotel, committee delays vote

Terry Caruthers, executive vice chancellor for administration and finance at University of Colorado Anschutz, asked the Capital Development Committee to authorize acquisition of a hotel adjacent to the campus at 13025 East Mount View Boulevard for $22,500,000. He said the hotel, which opened in 2023 and has 106 rooms, serves campus researchers, patients, students, faculty, clinical providers and innovation partners and would allow the campus to meet accommodation needs without new construction.

Caruthers said the facility offers lodging, dining, fitness amenities, a faculty club and a conference center and that ownership would “allow repurposing on campus spaces, meeting academic needs without new construction.” He added that the hotel’s oversized rooms and kitchenettes are “ideal for extended stays” by patients and families who require post-hospital follow-up before travel.

After the presentation, the committee paused and the Chair said one excused member wished to vote. The committee agreed to lay the CU Anschutz cash request over for later action so that member could participate.

The request was laid over for action; the committee did not take a final vote on the acquisition at this meeting. The Chair said the campus team would remain available when the committee reconvened.