High-end hotel chains and boutique properties are building on Metro Detroit's improving economy and cachet as a travel destination.
Excerpt:
"Detroit might be in bankruptcy, but its hotel industry is on an upward trajectory. Three casino hotels have opened in recent years. A new Starwood Aloft hotel is set to open next year in a landmark building in Grand Circus Park downtown. And developers have proposed turning a historic firehouse across from the Cobo Convention Center into a boutique hotel....
Hotel occupancy rates in the metropolitan Detroit area have gone from 47.5% in 2009, when General Motors and Chrysler filed for bankruptcy protection, to 61.3% so far this year, according to hotel industry tracking firm STR. That's in line with the national average. Last month, hotel occupancy levels reached 70.3%."
More
here.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.