Massive Book-Cadillac hotel deal goes through
One of Detroit’s landmarks, the once lively Book-Cadillac Hotel turned boarded up building, may be renovated and reopened within the next few years. Lawyers began final contract negotiations Wednesday on the 82-year-old building on W. Jefferson Ave., which are expected to last into next week.
One of Detroit’s landmarks, the once lively Book-Cadillac Hotel turned
boarded up building, may be renovated and reopened within the next few
years.
Lawyers began final contract negotiations Wednesday on the 82-year-old
building on W. Jefferson Ave., which are expected to last into next
week.
According to the story.
When it’s over, a $176 million package of tax breaks and loan options
is expected to be enough incentive for Cleveland-based developers
Ferchill group to reopen the hotel as the Westin Book-Cadillac. It will
have 455 hotel rooms and 66 upper-level condos selling for more than a
quarter-million dollars.
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