Hotel rooms

Real estate insider: Does Detroit have enough hotel rooms to host the 2024 NFL Draft?

Planners and developers have long said downtown Detroit is suffering from a shortage of hotel rooms that has restricted the city’s ability to attract major NFL, NBA, MLB and MLB events. of the NHL and others in recent years.

Until yesterday, apparently.

But even if the city hosts the 2024 National Football League Draft, it won’t have seriously dented what those planners and developers have called a lack of room to accommodate such deals.

That’s not to say the NFL Draft will be the Fyre Fest of the Midwest.

There are some 4,500 or 5,000 rooms downtown not to mention more than 40,000 or 45,000 in the surrounding suburbs, said Claude Molinari, president and CEO of Visit Detroit, when asked. how the city had been able to assert its rights with the NFL regardless of the hotel. situation. Let’s also not forget Airbnbs and other accommodations

Those more than 40,000 suburban hotels could accommodate the tens of thousands of more budget-conscious fans, Molinari said. Additionally, Detroit’s busy and well-regarded Metropolitan Airport, as well as the city’s proximity to Canada, home to a large number of NFL fans, were some of the main reasons why the league n did not miss the city despite the city center. Hotel location.

That, coupled with Campus Martius Park and Hart Plaza being paired as prep areas a few blocks away, made a compelling case, Molinari said.
That’s great, and the city will be crazy in two years when the draft is in town.

But still, there are only a handful of hotels under construction or about to be that have a chance of being completed by the time the project – and its potentially tens of thousands of attendants – arrives. in the city. These include the Godfrey Hotel in Corktown, the Cambria Hotel, the AC by Marriott (which has not yet started construction) and the Temple Hotel in the former Standard Accident Insurance Co. building, which has halted construction in 2020 and has not yet resumed, although major work has taken place.

While that’s several hundred rooms, it’s still not as many as planners would like, even though properties like Hotel Shinola, Hotel Siren and Hotel Element, all in the center- city, have opened in recent years.

“It’s added 500 hotel rooms which are on the better side of things, and the casinos have all gone through renovations and are good products, so that’s another 1,200 rooms right there,” said Brandon Leversee, vice-president. Chairman of Royal Oak for Hospitality. HVS research company.

This shortage and a trickle of supply, compared to what is desired, has not prevented discussions from taking place on adding others as recently as Monday, said Molinari, who is also appointed by the Governor Gretchen Whitmer at the Detroit Regional Convention Facility Authority which oversees what is now Huntington Place.

Molinari told me on Monday, after it was announced that Detroit would host the three-day 2024 NFL Draft, that the convention center authority had recent discussions with Detroit-based developer Sterling Group about of his vision for the former Joe Louis Arena site next to Huntington Place, the former Cobo Center/TCF Center.