The owner of the Nativ Hotel building in downtown Denver has filed for Chapter 11 bankruptcy protection in an effort to slow the foreclosure process — and a nightclub operator currently facing heat from the city wants to move in.

KDA Properties LLC said in its Wednesday filing that it owes $9.61 million to four creditors.

The bulk of the money — $8.07 million — is owed to Chicago-based Pangea Mortgage Capital. The claim is secured by the four-story building Nativ occupies at 1612 Wazee St., as well as other assets. Pangea did not respond to a request for comment.

“We’ve recently had the intention to exit the property, but we’re going to exit our way,” said Nativ Hotel co-owner Amin Suliaman. “I’m not going to let them bully us out of the property.”

Companies use Chapter 11 bankruptcy protection to reorganize and help keep the business alive, paying creditors over time.

Suliaman told BusinessDen the bankruptcy filing pertains solely to the business’ real estate. He said the 14-room hotel and attached nightclub are run by a different entity that did not file for bankruptcy.

Pangea Mortgage Capital initiated the foreclosure process for the hotel building in December 2020, according to Denver’s Public Trustee Office. Suliaman said the business was about to receive its PPP funds in January and was “blindsided.”

An auction of the property was initially set for May, but has been repeatedly pushed back. Suliaman said the lender has not set an official date because the business has been making its monthly mortgage payment of $56,000.

“This gives us an opportunity to reset with a neutral third party in the bankruptcy court, and forces our lender to address the plan in place that we have to exit,” Suliaman said. “It gets us back to an even playing field.”

Attorney Jeffrey Weinman of Weinman & Associates is representing Nativ in bankruptcy proceedings.

Building up for sale; hotel largely not operating

It seemed cruel last year that we couldn’t enjoy the crisp, cold air together while sipping beers, gnawing on giant pretzels and enduring polka music.

Fortunately, this year’s crop of Oktoberfests isn’t quite so puny, and the fact that they’re all outside is good news in this dicey era of public health. Some started last weekend, or even in late August, when many of us were still in a summer mindset. But there are many more on tap.

Here’s a sampling of these family-friendly, fall events — many of them free (see this link for haunted houses and corn mazes). Be sure to mask up, and check with each event to see if they require proof of vaccination or a negative COVID test for entry.

The 51st Denver Oktoberfest promises better music production, shorter lines and seamless payment for its array of foods, beers, seltzers and Cutwater cocktails this year. While it doesn’t feature the tongue-in-cheek 5K of years past, it does have keg bowling, a marketplace, stein hoisting, 30-plus bands and long-dog (Dachshund) racing. The fest continues Friday, Sept. 24-Sunday, Sept. 26, along Larimer Street between Market and Lawrence Streets, and 21st Street between 20th and 22nd streets. Wristbands are $15-$65. denveroktoberfest.com

Longmont Oktoberfest takes over Roosevelt Park on Saturday, Sept. 25, with, appropriately, a hearty showing by local producer Left Hand Brewing, but also 10 other breweries, distilleries and cideries. Drinks and German-themed food and festivities — including contests for best-dressed, stein-holding, and bratwurst-eating — complement the mix of rock, bluegrass and other genres on the live-music stage. Entry is $10-$35. lhbfoundation.org/longmont-oktoberfest

Colorado Springs Oktoberfest takes place Sept. 24-26 at the Western Museum of Mining and Industry with traditional food and drink, live bands, the ever-popular weiner dog races, retail vendors, and contests for stein hosting and best costumes. Admission is free, but tickets are required for the beer school, schnapps school and wine-tasting events. $10 parking. csoktoberfest.com

Colorado State (1-2) at No. 5 Iowa (3-0)

1:30 p.m. Saturday, at Kinnick Stadium (Iowa City)

TV/Radio: FS1/1430 AM, 98.1 FM

Line: Iowa -23.5

Weather: 10% chance of thunderstorms, 73 degrees

What to know

Positive momentum. The misery of two awful loses to begin the year got wiped away last week in CSU’s stunning upset victory at Toledo. It wasn’t pretty (zero offensive touchdowns) but the Rams, as 14.5-point underdogs, showcased impressive resiliency and a dominant defense. CSU held Toledo’s offense to just 0.5 yards per rush (28 carries for 13 yards). The Rams compiled seven sacks. CSU should have a newfound confidence that its defense can actually win games this year.

