I don't know why the City would take on the cost of demolition if there was someone willing to buy and renovate it.
Abandoned KCMO hotel goes up in flames
Despite the fire damage, a group of investors wants to buy and re-open the hotel.
Santosh Padhy told the 41 Action News Investigators he's part of a group of investors willing to put up $3 to $4 million to make it happen.
Padhy toured the hotel Wednesday afternoon to see the fire damage.
He said he's offered to buy the hotel for $800,000 and spend $2.5 to $3 million to fix it up for business.
City leaders are planning to get bids at the beginning of the new year to demolish the hotel property at an expected cost to taxpayers of about $1.5 million.
Padhy said he can finalize terms to buy the property next month.
He said he's currently negotiating with city leaders to prevent them from demolishing the property.
"This is going to cost me a lot more than what I was expecting," Padhy said. "But I still don't want this building to be torn down to the ground."
Fire prompts emergency demolition at abandoned Northland hotel (the headline is wrong. it's not in the Northland)