DENVER — A former DoubleTree hotel in north Denver used to shelter people experiencing homelessness is now owned by the city of Denver.
Denver city and county government bought the former 300-room hotel, at 4040 N. Quebec St., on Wednesday for $43 million, according to public records.
It began leasing the hotel from affordable housing nonprofit Rocky Mountain Communities last November and converted the building into a noncongregate and emergency cold weather shelter shortly after.
Rather than continue leasing the Central Park neighborhood hotel for $83,333.33 a month, Denver opted to purchase the 174,556-square-foot building.
The lease agreement between the city and Rocky Mountain Communities was set to expire in November, and it included an option for a three-month extension. The agreement also included an option for the city to purchase the hotel for up to $43 million before the lease expired. Rent the city has been paying will be applied toward the sale, according to previous DBJ reporting.
"Together with community partners, we will continue to leverage this site as [a] noncongregate shelter for transitioning individuals toward permanent housing," Derek Woodbury, director of marketing and communications for the city's Department of Housing Stability, told the DBJ in an email.
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