Deal Reached on Vacant Dearborn Hotel

The new hotel is expected to open later this year.

A near-completed hotel on Michigan Avenue that was slated to open as a Holiday Inn Express a couple of years ago now has a new owner, who is working to open the hotel later this year.

We have written several stories about the hotel, the most recent in November when we received word that a new buyer was working on purchasing the nearly-completed hotel from a bank. The good news is a deal was reached between the two parties and the hotel is expected to open as a Holiday Inn Express.

The property, just west of Telegraph on Michigan and adjacent to Toys R Us, landed in the hands of the bank when the original developer simply ran out of money and couldn’t finish the project.

The out-state buyer, who owns other hotels, intends to open as a Holiday Inn Express, a person familiar with the negotiations tells us.

This entry was posted on Sunday, January 8th, 2012 at 5:30 am and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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5 Responses to “Deal Reached on Vacant Dearborn Hotel”

1. Dennis says:
   January 9th, 2012 at 12:01 pm

   Our community is going to see new people moving our way, with this location, unfortunately it will be the hookers from Inkster.

2. Harry says:
   January 10th, 2012 at 11:07 am

   I understand how our local chamber of Commerce must have been working so hard, along with our illustrous Mayor, to attract this to our town. Maybe this will be a place for O’Reilly’s convention center after all.

3. tdogg says:
   January 10th, 2012 at 3:50 pm

   Who would you rather see in there, ladies of the night engaging in good old fashioned commerce, or a preferred developer neglecting maintenance, raising the rents so high the property went bust, and and then ignoring his tax bills?

4. Saab says:
   January 11th, 2012 at 6:34 pm

   This is where Somers will hope to be workinng, when he loses in his attempt to run for Circuit Judge, but I personally don’t think he will get it, because of all his past screwups.

5. bitsy08 says:
   March 26th, 2012 at 1:04 pm

   It boggles the mind that this hotel would be built at all. With the economy the way it is, who has time to go on vacation? For what other reasons, other than Ford, would anyone need a room? Besides which, we have a plethora of other hotels in closer vicinity of Ford in which to stay. Why would someone come all the way down here?