Hopeful Sign for Detroit Revivial

The hotel business is picking up in Detroit, and that is good news.  Three new convention hotels recently opened, the old Ponch is re-opening, and a couple more projects are in the works.

This is good news for a city that needs good news.  These companies are investing in hotels here because they think the market will grow and they can make money, not because of some largess.  Wanting Detroit to do better is not the same as thinking it will, and people can vote with their wallets in this case.

Occupancy rates have jumped from 49% to 61%, which is the difference between failing and profitable.

The Freep has more.