By ZEINAB NAJM
DEARBORN — The Royal Dearborn Hotel & Convention Center, now the Edward Village Michigan now has a new owner.
The hotel, originally the Hyatt Regency-Dearborn at 600 Town Center Drive, has its latest owner making it the third since 2011.
An offshore group purchased the hotel from the previous owners, Israel-based Royal Realties LLC, for an unreleased amount.
Royal Realties purchased the hotel in 2011 for $15.5 million.
The hotel was placed on the market last June by New York-based Savills Studley’s U.S. Capital Markets – Hotel Group for between $30 million and $40 million.
With the new owner came the new name, Edward Village Michigan, the fourth name since 2012 when the hotel was the Hyatt. After the Hyatt came the Adoba Hotel Dearborn/Detroit, Regency Dearborn Hotel & Convention Center then Royal Dearborn Hotel & Convention Center.
Built in 1976 the Edward Village Michigan is the state’s second-largest hotel with 772 rooms, more than 200 staff and 63,000 square feet of banquet space with multiple uses.
(Zeinab Najm can be reached at email@example.com.)