Skyward Suites LLC Recently Purchased the Madrid Hotel, Royal Oak, MI

The Madrid Hotel in Downtown Royal Oak was recently purchased by the newly formed investment company Skyward Suites LLC. The partners plan to revamp the historic hotel into a high-end boutique hotel.

Royal Oak, MI, April 24, 2013 --( The historic Madrid Hotel was recently purchased by Skyward Suites LLC who is working in conjunction with the long standing downtown Royal Oak company Skyward Real Estate.

Skyward Suites has proposed a plan to re-vamp and open the Madrid building as upscale boutique hotel. The plan is to restore the current structure as well as remodel and design the rooms to embody the refined yet creative motif, which Royal Oak has become inseparable from. Working in conjunction with the Royal Oak DDA (downtown development authority) Skyward Suites hopes to be rewarded a Grant to improve the exterior façade of the building. Skyward Suites managing partner, Dan Dubensky, talks about the impact of these improvements on downtown, “For years Royal Oak has been in need of downtown hotel. Our vision is to take the lead of the finest boutique hotels in New York, Miami and Chicago and make that style and functionality relate to Royal Oak. We aren’t competing with those developers who are also attempting to build hotels because this hotel will be completely unique and quite honestly, won’t be able to compete with a larger franchise style hotel simply based on the limited space.”

Skyward Suites plan begins with re-vamping the façade with help from DDA Grants. Phase two which is projected to begin in summer of 2014 will be the lobby build-out and room renovation. Skyward Suites plans to keep the Madrid Hotel name and hopes to be open for a business by the Holiday Season of 2014.
Skyward Real Estate
Kortney Glassford
Scott Wright 248-506-6177