The Stagecoach Inn in downtown Manitou Springs is pending sale, following the restaurant’s closure Feb. 6.
Dave Symonds, who has owned the restaurant at 702 Manitou Ave. since 2006, said it has closed for renovations in order to prepare for purchase by an unnamed buyer. He declined to comment further.
Symonds and his wife, Kathy, put the property and restaurant on the market last year in an attempt to sell the struggling business. The couple purchased the real estate for $1.15 million, according to El Paso County Assessor’s records.
The 6,748-square-foot restaurant, built in 1900, and the .65-acre lot on which it sits are now listed online by RE/Max Commercial for $1.1 million, decreased from the initial $1.35 million asking price.
“This English-style pub has a creekside patio and cozy fireplace,” according to the listing. “Steeped in Colorado history, the facility is large enough for receptions, banquets and bus tours with seating capacity of 150 inside and an additional 90 on the patio.”
News of the restaurant’s closure and potential sale came only months after Symonds closed and sold his other business, the Craftwood Inn, following a two-year struggle to achieve profitability.
The 74-year-old Manitou Springs restaurant and event venue at 404 El Paso Blvd., popular for weddings, closed March 9 after Symonds was unsuccessful in finding a buyer.
The 1.13-acre lot and 7,228-square-foot building had been listed for $1.45 million on the RE/Max Commercial website.
Kiva Holdings Craftwood LLC then purchased it Nov. 20 for $950,000 and have rebranded it the “New Craftwood Inn Event Center.”
New owners Brian Scully and David Monson formerly owned The Pines at Genesee for a decade and operated a catering business for 28 years in Golden before selling both in 2008. The business partners, who recently returned from living and coordinating weddings in Hawaii, plan to overhaul the property before reopening in coming months.
A former Stagecoach employee, who requested anonymity, said that around 30 people lost jobs when the Stagecoach closed last week, but that they had been notified of a closure beforehand.
“When you own a business, you just think that around the corner will be what makes the difference,” Symonds told the Business Journal in March. “It’s just been two summers of really difficult times affecting the money we make. There is no money in the winter because this is a tourist town … [then] the fires and floods kept them away. It eventually just caught up with us.”