COLORADO SPRINGS, CO-Despite the terrorist attacks that hammered the travel and resort industries, the five-star Broadmoor Hotel is pushing forward on the final stage of a $75-million renovation. Work began Monday on the original Broadmoor Main Building.

”In the face of recent developments, the decision to proceed on the part of our ownership with the final phase of our major renovation project was courageous and far-sighted,” says Broadmoor President and CEO Stephen Bartolin. ”It shows a serious belief in our product and a real commitment to our future, and it strongly positions us against our competition for many years to come.”

The Broadmoor Main Building as well as the Northmoor and Southmoor buildings will be totally renovated.

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