David vs. Goliath. CSU enters another matchup this week as significant underdogs against the talented Hawkeyes. Iowa is riding a nine-game winning streak dating back to last year and it has already beaten two ranked opponents this season: No. 17 Indiana and No. 9 Iowa State. The Hawkeyes’ defense is currently second in the nation with six interceptions over their first three games. Starting quarterback Spencer Petras hasn’t thrown a pick this year. Iowa is a team with real College Football Playoff aspirations.

Do the wave. The in-game atmosphere at Kinnick Stadium ranks among the best in all of college football with 60,000-plus expected in attendance Saturday. Pay attention at the end of the first quarter when the entire crowd all turns at once to wave at the tall building behind the east stands. They’re acknowledging patients on the top floors of a nearby Children’s Hospital. The heartwarming tradition dates back to 2017 and should be celebrated by college football fans everywhere.

Help on the way. CSU’s Week 3 victory over Toledo was more impressive when you consider the Rams were shorthanded with targeting ejections and multiple injuries to key players. But coach Steve Addazio told reporters this week that junior starting defensive back Tywan Francis is “probable” after missing last week. It’s also possible that star sophomore wide receiver Dante Wright returns from injury. CSU is missing a downfield passing threat from its offense. The Rams need all the help they can get against Iowa.

Key Matchups

CSU punter Ryan Stonehouse vs. Iowa return unit. Stonehouse is arguably the nation’s top punter. His ability to flip the field and force the Hawkeyes to move 80 or 90 yards for touchdowns will be essential to CSU hanging in the game. The Rams will get hammered if Iowa’s offense has a short field to the end zone all day.

CSU front seven vs. Iowa offense. We finally witnessed the potential of CSU’s talented defense against Toledo. It now must prove that performance wasn’t an aberration. Look for defensive lineman Scott Patchan to potentially have a breakout game on Saturday against the Hawkeyes.

Predictions

Kyle Fredrickson, sports reporter: Iowa 35, CSU 10

It’s difficult to imagine the Rams scoring many points. But their defense is good enough to prevent an embarrasing blowout.

All aboard the Broncos hype train.

Denver is 2-0 for the first time since 2018 and that early-season success is shifting the betting odds in the team’s favor.

The Broncos, as of Thursday, are now slightly favored to make the playoffs for the first time since the Peyton Manning era at -166 — meaning a $166 bet would win $100 — according to Fanduel Sportsbook. Feeling optimistic? They also have the ninth-best odds at +2,000 to finish the year with the most regular-season wins in the league, according to BetMGM.

How about super optimistic? Denver has +2,500 odds to win Super Bowl LVI, according to DraftKings Sportsbook, an improvement from +4,000 that the oddsmaker gave them entering the season.

Here’s a look at some current odds in the world of sports.

+2,000

The odds the Broncos will finish with the most regular-season wins in the NFL this year, according to BetMGM. Denver has the ninth-best odds. Tampa Bay (+300) is the favorite, followed by Kansas City (+700), Buffalo (+800) and San Francisco (+800).

+500

The odds Broncos cornerback Pat Surtain II will win the NFL defensive rookie of the year award, according to Caesars Sportsbook. He is the favorite, ahead of Cowboys linebacker Micah Parsons (+550) and Washington linebacker Jamin Davis (+750.

+1,100

The odds the Rapids will win the 2021 MLS Cup, according to BetMGM. They have the fifth-best odds. New England (+400) is the favorited, followed by Seattle (+500).

