New Investors Join Elkhart Hotel Project
(rendering courtesy of Cressy Commercial Real Estate)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowCressy Commercial Real Estate has announced a joint venture with MnoBmadsen, the non-gaming investment arm of the Pokagon Band of the Potawatomi Indians, to invest in the new Hotel Elkhart. The partnership will result in the largest privately led redevelopment project in Elkhart in over 40 years.
The investment in the Hotel Elkhart project is Mno-Bmadsen’s first commercial investment in Elkhart County.
“We are very excited for this catalytic project and the impact it will have on downtown Elkhart….the values of the Pokagon Band align with those of our company and we are excited to have a partner that believes in using their success to make our community a better place to live, work and play.” Chris Fielding chief executive officer for Cressy Commercial Real Estate said in a news release.
This redevelopment project includes public and private partnerships, including the City of Elkhart, State of Indiana, Centier Bank, The South Bend Chocolate Company, Regional Cities Initiative, Department of Natural Resources, Mno-Bmadsen and Cressy Commercial Real Estate.
Hotel Elkhart will offer 93 full-service boutique guest rooms, a South Bend Chocolate Café, a taproom/bar, breakout meeting space and a rooftop deck. It is currently slated to open in spring of 2020.