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DETROIT-The Westin Book Cadillac Hotel is finally about to open for business, and residents in the adjoining condos are closing their deals, albeit with help from the city of Detroit. The property’s 435 hotel rooms will be available starting today, five days later than the original opening date of Oct. 1, after developer John Ferchill says he postponed the event to finish off some construction items. The historic building that once hosted Hollywood’s stars and various Presidents, vacant since 1984, has undergone a $180 million renovation in a project that has to many signified the struggling Motor City’s attempt at rebirth.

Ferchill, chairman and CEO of the Cleveland-based Ferchill Group, tells GlobeSt.com that he alone made the decision to postpone the opening until this week. “The hotel is so spectacular, I don’t want anyone to see it unless it’s perfect. We just needed a little more cleaning, a couple of pieces fixed up here, that kind of thing.”

The 33-story hotel will feature 39,000 square feet of flexible meeting and event space, including three magnificent ballrooms, three executive boardrooms, four dining establishments and the latest technology, according to Westin officials. The hotel’s Web site wasn’t accepting reservations for any nights as of Oct. 5.

Ferchill says he has contracts for 53 of the 67 condominium units that are included in the building. However, he says in now in the process of closing the deals, and he says the city is helping some buyers who encountered economic troubles. “The economy is hitting us a little bit, some of the buyers’ loans have changed, in terms of requirements by lenders, and certainly none for the better. The city of Detroit is helping the buyers, they are making some low interest loans. If the down payment requirement was X, and now it’s plus-X, they’re helping out with the plus-X.” He says he expects 90% of his buyers to complete their closings. The average price had been billed as about $500,000 per unit.

Also opening late is the Roast, a new restaurant that is designed by the Food Network’s Michael Symon, who stars on the “Dinner: Impossible” series. The restaurant will have a test run on Oct. 15-16, and will open Oct. 17, Ferchill says. Other eateries at the building will include the Boulevard Room, which will serve breakfast and lunch, and WBC Gourmet Grab & Go. The Motor Bar, a staple from when the former hotel was in its heyday in the early 1900s, will adjoin the second-floor hotel lobby.The renovation project has been an icon for a city that has many run-down, but formerly magnificent, buildings, with many of the city’s leaders and developers watching to see if the project could be completed in the region’s horrible economy. Worse yet, one of the biggest cheerleaders for the project, disgraced former Mayor Kwame Kilpatrick, had to leave office recently as he readies for a short prison term. Ferchill says he was very sad to see Kilpatrick go. “Without him, this deal never would have gotten done,” Ferchill says. “I’ve watched the new mayor in two or three situations…the bad news is he has to run again in an election to get in, the good news is he has to show he’s making progress. He’s been very helpful to me so far.”

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