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Bedrock Acquires Hotel on Detroit’s East Riverfront
Bedrock has closed on its acquisition of the Roberts Riverwalk Hotel located at 1000 River Pl. in Detroit’s East Riverfront neighborhood. Financial details were not disclosed.
Located approximately 1.2 miles from Detroit’s CBD, the 1000 River Pl. acquisition provides more than 290 square feet of frontage along the Detroit River. The total footprint incorporates 5,500 square feet of banquet and event space, 108 hotel rooms and 126 parking spaces.
“Bedrock’s acquisition of the Roberts Riverwalk Hotel further emphasizes our investment in the redevelopment of Detroit’s East Riverfront,” said Cathy Clark, CIO at Bedrock. “Strategically located along our evolving riverfront footprint, this historic hotel provides increased access to parking and public amenities, all strategically located directly along Detroit’s International Riverwalk.”
- ◦Sale/Acquisition
