{"id":1004065002,"date":"2013-01-24T21:53:26","date_gmt":"2013-01-25T05:53:26","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=97438"},"modified":"2020-05-10T23:38:29","modified_gmt":"2020-05-11T07:38:29","slug":"quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/","title":{"rendered":"Quicken Loans Affiliate to Acquire Greektown Casino-Hotel"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\">After having invested almost $1 billion in<a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/detroit\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/\"> <strong>15 prominent office buildings totaling almost 2.6 million square feet of space<\/strong><\/a><strong> <\/strong>on downtown Woodward Avenue corridor in the last few years, Quicken Loans founder Dan Gilbert is now placing his bets on the Greektown Casino-Hotel located within the area.<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Greektown-Casino-Hotel-Detroit-via-Wiki-author-Greektown.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-97439\" title=\"Greektown Casino Hotel Detroit via Wiki author Greektown\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Greektown-Casino-Hotel-Detroit-via-Wiki-author-Greektown.jpg\" alt=\"\" width=\"199\" height=\"300\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">An official announcement was made last week by Rock Gaming LLC, Dan Gilbert\u2019s gambling company. Rock Gaming\u2019 affiliate Athens Acquisition LLC\u2014an entity formed specifically to serve this deal\u2014plans to acquire a majority interest in Greektown Superholdings Inc., the venue\u2019s owner. If the deal is approved by the Michigan Gaming Control Board (MGCB), Athens Acquisition will gain the majority voting control of the casino, hotel and all related assets.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.crainsdetroit.com\/\" rel=\"nofollow\"><em>Crain\u2019s Detroit Business<\/em><\/a>\u2019 coverage of the deal reveals that Athens Acquisition offered to pay a purchase price of $81 per share for the stock it has not acquired yet, as part of Dan Gilbert\u2019s plan to revitalize downtown Detroit. While the terms of the deal are yet to be revealed, the casino could follow the same \u201cbuy &amp; upgrade\u201d pattern as the other Quicken Loan-owned properties (such as the M@dison Building, the Chase Tower, the First National Building or the Chrysler House, formerly known as the Dime Building). &#8220;Our plans are in the early phases; however, we envision significant investment in the Greektown Casino-Hotel, as well as the enhancement and growth of the existing entertainment district. We see this unique area extending to Campus Martius and along Woodward Avenue building on the positive momentum already occurring in the heart of downtown Detroit,&#8221; said Rock Gaming LLC chairman Dan Gilbert in a press statement.<\/p>\n<p style=\"text-align: justify;\">Opened in November 2000 at 555 East Lafayette, Greektown Casino-Hotel is the smallest of Detroit\u2019s three casino resorts, offering gamblers 2,700 slot and video poker machines, a live poker room featuring 12 smoke-free tables, as well as a 30-story, 400-room hotel designed by Rossetti Architects of Southfield, MI.<\/p>\n<h6 style=\"text-align: justify;\"><em>Image via Wikipedia author Greektown<\/em><\/h6>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After having invested almost $1 billion in 15 prominent office buildings totaling almost 2.6 million square feet of space on downtown Woodward Avenue corridor in the last few years, Quicken Loans founder Dan Gilbert is now placing his bets on the Greektown Casino-Hotel located within the area.<\/p>\n","protected":false},"author":258,"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-1004065002","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 v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Quicken Loans Affiliate to Acquire Greektown Casino-Hotel - 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\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quicken Loans Affiliate to Acquire Greektown Casino-Hotel\" \/>\n<meta property=\"og:description\" content=\"After having invested almost $1 billion in 15 prominent office buildings totaling almost 2.6 million square feet of space on downtown Woodward Avenue corridor in the last few years, Quicken Loans founder Dan Gilbert is now placing his bets on the Greektown Casino-Hotel located within the area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/\" \/>\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=\"2013-01-25T05:53:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T07:38:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Greektown-Casino-Hotel-Detroit-via-Wiki-author-Greektown.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/\",\"name\":\"Quicken Loans Affiliate to Acquire Greektown Casino-Hotel - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Greektown-Casino-Hotel-Detroit-via-Wiki-author-Greektown.jpg\",\"datePublished\":\"2013-01-25T05:53:26+00:00\",\"dateModified\":\"2020-05-11T07:38:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Greektown-Casino-Hotel-Detroit-via-Wiki-author-Greektown.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Greektown-Casino-Hotel-Detroit-via-Wiki-author-Greektown.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Quicken Loans Affiliate to Acquire Greektown Casino-Hotel\"}]},{\"@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\/e8362e8641769829162f16fe58091f62\",\"name\":\"Veronica Grecu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"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 researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.\",\"sameAs\":[\"https:\/\/x.com\/@VeraGrecu\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/veronica\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Quicken Loans Affiliate to Acquire Greektown Casino-Hotel - 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\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/","og_locale":"en_US","og_type":"article","og_title":"Quicken Loans Affiliate to Acquire Greektown Casino-Hotel","og_description":"After having invested almost $1 billion in 15 prominent office buildings totaling almost 2.6 million square feet of space on downtown Woodward Avenue corridor in the last few years, Quicken Loans founder Dan Gilbert is now placing his bets on the Greektown Casino-Hotel located within the area.","og_url":"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-01-25T05:53:26+00:00","article_modified_time":"2020-05-11T07:38:29+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Greektown-Casino-Hotel-Detroit-via-Wiki-author-Greektown.jpg","type":"","width":"","height":""}],"author":"Veronica Grecu","twitter_card":"summary_large_image","twitter_creator":"@VeraGrecu","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/","url":"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/","name":"Quicken Loans Affiliate to Acquire Greektown Casino-Hotel - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Greektown-Casino-Hotel-Detroit-via-Wiki-author-Greektown.jpg","datePublished":"2013-01-25T05:53:26+00:00","dateModified":"2020-05-11T07:38:29+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Greektown-Casino-Hotel-Detroit-via-Wiki-author-Greektown.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/Greektown-Casino-Hotel-Detroit-via-Wiki-author-Greektown.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/quicken-loans-affiliate-to-acquire-greektown-casino-hotel-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Quicken Loans Affiliate to Acquire Greektown Casino-Hotel"}]},{"@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\/e8362e8641769829162f16fe58091f62","name":"Veronica Grecu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","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 researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.","sameAs":["https:\/\/x.com\/@VeraGrecu"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/veronica\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004065002","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\/258"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004065002"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004065002\/revisions"}],"predecessor-version":[{"id":1004433412,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004065002\/revisions\/1004433412"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004065002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004065002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004065002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}