Denver Hotel Purchase First Step on Way to New Apartment Complex

Kairoi Residential logo

Plans are in the works for the demolition of a one-time Residence Inn hotel in Denver to make way for a new multi housing complex.

Located at 2777 N. Zuni Street, the two-story hotel was built in 1982 and has been one of nearly 900 such extended stay inns operating under the Marriott brand.

The motel sits on a 3.8-acre site in the city’s Highland neighborhood.

Now the multifamily developer and investor Kairoi Residential, which is headquartered in San Antonio, has purchased the structure for nearly $39 million with the goal of building 434 apartment units in a five-story building.

The residential component will comprise at least 450,000 square feet, while another 170,000 square feet will be given over to a parking facility.

The Chicago-based firm of Valerio Dewalt Train has signed on as architect for the project.

Kairoi Residential specializes in urban, high-rise residential projects. In the last two decades it has built roughly 69,000 multifamily units across the country, at a total dollar value of $9.8 billion.

The company has been particularly active in Texas and Arizona.

Plans for the N. Zuni Street project are currently being reviewed by the City of Denver.

December 12, 2025

By Garry Boulard

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