The El Colorado Lodge, a historic gem opened in June 1926, is a single-story, economy-class hotel with exterior corridors, offering a unique, independent operation and a boutique experience for guests. Located at 23 Manitou Ave in the sought-after Colorado Springs South Submarket, this property is perfectly situated in a suburban setting close to local attractions. The lodge features 26 guest rooms and provides additional income through its parking lot lease with Emerald Fields, generating $10,000/month. Recent improvements include a full electrical upgrade to underground wiring, refreshed landscaping, and interior room renovations. The seller, a creative investor, is open to exploring options such as lease purchase or seller carry, offering flexibility to potential buyers. Additionally, the property is easily accessible, with Colorado Springs Municipal Airport just a 28-minute drive away.