Denver Housing Authority Acquires Hotel On Quebec St For $26M

The former Best Western hotel located at 4595 Quebec St in Northeast Park Hill, Denver, has been sold to the Denver Housing Authority (DHA) for a total of $26 million. The property, which will undergo conversion, is set to be transformed into housing for the homeless.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $26,000,000
• Address: 4595 Quebec St
• Market: Denver, CO

The buyer, Denver Housing Authority, acquired the hotel with the intention of repurposing it into housing for individuals experiencing homelessness. This purchase demonstrates DHA's commitment to providing support and assistance to vulnerable members of the community, providing them with a safe and secure place to live. The conversion of the former Best Western hotel aligns with DHA's mission and reflects their dedication to addressing the ongoing housing crisis in Denver.