Developer Kairoi Residential plans to re-develop the Ramada hotel at 1150 E Colfax Ave in Denver Colorado. The hotel will be demolished to build a seven story residential structure with 334 units. The project would have 6,000 square feet of retail space along Colfax and 342 parking spaces. Tyler Sibley is vice president of development for Kairoi. The project is in the planning stage and the hotel is still in operation.