Funding for the purchase comes from the American Rescue Plan Act and state funds awarded to the city through a grant.
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 …