The Downtown Hospitality Detroit partnership has purchased the historic Royal Palm/Park Avenue Hotel at 2305 Park Ave. (at Montcalm Street). in downtown Detroit for an undisclosed price.
Owned by Mario Kiezi and Mike Abdulnoor, Downtown Hospitality Partnership plans to fully restore the 13-story hotel, two first-floor restaurants, and a roof top bar venue. Completion is targeted for late 2020. A hotel brand will be announced at a later date.
Famed architect Louis Kamper designed the Italian Renaissance Park Avenue House in 1924. Prior to the sale, the building offered 160 apartments, along with the Town Pump Tavern on the first floor. The tavern has since been moved across Montcalm Street to the Iodent Building, replacing what was a nightclub called Centaur.
The previous owners, Mr. and Mrs. Wilbur Harrington, have operated the hotel since 1967. Wilbur Harrington has since passed away. Al Iafrate, senior vice president of Troy-based L. Mason Capitani CORFAC International, represented both the seller and the buyers in the transaction. Although the final price of the hotel has not been disclosed, the original asking price for the property was $15 million.