Developer Proposes Hotel at Former Wells Fargo Site

LaPour seeks to demolish the midcentury bank building at 401 S. College Ave. for a six-story hotel and townhomes.

Updated on Nov. 9, 2026 in Openings & Closings

Developer Proposes Hotel at Former Wells Fargo Site

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Developer LaPour has proposed demolishing the former Wells Fargo building at 401 S. College Ave. in Fort Collins to build a six-story hotel and townhomes. The building has been nominated for landmark status, so Historic Preservation Commission review is required before any decision.

Why it matters

The project would replace a midcentury modern building that is eligible for historic designation, putting preservation goals against redevelopment on a prominent corner of the city. Residents of Fort Collins will weigh in as the proposal moves through review.

The proposal calls for a six-story hotel with 150 to 160 rooms and six to 12 studio and one-bedroom townhomes, against a previous plan for up to 160 units abandoned after a new developer was hired. The district allows up to nine stories, but the outcome of the historic landmark review remains unresolved.

The players

LaPour

LaPour is a developer that has constructed hotel, office and industrial buildings in Nevada, Arizona and Colorado.

Fort Collins Planning and Zoning Commission

The Fort Collins Planning and Zoning Commission is the city body that must approve the hotel portion of the project through a Type 2 review.

The details

The developer determined that keeping the building in place is not viable and seeks the next highest and best use for the site at College Avenue and Magnolia Street. The hotel would sit on the College side of the lot and the townhomes on the Mason side, while environmental issues including asbestos and lead must be resolved and the building sits in the floodplain.

Oct. 29: Neighborhood meeting where development plans were presented to residents.
Dec. 16: Historic Preservation Commission hearing on the proposal.

Openings & Closings Context

The proposal sits within a zoning district that allows up to nine stories, and the proposed six-story hotel would fall below that ceiling. The project's fate depends on whether the midcentury building's landmark nomination outweighs the redevelopment plan.

Residents near College Avenue and Magnolia Street would see a six-story hotel and townhomes replace the current bank building if the project is approved. The outcome will shape the streetscape and housing options available downtown.

The takeaway

Residents who want to influence the outcome can attend the Dec. 16 Historic Preservation Commission hearing, where the landmark nomination will be considered alongside the redevelopment plan.

What happens next

The Historic Preservation Commission will hold a hearing on the proposal on Dec. 16, and the hotel portion must then go through a Type 2 review before the Fort Collins Planning and Zoning Commission.