Graduate Ann Arbor opens, now city’s largest hotel
Chicago-based AJ Capital Partners has made a $51 million bet that Ann Arbor 's dearth of downtown accommodations means big business for their new hotel.
Chicago-based AJ Capital Partners has made a $51 million bet that Ann Arbor ‘s dearth of downtown accommodations means big business for their new hotel.
Excerpt:
“Dennis Doyle, executive vice president of sales and marketing at the Ann Arbor Convention and Visitors Bureau, said the sale price can be attributed to strong demand for hotel space in the city, where occupancy rates, at 65 percent, are above the national average.”
Read the rest here.
Related Articles
AI’s impact in Washtenaw County, from tech boom to data centers
Our new three-part series digs into AI’s impacts in Ann Arbor’s tech industry, its utilization in Washtenaw County’s educational world, and the ongoing debate about data centers in several Washtenaw County communities.
Ypsi selected to join downtown revitalization program with emphasis on small manufacturers
Ypsilanti is one of six communities participating in Recast City’s Recast Leaders program, which is focused on strengthening local economies through small-scale manufacturing and product-based businesses.
Data centers in Washtenaw County: Economic boon or environmental liability?
Data center developers and advocates tout their projects as responsible, job-creating economic development engines, but many residents are opposing what they see as threats to their utility bills and the environment.
