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Denver buys Central Park hotel used as homeless shelter for $43M

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Denver buys Central Park hotel used as homeless shelter for M


The former Doubletree hotel at 4040 N. Quebec St. in Denver. (Google Street View)

The City of Denver has purchased a former hotel used as a homeless shelter after leasing it for a year.

The city closed on the purchase of the onetime Doubletree at 4040 N. Quebec St. last week, paying $43 million, according to public records.

Denver bought the 300-room property on the edge of the Central Park neighborhood from Rocky Mountain Communities, a nonprofit that bought it last November for $39 million, records show. 

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The nonprofit bought it with a deal with the city already in place: Denver would lease the hotel for $83,333 a month for up to 15 months, and have an option to purchase the property. The option called for the city to pay up to $43 million, with the monthly rent already paid credited toward the purchase price, according to previous BusinessDen reporting.

Lisa Lumley, the city’s director of real estate, told council members last year that the deal was structured that way because the city expected to receive a state grant that it would use for the purchase, but “We need to hold off on any real commitments until we receive our documents from the state.”

Derek Woodbury, spokesman for Denver’s Department of Housing Stability, said in an email this week that the purchase “ensures the sustainability of this property as needed shelter and a re-housing hub.”

“Thanks to State funds awarded to Denver through the Denver-Metro Regional Navigation Campus grant program, the site will also serve as a navigation center for people experiencing homelessness with walk-up services to include housing navigation, and physical and behavioral health care services,” Woodbury said.

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The Salvation Army is managing the property until the end of this year as part of a $10 million contract approved in November.

The deal was one of several hotel purchases or leases by the city around the time that Mayor Mike Johnston assumed office and started an effort to reduce visible homelessness around Denver.

Prior to the purchase by Rocky Mountain Communities, the hotel last sold for $24.4 million in 2022. Speaking to BusinessDen last year, Rocky Mountain Communities CEO Mark Marshall characterized that deal as “kind of a fire sale.” He noted it occurred while the pandemic was still a lingering issue, and said it was part of a portfolio sale, when assets typically sell for less than they might have fetched if sold individually.

The Colorado Housing and Finance Authority, or CHFA, and the Urban Land Conservancy provided financing for the acquisition by Rocky Mountain Communities.

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Denver, CO

Raiders HC Sounds Off on Broncos QB Bo Nix’s Rapid Rise

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Raiders HC Sounds Off on Broncos QB Bo Nix’s Rapid Rise


On Sunday, fans will be treated to a head-to-head contest between two rapidly emerging offensive powerhouses, both of whom are bonafide Rookie of the Year contenders. Denver Broncos quarterback Bo Nix and Las Vegas Raiders tight end Brock Bowers found new homes with consecutive picks during last April’s NFL draft, and since then, they’ve performed exceptionally well in the pro ranks.

Nix is firmly on the radar of Raiders head coach Antonio Piece, but that’s even more true after yet another award-winning performance last week.

“He was a winner as a freshman. He was a winner as a six-year player,” Pierce noted of Nix. “All he does is win, come in the league. Won the quarterback battle there in Denver. Maybe they were keeping them tight on the leash early on, and now they’re not. He has full control that offense. You can see that Sean Payton gives him opportunities to audible and make some adjustments. He’s making throws, he’s running with his legs, he’s taking care of the football, and he’s winning. That’s all you can ask for from a rookie.”

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Nix presents a clear and present danger to the Raiders’ chances of squeezing out what would be only their third win of their massively disappointing season. Stopping the impressive rookie is proving to be another matter entirely for NFL defenses, especially one with a badly beaten-up roster like the Raiders.

“This is crazy,” Raiders linebacker Divine Deablo said via ESPN‘s Paul Gutierrez. “I’ve never seen this amount of injuries on any team I’ve been on.”

This week, Broncos head coach Sean Payton has pumped the brakes a little on the burgeoning hype exploding around Nix. That being said, you get the distinct feeling that Payton is more than comfortable unleashing Nix’s full array of talents at his disposal. Confidence is growing in Nix, and that’s been reflected in how Payton has opened up the playbook for his first-year signal-caller.

The juices are flowing, and Payton may have found an answer in dynamic second-year receiver Marvin Mims Jr. The mystical “joker” role within the Broncos offense seems to have been filled.

“I think we always gotta be saying, ‘Hey, are we doing everything we can to highlight his strengths?’ And so, yeah, I don’t know if he’s got the ‘joker’ tattoo, but he might be invited to the club,” Payton said via Andrew Mason.

