From Luxury To Disrepair: Dearborn Hyatt Regency Heads To Auction

The iconic Dearborn Hyatt Regency, once a symbol of luxury and grandeur, is now facing an uncertain future. Originally slated for a transformation into high-end apartments, the 18-story former hotel at 600 Town Center Drive is now facing a sad unfortunate future.

It was a tourist attraction in itself. Once a shining landmark in Dearborn, Michigan, the Hyatt Regency Hotel was spectacular elegance complete with a monorail connecting the hotel to the adjacent Fairlane Town Center shopping mall. And then it fell apart.

When it opened in 1976, the majestic hotel known for its glass walls was the second largest in the state next to the Renaissance Center in Detroit. The hotel was closed by the city of Dearborn in December 2018 due to safety violations.

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In 2021 there were reports of a new spark of life coming to the iconic building in the form of the 773-room hotel being redeveloped into a mix of 375 market-rate apartments and possibly a small hotel by the new owners. Sadly, that never came true, and now it looks like the fate of the property will land on the auction block.

According to new outlets, the property has fallen into foreclosure and is set to be auctioned off. Listed on the commercial real estate auction platform Ten-X, the property is up for grabs with a starting bid of just $2.5 million, which is a stark contrast to the $11.49 million unpaid balance on the existing loan.

The online auction will run from October 7 through the 9 with a starting bid of $2.5 million. Ten-X notes that the property presents an "Excellent redevelopment opportunity or conversion to multi-family or student housing."

The auction presents a unique opportunity for investors or developers to revitalize a key piece of Dearborn’s history. Will it find new owners ready to restore its former glory, or will it remain a relic of the past? The future of the Dearborn Hyatt Regency hangs in the balance as the countdown to the auction begins. Stay tuned.

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