The Book Cadillac Hotel
Brownfield and tax incentives for one of Detroit’s architectural gems.
The iconic Book Cadillac Hotel was built in 1924 as the premier hotel in Detroit. A downtown landmark and one of the most elegant and well known hotels of the Midwest, radio broadcasts of big band music from the its ballrooms were regularly aired while presidents and movie stars were among its guests. As decades went on, and downtown Detroit struggled, the hotel became completely empty by 1984.
The City of Detroit targeted the Book Cadillac to anchor the redevelopment of the downtown Washington Boulevard district. AKT Peerless was selected to support the project team and identify economic development incentives. In total, AKT Peerless secured over $18 million in economic development incentives for the project. Today the Book Cadillac has been fully restored and is once again a Detroit attraction.