DENVER, Colo. -- Denver will be the place to see and be seen when the national political spotlight hits the mile-high city during the Democratic National Convention in August.

That is, if you can find a place to stay.

Already, hotels are raising their rates, and homeowners are looking for ways to cash in.

“As you know, we have enough rooms for the delegates and the media, but demand is high and supply is thin,” said Ilene Kamsler, president of the Colorado Hotel and Lodging Association. “The DNC is holding a majority of the room right now. They may or may not need them all. You don’t know until it gets closer to it… the rooms haven’t been released yet.”

Until then, she says, hotel prices seem to be going up.

One booking Website shows The Hyatt Summerfield Suites in Englewood listing rooms at $699 a night during the DNC.

But no amount of money will buy a suite at The Ritz-Carlton, Denver.

"For the week of the convention, we are spoken for, we are sold out," said Audrey Strong, director of communications.

Their hotel is part of the DNC’s room blocks, rooms reserved for the delegates and those chosen by the Democratic National Convention Committee.

For people who don’t want to wait to see if the rooms are released, entrepreneurs such as John Worden are offering another option: their homes.

Online advertising sites are full of people trying to sublet their houses during the convention.

Worden is offering his home and his rental property, hoping it will go for up to $2,000 a night.

"It's a great opportunity for the city. It's a great opportunity for me. I'm not going to pass it up," he said.