{"id":1004051541,"date":"2012-04-06T07:29:37","date_gmt":"2012-04-06T15:29:37","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=42639"},"modified":"2022-12-07T09:48:32","modified_gmt":"2022-12-07T17:48:32","slug":"foreclosed-hotel-pontchartrain-has-new-owner","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/","title":{"rendered":"Foreclosed Hotel Pontchartrain Has New Owner"},"content":{"rendered":"<p style=\"text-align: justify\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/04\/RiversideHotel.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-42640\" title=\"RiversideHotel\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/04\/RiversideHotel.jpg\" alt=\"\" width=\"225\" height=\"300\" \/><\/a><\/p>\n<p style=\"text-align: justify\">By Veronica Grecu, Associate Editor<\/p>\n<p style=\"text-align: justify\">Gabriel Ruiz, a Mexico-based developer and hotel investor, has purchased the Pontchartrain Hotel located at 2 Washington Blvd., across the street from Cobo Center and 150 West Jefferson. Though the sale price is still unknown, an attorney involved in the deal told <em>The Detroit News<\/em> that the new owner plans to renovate the 25-story luxury building as a new Crowne Plaza hotel.<\/p>\n<p style=\"text-align: justify\">The black-glass and steel structure was designed in 1965 by architecture firm King &amp; Lewis on the former Fort Pontchartrain site (later known as Fort Detroit), the first permanent European settlement established in Detroit, built in 1701. After changing names and owners several times, in recent years it operated as the Crowne Plaza Detroit Pontchartrain. Boca Raton, Fla.-based Shubh Hotels LLC purchased the hotel in 2006 and started a $35 million renovation and upgrading process which included a new health and fitness complex featuring a new indoor pool. The hotel reopened as the 367-room Sheraton Detroit Riverside but, in less than one year, due to poor management, the Sheraton branding was removed and the facility got a new name\u2014the Detroit Riverside Hotel\u2014only to be shuttered and foreclosed on in July 2009. It was then purchased by Texas-based United Central Bank.<\/p>\n<p style=\"text-align: justify\">According to <em>The Detroit News, <\/em>the planned Crowne Plaza would be the second luxury hotel currently planned for Downtown Detroit and it could revitalize the area\u2019s hotel industry with its projected 413 guest rooms. The property would be managed by Crown Plaza Hotels &amp; Resorts via its Holiday Inn reservation system.<\/p>\n<p style=\"text-align: justify\"><em>Photo: Wikimedia, author\u00a0Benlmoyer<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Veronica Grecu, Associate Editor<br \/>\nGabriel Ruiz, a Mexico-based developer and hotel investor, has purchased the Pontchartrain Hotel located at 2 Washington Blvd., across the street from Cobo Center and 150 West Jefferson. Though the sale price is still unknown, an [&#8230;]<\/p>\n","protected":false},"author":757,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1495,21742],"tags":[],"class_list":["post-1004051541","post","type-post","status-publish","format-standard","hentry","category-detroit","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Foreclosed Hotel Pontchartrain Has New Owner - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreclosed Hotel Pontchartrain Has New Owner\" \/>\n<meta property=\"og:description\" content=\"By Veronica Grecu, Associate Editor Gabriel Ruiz, a Mexico-based developer and hotel investor, has purchased the Pontchartrain Hotel located at 2 Washington Blvd., across the street from Cobo Center and 150 West Jefferson. Though the sale price is still unknown, an [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-04-06T15:29:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T17:48:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/04\/RiversideHotel.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/foreclosed-hotel-pontchartrain-has-new-owner\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/foreclosed-hotel-pontchartrain-has-new-owner\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/159949bd3f979917cc7bf081d749b862\"},\"headline\":\"Foreclosed Hotel Pontchartrain Has New Owner\",\"datePublished\":\"2012-04-06T15:29:37+00:00\",\"dateModified\":\"2022-12-07T17:48:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/foreclosed-hotel-pontchartrain-has-new-owner\\\/\"},\"wordCount\":264,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/foreclosed-hotel-pontchartrain-has-new-owner\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/04\\\/RiversideHotel.jpg\",\"articleSection\":[\"Detroit\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/foreclosed-hotel-pontchartrain-has-new-owner\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/foreclosed-hotel-pontchartrain-has-new-owner\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/foreclosed-hotel-pontchartrain-has-new-owner\\\/\",\"name\":\"Foreclosed Hotel Pontchartrain Has New Owner - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/foreclosed-hotel-pontchartrain-has-new-owner\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/foreclosed-hotel-pontchartrain-has-new-owner\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/04\\\/RiversideHotel.jpg\",\"datePublished\":\"2012-04-06T15:29:37+00:00\",\"dateModified\":\"2022-12-07T17:48:32+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/159949bd3f979917cc7bf081d749b862\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/foreclosed-hotel-pontchartrain-has-new-owner\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/foreclosed-hotel-pontchartrain-has-new-owner\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/foreclosed-hotel-pontchartrain-has-new-owner\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/04\\\/RiversideHotel.