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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 area events for March 5

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Denver area events for March 5


If you have an event taking place in the Denver area, email information to carlotta.olson@gazette.com at least two weeks in advance. All events are listed in the calendar on space availability. Thursday Camilla Vaitaitis Quartet — 6:30 p.m., Dazzle at Baur’s, 1080 14th St., Denver, go online for prices. Tickets: dazzledenver.com/#/events. Miguel — 7 p.m., Fillmore Auditorium, […]



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Report: Broncos expected to ‘make a splash’ at running back

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Report: Broncos expected to ‘make a splash’ at running back


The Denver Broncos are in the market for a running back.

Just two days after NFL Network’s Ian Rapoport reported that Denver wants to have the running back position addressed before the draft, Jonathan Jones of CBS Sports reported that the Broncos are “poised to make a splash” at running back during NFL free agency.

“Denver is the reason why the Jets used the franchise tag on Breece Hall rather than the transition tag, according to sources, making sure Denver wouldn’t get the opportunity to put together an offer the Jets would refuse to match,” Jones wrote for CBS Sports.

Jones said the Broncos would be an obvious potential landing spot for Kenneth Walker, and he noted that Travis Etienne could be a cheaper alternative. The Athletic’s Nick Kosmider also reported this week that Denver is expected to “closely examine” the RB market, and he name-dropped Walker, Etienne and Rico Dowdle.

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The Broncos also have an in-house free agent at RB in J.K. Dobbins, who has expressed his desire to remain in Denver. The Broncos can begin negotiating with pending free agents from other clubs on March 9, but no deals can become official until the new league year begins on March 11. In-house free agents can be re-signed at any time.

Social: Follow Broncos Wire on Facebook and Twitter/X! Did you know: These 25 celebrities are Broncos fans.



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Grand Junction, Palisade reach Great Eight in Denver

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Grand Junction, Palisade reach Great Eight in Denver


GRAND JUNCTION, Colo. (KREX) — The Class 5A Sweet 16 has arrived, and both Grand Junction and Palisade are still standing with trips to the Great Eight in Denver on the line.

At The Jungle, the No. 2 seed Grand Junction Tigers set the tone early against No. 18 Golden. Defense carried the Tigers from the opening tip as they held the Demons to nine first quarter points while scoring 16 of their own.

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Grand Junction added eight points in the second quarter while Golden managed six, sending the Tigers into halftime with a nine point lead.

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Golden responded in the third quarter, outscoring Grand Junction 16 to 11 to cut the deficit to five entering the fourth. The Tigers answered in the final period, attacking the rim and converting key shots to win the quarter 19 to 10. Grand Junction secured a 54 to 41 victory to protect its home court and advance to the Great Eight in Denver.

Top seeded Palisade also defended its home floor with a trip to Denver at stake. The Bulldogs opened with nine straight points to energize a packed gym, but Frederick settled in and closed the first quarter on a run to tie the game at nine.

Frederick continued to respond in the second quarter and took an eight point lead into halftime.

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Palisade shifted momentum after the break. The Bulldogs tightened defensively, holding Frederick to 21 points in the second half while scoring 39 of their own. Palisade completed the comeback to advance to the Great Eight.

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Colorado Mesa University Women Deliver Historic RMAC Tournament Win

In collegiate action, the top seeded Colorado Mesa University women’s basketball team defeated Colorado School of Mines 96 to 51 in the RMAC Tournament, marking the largest margin of victory in the tournament this century.

Olivia Reed-Thyne led the Mavericks with 34 points on 11 of 15 shooting, her third 30 point performance this season. Mason Rowland added 22 points and Hallie Clark contributed 10 as Colorado Mesa matched a program record with its 31st win. The Mavericks will host the semifinals Friday with a berth in the championship game at stake.

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Colorado Mesa University Men Survive Overtime Thriller

The Colorado Mesa University men’s basketball team faced New Mexico Highlands University for the third time this season. The Mavericks scored 36 first half points and led by four at the break.

New Mexico Highlands shot 50 percent in the second half, received 21 bench points and outscored Colorado Mesa 43 to 39 to force a late push. With the season in the balance, Ty Allred hit a game tying 3 pointer to make it 75 and send the game to overtime. Allred scored seven points in the extra period as Colorado Mesa earned a 91 to 90 victory to advance to the next round.

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