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When push comes to shove, if Nix plays lights out again, an easy win might come Denver’s way, but stopping Bowers would also ensure the victory and help in the race for Rookie of the Year honors. Payton is already on high alert, but it was also tinged with a bit of football envy when he illustrated Bowers’ “joker” abilities.

“Someone had a really good vision for him and you see all the ‘Joker’ traits, means and change of direction,” Payton said of Bowers. “It can’t be a little. It’s a high-end receiving trait and he can move, he can be outside and he can run a route tree maybe different than most tight ends.” 

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Jokic and Denver take on the Knicks in non-conference play

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Jokic and Denver take on the Knicks in non-conference play


Associated Press

New York Knicks (9-7, fourth in the Eastern Conference) vs. Denver Nuggets (9-6, fifth in the Western Conference)

Denver; Monday, 9 p.m. EST

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BOTTOM LINE: Nikola Jokic and the Denver Nuggets host the New York Knicks in a non-conference matchup.

The Nuggets have gone 5-3 at home. Denver ranks sixth in the Western Conference with 12.0 offensive rebounds per game led by Jokic averaging 4.4.

The Knicks are 4-5 in road games. New York ranks seventh in the Eastern Conference allowing only 112.4 points while holding opponents to 47.3% shooting.

The Nuggets are shooting 47.8% from the field this season, 0.5 percentage points higher than the 47.3% the Knicks allow to opponents. The Knicks average 14.3 made 3-pointers per game this season, 1.2 more made shots on average than the 13.1 per game the Nuggets allow.

TOP PERFORMERS: Michael Porter Jr. is averaging 18.6 points and 7.1 rebounds for the Nuggets.

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Jalen Brunson is averaging 25.1 points and 7.4 assists for the Knicks.

LAST 10 GAMES: Nuggets: 7-3, averaging 118.4 points, 45.5 rebounds, 31.6 assists, 8.7 steals and 4.8 blocks per game while shooting 49.7% from the field. Their opponents have averaged 112.7 points per game.

Knicks: 6-4, averaging 120.3 points, 42.9 rebounds, 29.9 assists, 6.7 steals and 4.1 blocks per game while shooting 50.5% from the field. Their opponents have averaged 114.5 points.

INJURIES: Nuggets: Aaron Gordon: out (calf), DaRon Holmes II: out for season (achilles), Vlatko Cancar: out (knee).

Knicks: Precious Achiuwa: out (hamstring), Miles McBride: day to day (knee), Mitchell Robinson: out (ankle).

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The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.




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NBA Legend Proposes Cam Thomas-Denver Nuggets Deal

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NBA Legend Proposes Cam Thomas-Denver Nuggets Deal


Could the Brooklyn Nets’ No. 1 scoring option team up with a two-time league MVP?

According to Paul Pierce, it’s possible.

On a recent episode of “Ticket & The Truth,” the former Boston Celtics star suggested a move from Brooklyn to the Denver Nuggets for Cam Thomas to provide the 2023 NBA Champions with a depth boost.

“Alright, let me put my GM hat on,” Pierce said. “I think right now, for Cam, I’d like to see him off the bench for Denver. …Because they need that spark plug off the bench.”

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He may want to take that hat off.

The Nuggets do not have an asset they’d be willing to part ways with that would entice the Nets enough to move off of a 23-year-old who’s turning in over 24 points per game. And even if Denver were to offer a king’s ransom of draft capital, as long as Nikola Jokic is healthy a Nuggets’ choice will never hold much value.

Oct 29, 2024; Brooklyn, New York, USA; Brooklyn Nets small guard Cam Thomas (24) shoots the ball against the Denver Nuggets during the second half at Barclays Center. Mandatory Credit: Gregory Fisher-Imagn Images / Gregory Fisher-Imagn Images

When reports suggested Thomas could be available in negotiations, they didn’t mean Brooklyn was looking to give him away. The return would have to warrant the transaction, and a hypothetical package consisting of Christian Braun and two first-round picks (no offense Christian) won’t be enough to entice Sean Marks.

The Nets shouldn’t look to move Thomas until a can’t-say-no deal emerges. Until then, let him continue to drop nearly 25 a night on the opposition and revisit any potential thoughts of trading the electrifying scorer at February’s deadline.

Want to join the discussion? Like Nets on SI on Facebook and follow us on Twitter to stay up to date on all the latest Nets news. You can also meet the team behind the coverage.

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