DETROIT
04/03/2012 08:59 am ET

Detroit's Shuttered Hotel Pontchartrain Finds A Buyer

By Louis Aguilar, Detroit News

The 25-story Detroit hotel that once was an upscale landmark has a new owner who plans to renovate it as a Crowne Plaza hotel, an attorney who brokered the deal said Monday.

The sale of the former Hotel Pontchartrain across from Cobo Center closed last week, said David Findling, the court-appointed receiver who has controlled the downtown property since 2009 after the building went into foreclosure. He wouldn't disclose the sale price or the buyer.

Flickr photo by gab482.

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