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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.”