ALBANY, N.Y. (NEWS10) — Come Monday, it’s either vaccination or termination for those who work in state run hospitals and nursing homes. Security officers are among those who work at state hospitals who are being forced to make that decision. The lawsuit claims that the vaccine mandate goes against their constitutional rights.

In a newly filled lawsuit against Governor Kathy Hochul, Heath Commissioner Howard Zucker, and the New York State Health Department, 10 individual state hospital security officers are fighting for the option to have regular COVID tests instead of being mandated to get the vaccine. They say it’s unfair that teachers would have the option for regular testing, but they won’t.

“Students who are 12 years or younger can’t be vaccinated,” said Dennis Vacco. “Inherently, the population in schools is less vaccinated than the population in hospitals or in health care facilities. To say nothing of the fact that health care facilities are constructed to prevent the spread of illness within the facility.”

Former New York Attorney General Dennis Vacco represents the security officers for his Buffalo law firm and said they could lose their jobs, healthcare benefits, and seniority, if they do not get their first shot by Monday.

‘In this instance, we are alleging that the constitutional right to be free from bodily interference and to choose their own treatment is being infringed upon because our clients are being forced to choose between a state mandated treatment, the vaccination, or their employment.”

Vacco requested a temporary restraining order from the court, but it was denied Thursday. However, the lawsuit will be moving forward.

“If we ultimately prevail in the lawsuit, I think that the state is going to be responsible for damages to these employees,” said Vacco.

The state has until October 12 to respond to this lawsuit. NEWS10 reached out to members of the Governor’s Office for a statement on this issue but was told that they do not comment on pending litigation.

ST. LOUIS – Mick Jagger of The Rolling Stones posted a photo of himself on Twitter Friday morning visiting the Gateway Arch.

He looks excited to be in the Gateway city with his arms stretched out wide and a big smile on his face.

ST. LOUIS – The Rolling Stones begin their  “No Filter Tour” in St. Louis on Sunday. 

The stage at the Dome at America’s Center is set for the Stones concert. That concert launches their 13-date tour. It will be the band’s first St. Louis show since 2006 when they performed at the Savvis Center, now known as Enterprise Center.

The band’s “No Filter Tour 2020” was going to include a June 2020 show at the Dome at America’s Center, but because of the pandemic, they had to take an unscheduled break and relaunch the tour. After the unscheduled break, the tour relaunches this weekend at the Dome at America’s Center.

SPRINGFIELD, Ill. – “I think the court got it right and this is a case that’s going to affect tens of thousands of people,” attorney Chris Roberts said.

Roberts is talking about the decision handed down by the Illinois Supreme Court Thursday in the case of Jarret Sproull vs. State Farm. Roberts’ firm represents Sproull.

“If people have a homeowner’s loss within the last year or they’re a business owner with a loss in the last two years, they may have a potential case to pursue and get additional money from the insurance company,” Roberts said.

The issue before the court is whether an insurer may depreciate labor costs the same way it depreciates the cost of the roof you’re replacing when determining the actual cash value of a covered loss.

“It’s not just State Farm,” Roberts said. “There’s a lot of other carriers out there that engage in the same practice.”

The Illinois Supreme Court ruled both the plaintiff and State Farm offered reasonable interpretations of “actual cash value” and “depreciation.” But because the court found State Farm’s policy ambiguous, it ruled the policyholder can recover depreciated labor cost.

“When both sides have a reasonable interpretation, the tie goes to the consumer,” Roberts said. “The tie goes to the person that holds the insurance policy and that’s what the Illinois Supreme Court said.”

In a statement, State Farms said:

“We are disappointed by the Illinois Supreme Court’s ruling in the Sproull case, and its conclusion that certain language in our older insurance policies was ambiguous. Beginning in Feb. 2016, State Farm changed the policy language to provide a definition and outline the components of actual cash value to include materials, labor, and tax. The Sproull case concerns claims made only under the old policy language. We remain committed to paying our customers what we owe on their claims.”

“The next step, because we’re in a class action, is we have to certify the case as a class action,” Roberts said. “If the case eventually resolves, payments can be made from that case to the policyholders or business owners.”

