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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. ....

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