Book Cadillac pulling business to Detroit

The newly opened and newly renovated Book Cadillac is hoping to become an economic anchor for downtown.

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Lots of people have been waiting for this hotel to open for a very long time," Steinbaugh said. "We fully expect to become an economic engine for the greater downtown area and for the additional development we hope a project like this will attract to grow the economic base, as more people want to live, work and play in the city."

Thirty weddings and 150 black-tie, corporate and nonprofit events and fund-raisers have been reserved through 2010. The hotel is booked solid for the holidays with parties, black-tie and charity events at a time when other venues are hurting for business.

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