Investment Group Buys Hotel St. Regis In New Center

A local investment group has purchased majority ownership of 125-room Hotel St. Regis and plans millions in renovations to the New Center area landmark that has struggled in recent years.

The new owners, Detroit-based Invictus Equity Group, is betting that its $6 million capital infusion and the hotel’s proximity to Henry Ford Health System, the under-construction new Detroit Pistons practice facility to the south and other institutions will pay off as the area around West Grand Boulevard continues to catch the eye of real estate investors.

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Posted Under: CBOR News