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City negotiating $7.8M purchase of northeast Denver hotel for homeless shelter Photos courtesy of Hugo Weinberger) The city of Denver plans to buy a hotel to house a portion of its homeless population. U.S. Rep. Diana DeGette was in northeast Denver Thursday with Mayor Michael Hancock to announce that she is working to secure $2 million in federal funding to help the city purchase the former Stay Inn at 12033 E. 38th Ave for $7.85 million. The owner of the 96-room property, Hugo Weinberger, president of the Englewood-based Situs Group, told BusinessDen Thursday the deal is still in the letter of intent stage, and the city is not yet under contract.

United statesCivic center parkMichael hancockHugo weinbergerDiana degetteWyndham travelodgeSitus groupDepartment of housing stabilityColorado coalition for the homelessStay innDenver thursdayMayor michael hancockEnglewood based situs groupBusinessden thursdayColorado coalitionPeoria street