Quote Originally Posted by kraig View Post
By the way. The Book Cadillac is in trouble, serious trouble. Sadly, Ferchill is on the path of becoming to the Detroit hotel scene what Frank Turner has been to the restaurant scene.
I read the newspaper reports that Ferchill's lost his Hilton Garden Inn to foreclose and the lender was suing him. And there is the report that Detroit has one of the poorest hotel markets in the country:
  • An AMAZING 49% of the hotels are delinquent in their loan payments
  • Occupancy is at 55% - where 70% is required for breakeven operations
http://detnews.com/article/20101006/...%80%99s-hotels

Do you have anything more definitive than he is in "trouble" ?