Royal Realties, LLC, a group of overseas investors, now owns Dearborn's Hyatt Hotel.

It appears the $12.5 million sale of the Hyatt Hotel in Dearborn is finally official. We reported it had been sold back in August on these pages didn’t have the name of the buyer (see earlier story, HERE.)

In a press release issued Friday, HREC Investment Advisors says the purchaser was Royal Realties, LLC, a group of overseas investors.

The sale of the 772 room hotel was handled by Mike Cahill, CEO and founder of HREC.  As the court appointed hotel receiver, Capital Hotel Management was the named seller of the asset acting on behalf of the special servicer.

The 20th annual HFCC Mike Adray Memorial Tournament is May 18 at the Dearborn Counry Club.

There are awards for men’s, women’s, mixed-division champions, longest-drive, straightest-drive, hole-in-one, closest to hole, and chipping contest winners.

Register Online Today HERE.  A.M. golf is $200. P.M. golf is $250 includes:  Eighteen holes with cart, breakfast, lunch, dinner and use of Dearborn Country Club’s driving range, locker rooms and facilities.

 Check out the Online Auction HERE. Silent Auction at DCC.

Info. www.adraygolf.com

Email adraygolf@hfcc.edu

Call (313) 317-4092