According to a source familiar with the matter, the working vision for the buildings includes converting at least part of one of them into a hotel with a national flag, and making the rest into residential and retail space. The precise scope of the plan — including things like the number of envisioned hotel rooms or apartments, for example — is not known. PMN Partners Holdings does not appear to be registered yet in Michigan, but court documents say it is connected to Paul Stann, a Denver developer who declined comment on Monday. The proposed purchase price is $16.5 million, the documents say, and the buyer has deposited $50,000 toward the purchase price.

According to the filings, Farbman Group, the Southfield-based receiver for the property, marketed it for sale and received 11 potential buyers, with five offers to purchase.

Alfredo Casab, member for Bloomfield Hills-based Dawda, Mann, Mulcahy & Sadler PLC who is representing the Danous, said in an email: "On behalf of my client, I can say that while we are not privy to the buyer's plans, we believe the future development of this property will bring positive things to the city of Detroit."
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