US: An affiliate of Cloudland Capital have acquired The Inn on Ferry Street, a collection of Victorian mansions in Detroit, and appointed Life House as operators.
The 33-key inn is comprised of five buildings, including four restored Victorian homes and one carriage house. It is a member of Historic Hotels of America.
Midtown Detroit Inc, a non-profit which supports the economic development of the area, developed the buildings into a hotel and have managed the property for the past 20 years.
Susan Mosey, director of Midtown Detroit Inc, said: “We are thrilled that both Cloudland Capital and Life House will continue to provide exceptional hospitality at the Inn for the many guests who have stayed with us over the past decades as well as for newcomers visiting the Inn for the first time.”
Bryan Dunn, managing director and head of growth at Life House, added: “We are honoured to be working with Cloudland Capital on the Inn on Ferry Street, which marks Life House’s first property in Detroit. We look forward to continuing our aggressive expansion into urban core markets with a focus on locally-rooted boutique properties like the Inn on Ferry Street.”
Cloudland Capital is a real estate private equity firm focused on acquiring, renovating and operating small-format assets. The company was established in 2021.