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The city of Denver’s pending $7.85 million purchase of a hotel in northeast Denver last week likely won’t be the last of its kind.
Mayor Michael Hancock stood alongside Congresswoman Diana DeGette last Thursday to announce the city’s intention to put $2 million in federal funds toward the purchase of the 96-room, would-be Travelodge Hotel at 12033 E. 38th Ave., with the intention of converting it to a homeless shelter.
The city’s assistant director of real estate, Lisa Lumley, told BusinessDen this week there could be more hotel purchases in the future.
While the city didn’t put out an official request for proposals when seeking this initial purchase, Lumley said, one could be issued seeking future buys in “the next few months.”
City selling sliver of Belleview Station land for 550,000 percent gain
Thomas Gounley photo)
And that was the seller speaking.
“It is not buildable. It is not usable in any way, shape or form,” said Lisa Lumley, the city’s assistant director of real estate.
“It is not a square or a rectangle,” added City Councilwoman Kendra Black. “It is a very odd-shaped piece of property that literally couldn’t be used for anything.”
But nevertheless, the city had found a buyer for 2,208 square feet of the 4889 S. Quebec St. parcel, a narrow bit of land left over from the construction of RTD’s Belleview Station, which is just across the street.