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CooperWynn closes financing for acquisition, conversion of Detroit hotel
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CooperWynn closes financing for acquisition, conversion of Detroit hotel
CooperWynn Capital has closed joint-venture equity financing for the acquisition and conversion of the 203-key DoubleTree Suites Detroit Downtown Fort Shelby on behalf of 6PM Hospitality Partners LLC. The historic property will be repositioned and rebranded as an Embassy Suites by Hilton upon completion of a comprehensive renovation expected to be substantially completed this year. The transaction was capitalized through a multi-tranche structur…
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