BrokerageDevelopmentHospitalityMultifamily

7-Story Apartment Project to Replace Ramada Hotel

San Antonio-based Kairoi Residential, a vertically integrated multifamily investment, development and property management company with an office in Denver, recently purchased the Ramada by Wyndham Denver Downtown hotel, located at 1150 E. Colfax Ave. Kairoi paid $14.15 million, according to property records.

The developer plans to demolish the hotel and build a seven-story 334-unit apartment project, according to a site development plan submitted to the city. The site is zoned for development up to eight stories.

Plans also set aside 6,000 square feet of ground floor retail/restaurant space, a third-floor amenity deck with a pool and spa, as well as a 412-space parking garage.

Ramada by Wyndham is owned by Keys of Denver Hospitality LLCA. A timeline for the hotel’s closure is not yet known.

Photo courtesy of Wyndham Hotels

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3 Comments

  1. Aubrey Lee
    October 24, 2021 at 11:09 am — Reply

    Why are there more parking spots than apartments? This is right along a high capacity transit corridor, we need more low income housing and they are building a parking garage with some housing.

    • Sarah Harkins
      February 27, 2022 at 11:11 am — Reply

      Because they also are having retail space, so I’m sure some parking will be for that. Also if you don’t have more spots, the 250 out of those 300something apartments where each had 2 cars….that would devastate the street parking for home owners and businesses in the area. Yes we do need more low income housing, but having extra parking is a good idea if this is the unfortunate structure they are choosing to build.

  2. E.Scarbeary
    January 26, 2022 at 9:19 pm — Reply

    The Ramada has already been completely emptied and is almost demolished they have not started to build the new 7 to 8 story apartment complex so the comment above is not a valid statement and they would not build more parking they are building enough for the building’s future residents.

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