East Colfax Motel raises rates from $225 to $455 a week. (Denver: extended stay, apartments)

[lovecrowds]

King's Inn residents in Aurora resist eviction after rent raise

Looks like more homelessness likely in Denver.

I think it is certainly interesting how things have changed in Denver.

There used to be lots of rooming houses for $100 a week, motels for $150 a week and apartments that rented in prime-parts of Denver for $150 a week.

Now, the extended stay places in Denver are priced around $400 a week or more. Only a very few rooming houses if they are even still open and the previously $150 a week apartments with no lease and no deposit are now expensive studios requiring first and last.

Mayor Hancock though has a plan it seems to built a few luxury apartment buildings with lots of government money and tax credit properties that reduce tax revenue.

Of course many of the new luxury subsidized rentals will take years to build, have waiting lists and require a litmus list of requirements to rent with them.

[illinoisphotographer]

Seems somewhat reasonable to me, IMHO. Works out to $60/night which is standard for a motel.

Residents, many who have lived there for years

The question is why the hell is anyone living in a motel for a permanent residence?

[Coloradomom22]

Originally Posted by illinoisphotographer

Seems somewhat reasonable to me, IMHO. Works out to $60/night which is standard for a motel.



The question is why the hell is anyone living in a motel for a permanent residence?

Because they do not have the credit background or money for a first/last month/deposit on any other place, and the waiting lists for affordable housing are long. Also, the residents tend to be more transient people with drug problems and criminal backgrounds.

The problem is that King's Motel is known as a homeless/transient motel and is not a real motel as far as offering real services you'd get normally (towels, linens). Rooms are run down and many have bugs infestations. Crime is rampant (as per police officer friend who works that area). The previous owner was losing money and now the new owner has plans to fix up the rooms but the rent hike was a huge shock to most residents. Yes, there is no rental agreement or law to stop the new owner but doubling the rent will make all of the residents truly homeless. It's a sad situation for many who have called the motel their home for years. I can't blame the new owner for wanting to make money either so I don't know what the answer is.

[eatsDEN]

any time a property sells to a new owner, one can basically expect rents to rise -
simply due to the upwardly adjusted basis of the new owners when compared to the previous owners....


very typical scenario.

[Timmyy]

Originally Posted by lovecrowds

King's Inn residents in Aurora resist eviction after rent raise

Looks like more homelessness likely in Denver.

I think it is certainly interesting how things have changed in Denver.

There used to be lots of rooming houses for $100 a week, motels for $150 a week and apartments that rented in prime-parts of Denver for $150 a week.

Now, the extended stay places in Denver are priced around $400 a week or more. Only a very few rooming houses if they are even still open and the previously $150 a week apartments with no lease and no deposit are now expensive studios requiring first and last.

Mayor Hancock though has a plan it seems to built a few luxury apartment buildings with lots of government money and tax credit properties that reduce tax revenue.

Of course many of the new luxury subsidized rentals will take years to build, have waiting lists and require a litmus list of requirements to rent with them.

He has government money to build luxury apartments? Do you have a source for this?

['M']

Originally Posted by Timmyy

He has government money to build luxury apartments? Do you have a source for this?

Timmyy - I'm curious about the accuracy of this information also. Does anyone know the facts?

[JMHT13]

Screw that owner for not wanting his property to remain some bug infested crack house!

Maybe these long term hotel residents can show them the lease they signed.. /s

Yeah, it's sad that some of the good people there have to suffer but it's not fair to the new owners. If you bought my home and I just decided to stay in the spare bedroom you'd probably be a little irked too.

[kevin_in_Denver]

Here's an East Colfax motel that is unique, awesome and no doubt will be torn down soon.
Fantasy suites in an adult motel, located in Aurora (metro Denver), Colorado - Mon Chalet

Check it out before it's gone, an honest-to-god swingers motel.

[headingtoDenver]

Wow. Someone buys a business and wants to turn the business around and make it profitable, and he gets chastised for it. Who would have thought that a business is not a charity.

[tcbelvis]

Originally Posted by headingtoDenver

Wow. Someone buys a business and wants to turn the business around and make it profitable, and he gets chastised for it. Who would have thought that a business is not a charity.

Exactly. Why can't we have $50 hotel rooms that aren't full of crackheads and roaches? Sometimes I just need a place to crash and don't want to spend $125 for the night. People living in motels/hotels have ruined things for everyone else. Get a real apartment!