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/04\\\/RiversideHotel.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/foreclosed-hotel-pontchartrain-has-new-owner\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Foreclosed Hotel Pontchartrain Has New Owner\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/159949bd3f979917cc7bf081d749b862\",\"name\":\"Veronica Grecu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/04\\\/Veronica_Grecu.jpg?w=93\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/04\\\/Veronica_Grecu.jpg?w=93\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/04\\\/Veronica_Grecu.jpg?w=93\",\"caption\":\"Veronica Grecu\"},\"description\":\"Veronica Grecu is a senior creative writer and research analyst for RentCafe. With more than 14 years of experience in the real estate industry, she covers a variety of topics in the apartment market, including rental competitiveness, new construction and other industry trends. Her work has been featured in top publications like The New York Times, The Washington Post, The Wall Street Journal, The Philadelphia Inquirer, The Miami Herald, CNN, CNBC, and more. Prior to RentCafe, Veronica was involved in producing real estate content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. She holds a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/veronicagrecu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Foreclosed Hotel Pontchartrain Has New Owner - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/","og_locale":"en_US","og_type":"article","og_title":"Foreclosed Hotel Pontchartrain Has New Owner","og_description":"By Veronica Grecu, Associate Editor Gabriel Ruiz, a Mexico-based developer and hotel investor, has purchased the Pontchartrain Hotel located at 2 Washington Blvd., across the street from Cobo Center and 150 West Jefferson. Though the sale price is still unknown, an [...]","og_url":"https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-04-06T15:29:37+00:00","article_modified_time":"2022-12-07T17:48:32+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/04\/RiversideHotel.jpg","type":"","width":"","height":""}],"author":"Veronica Grecu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/"},"author":{"name":"Veronica Grecu","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/159949bd3f979917cc7bf081d749b862"},"headline":"Foreclosed Hotel Pontchartrain Has New Owner","datePublished":"2012-04-06T15:29:37+00:00","dateModified":"2022-12-07T17:48:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/"},"wordCount":264,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/04\/RiversideHotel.jpg","articleSection":["Detroit","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/","url":"https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/","name":"Foreclosed Hotel Pontchartrain Has New Owner - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/04\/RiversideHotel.jpg","datePublished":"2012-04-06T15:29:37+00:00","dateModified":"2022-12-07T17:48:32+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/159949bd3f979917cc7bf081d749b862"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/04\/RiversideHotel.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/04\/RiversideHotel.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/foreclosed-hotel-pontchartrain-has-new-owner\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Foreclosed Hotel Pontchartrain Has New Owner"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/159949bd3f979917cc7bf081d749b862","name":"Veronica Grecu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","caption":"Veronica Grecu"},"description":"Veronica Grecu is a senior creative writer and research analyst for RentCafe. With more than 14 years of experience in the real estate industry, she covers a variety of topics in the apartment market, including rental competitiveness, new construction and other industry trends. Her work has been featured in top publications like The New York Times, The Washington Post, The Wall Street Journal, The Philadelphia Inquirer, The Miami Herald, CNN, CNBC, and more. Prior to RentCafe, Veronica was involved in producing real estate content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. She holds a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.","url":"https:\/\/www.commercialsearch.com\/news\/author\/veronicagrecu\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004051541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/757"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004051541"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004051541\/revisions"}],"predecessor-version":[{"id":1004620287,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004051541\/revisions\/1004620287"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004051541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004051541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004051541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}