Police now have 32-year-old Michael Ray from Georgia in custody. He is facing first-degree murder charges.
Officers say at approximately 4:15 a.m. they found the victim, 31-year old Patrick Hampton from Tennessee, in a parking lot on the 1000 block of Kelly Johnson Blvd. in Colorado Springs. The area is near Voyager Pkwy and N Academy Blvd.
The victim was reportedly stabbed several times. He was taken to the hospital where he later died.
Colorado Springs Police are not looking for any other suspects.