FOX 2 will keep you posted as this case continues through the courts.

It took four agonizing hours and one painful minute on a September afternoon in Coors Field to remind us why they’re the Dodgers and the Rockies never will be, so long as franchise owner Dick Monfort makes a major-league mockery of baseball in Colorado.

After Our Scrappy Lil Rox blew a late lead Thursday and lost 7-5 in 10 innings, the ballpark was awash in Dodger Blue, transplants from the West Coast partying in LoDo like they owned the joint. If championship contention can be bought with a $261 million payroll, maybe if Dodgers offered to a $20 tip to Monfort, he’d also agree to play “I love L.A.” by Randy Newman so they could properly celebrate a victory in Denver.

“Their team travels well, wherever they go. Dodger fans are everywhere. Something you’ve got to deal with. But at the same time, it makes it that much more sweet when you take them down,” said Rockies pitcher Kyle Freeland. He’s a Colorado native who grew up watching fans of the St. Louis Cardinals, Chicago Cubs and the Evil Blue Empire stage unfriendly takeovers of Coors Field in a great sports town that deserves winning baseball.

The Rox rocked high-priced Dodgers ace Max Scherzer, who had allowed only five earned runs in 58 innings since being hoarded by L.A. in trade, for five runs before he could record his 13th out Thursday.

Freeland, who called home-plate umpire Ed Hickox names that no mother would approve, battled for six solid innings despite being squeezed with a strike zone smaller than the Grinch’s heart.

And Raimel Tapia hit his first home run since before Memorial Day to put Colorado ahead 5-3 in the fifth inning.

It all made the audience of Big Blue transplants, who accounted for at least 50% of the 22,356 tickets sold, as miserable as if they were stuck in traffic on the 405 freeway back in LaLa Land. It was a beautiful thing.

“We enjoying creating that pressure and watching a little bit of panic on the other side of the field,” Freeland said.

Maybe playing spoiler in September is as good as Our Scrappy Lil Rox can do.

“This isn’t the situation we want to be in,” Freeland said. “We want to be one of the teams that is going for a playoff spot.”

Isn’t that why Nolan Arenado wanted out of this dusty old cow town? Isn’t the lack of ownership commitment to fielding a competitive team in Colorado the reason shortstop Trevor Story will soon pack up his glove and bat and seek happiness elsewhere?

Even when the Dodgers were down to their last strike, reliever Carlos Estevez was unable to hold a one-run lead in the ninth inning. A two-run homer by Max Muncey in the 10th turned LoDo into the farthest eastern suburb of Los Angeles.

As die-hard Rockies fans in attendance filed out in the street, I felt like the Red Hot Chili Peppers should’ve been playing on the loudspeakers. Some song about California and the sad pursuit of hollow happiness. Sing along, if you know the lyrics: “Tidal waves couldn’t save the world from …”

ST. LOUIS COUNTY, Mo. – Racial slurs were found in another Parkway high school after similar verbiage was found at Central High School.

Parkway School District announced that racial slurs were found in bathrooms at Parkway North High School in addition to Central High School.

Parkway Superintendent Keith Marty said the district launched a police and school investigation, and whoever is responsible will be disciplined and could possibly face legal consequences.

A letter that he sent to parents reads in part, “students and staff are hurt, angry and feeling outnumbered by those willing to stand by and watch without taking action to stop it.”

In protest against the hate speech, hundreds of Parkway Central High School students walked out of class Thursday.

“It makes me sad to think that anybody would be in a class with someone where they feel unsafe and know someone said this about people. I don’t like the feeling,” student Olivia Saphian said.

Students said the racist slurs are hurtful to all students and they are demanding to know what school officials will do to help change the culture.

“It’s honestly so upsetting, and it’s not surprising. We have had issues for the last five years. It’s just frustrating, it’s still happening here at Parkway, and they are not meeting us with the action we are trying to bring,” student Grace Bauer said.