Crowne Plaza Detroit Downtown Riverfront

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Crowne Plaza Detroit Downtown Riverfront
RiversideHotel.JPG
Crowne Plaza Detroit Downtown Riverfront
General information
Location Detroit, Michigan
Address2 Washington Blvd
Coordinates 42°19′41″N83°02′51″W / 42.328°N 83.0476°W / 42.328; -83.0476 Coordinates: 42°19′41″N83°02′51″W / 42.328°N 83.0476°W / 42.328; -83.0476
OpeningJuly 24, 1965
OwnerGabriel Ruiz
Management InterContinental Hotels Group
Height75 m (246 ft)
Technical details
Floor count25
Design and construction
ArchitectKing & Lewis
Other information
Number of rooms367
Website
Official website

The Crowne Plaza Detroit Downtown Riverfront, is a 367-room, 25-story high-rise hotel opened in 1965, adjacent to TCF Center in Downtown Detroit, Michigan.

Contents

History

The Plaza Land Company was established in 1955 to construct a modern hotel on a site adjacent to the planned Convention Hall and Exhibits Building. In 1956, the company announced a partnership with Conrad Hilton to construct a $24 million hotel, to be named the Pontchartrain Hilton. However, the Hilton Hotels Board vetoed the deal in 1960. The Plaza Land Company then turned to Samuel and Aaron Gershenson's Downtown Investment Company, which assumed control of the project. [1]

King & Lewis designed the Hotel Pontchartrain in the modern architectural style, with contemporary French interiors, and employing angular bay windows which provides every room with views of the International Riverfront and the city. The Pontchartrain was originally intended to have a twin tower, on the other side of the plot, but it was never built. The Hotel Pontchartrain was dedicated on July 24, 1965, the 264th anniversary of the founding of Detroit. [1] It was built on the site of Fort Pontchartrain, Detroit's first permanent European settlement, built in 1701, which later became known as Fort Detroit. [2] The hotel is named for the fort and for an earlier Hotel Pontchartrain, which was located on Cadillac Square at Woodward Avenue, before it was demolished in 1920. [3]

George H.W. Bush stayed at the hotel during the 1980 Republican National Convention. In 1985, the Crescent Hotel Group, a subsidiary of Lincoln Savings & Loan purchased the Hotel Pontchartrain for $19.5 million. Lincoln S&L Chairman Charles Keating soon thereafter arranged to buy the hotel outright from the company and set up the Hotel Pontchartrain LP, controlled by Keating, his family, and executive contacts. The sale was financed by a series of ethically questionable loans from Lincoln and its subsidiaries and totaled $38 million. [4] U.S. Senator Donald W. Riegle (D-MI) later cited his arrangement as his basis for considering Keating a constituent during his involvement in the Keating Five scandal. [5]

On March 30, 2001, it reopened as the Crowne Plaza Detroit Pontchartrain, following a major renovation. [6] In 2006, Shubh LLC purchased the hotel and it underwent a $35 million renovation, reopening as the Sheraton Detroit Riverside in November 2007. [7] Within a year, however, Sheraton revoked its branding agreement due to poor management and the property became the Detroit Riverside Hotel. On June 26, 2009, the Wayne County Circuit Court appointed David Findling of The Findling Law Firm, PLC, as receiver of the hotel. [8] The hotel was again shuttered in August 2009 when Mutual Bank of Harvey, Illinois foreclosed on the mortgage. [9] After the Illinois Department of Financial and Professional Regulation banking division declared Mutual Bank insolvent, United Central Bank of Garland, Texas, acquired Mutual Bank's assets. [10]

In March 2012, the hotel was sold by the Receiver, David Findling to an unnamed investor who reportedly planned to renovate it and enter into a management agreement with Crowne Plaza Hotels & Resorts, a division of InterContinental Hotels . [11] The Detroit Metro Convention & Visitors Bureau reported that the purchaser was Mexico-based developer Gabriel Ruiz. [12]

The Hotel reopened on July 17, 2013, as the Crowne Plaza Detroit Downtown Convention Center. [13] Its name was later slightly modified to Crowne Plaza Detroit Downtown Riverfront. Due to the quality of the renovation, the hotel was awarded Development of the Year by IHG Intercontinental Hotel Group during its 2013 October annual convention in Las Vegas. Ruiz intends to reopen the iconic "Top of the Pontch" restaurant and build the second tower that was included in the hotel's original plan. [14]

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References

  1. 1 2 "BHL: Plaza Land Corporation records: 1955-1962". Bentley Historical Library.
  2. ↑ Meyer, Katherine Mattingly and Martin C.P. McElroy with Introduction by W. Hawkins Ferry, Hon A.I.A. (1980). Detroit Architecture A.I.A. Guide Revised Edition . Wayne State University Press. ISBN   0-8143-1651-4.CS1 maint: multiple names: authors list (link)
  3. ↑ Austin, Dan. "Hotel Pontchartrain". Historic Detroit.
  4. ↑ Messing, Brett S.; Sugarman, Steven A. & Cramer, Jim (June 30, 2006). The Forewarned Investor: Don't Get Fooled Again by Corporate Fraud . Pompton Plains, NJ: Career Press, Inc. pp.  111–112. ISBN   978-1564148810. hotel pontchartrain.
  5. ↑ Berke, Richard L. (November 5, 1989). "Helping Constituents or Themselves?". The New York Times . NYtimes.com. Retrieved April 3, 2012.
  6. ↑ "Bass Hotels & Resorts open the Crowne Plaza Detroit Ponchatrain". HospitalityNet. March 30, 2001.
  7. ↑ Gallagher, John (November 3, 2007). "Downtown Detroit's Hotel Market Rapidly Evolving Hotel Market Has Welcomed a New Player". Detroit Free Press . Hotel Online.
  8. ↑ Oosting, Jonathan (August 31, 2009). "Detroit Riverside Hotel goes belly up". mLive . mLive.com. Retrieved December 23, 2012.
  9. ↑ Gallagher, John (August 31, 2009). "Former Pontchartrain is shuttered again". Detroit Free Press. Hotel online. Retrieved April 3, 2012.
  10. ↑ Sachdev, Ameet (February 3, 2010). "Owners of failed bank sue FDIC". Chicago Tribune . Retrieved April 3, 2012.
  11. ↑ "New Owner to renovate former Hotel Pontchartain in Detroit as Crowne Plaza". Grand Rapids Press . mlive.com. Associated Press. April 3, 2012. Retrieved April 3, 2012.
  12. ↑ Aguilar, Louis (April 3, 2012). "Detroit's shuttered Hotel Pontchartrain finds a buyer". The Detroit News . Detroitnews.com. Retrieved April 3, 2012.[ permanent dead link ]
  13. ↑ "Crowne Plaza hotel, the former 'Pontch,' reopens in Detroit" . Crain's Detroit Business . July 19, 2013. Retrieved July 23, 2013.
  14. ↑ "Crowne Plaza Hotel Pontchartrain". Model D Media.

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