Posted May 28, 2011, 1:02 AM
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Detroiter4life
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Join Date: Jul 2001
Location: Back home in Georgia!
Posts: 4,058
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New hotel plan emerges for the David Whitney building
Quote:
A new downtown hotel is planned as part of a mixed-use development for the historic David Whitney building.
The 19-story building will be split between apartments and hotel rooms.
It was purchased in March by Whitney Partners LLC, an evenly-split joint venture between Detroit-based developer The Roxbury Group and Farmington Hills-based hotel investment firm Trans Inns Management Inc.
Trans Inns executives say that despite the negative image of Detroit hotels, there is demand for a boutique hotel.
βIn the first quarter, the revenue performance is up 25 percent in the city,β said Mike Damitio, senior vice president of acquisitions for Trans Inns. βA unique offering, aimed at Gen-X, Gen-Y people in a true, historic, downtown building, would do well.β
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http://www.crainsdetroit.com/article...itney-building
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