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AC Hotel Detroit is now open in the Bonstelle neighborhood of Detroit. The 154-room, 10-story hotel, jointly developed by Peachtree Group and Roxbury Group, is the first AC Hotel in southeast Michigan and the third in the state. The AC Hotel Detroit at the Bonstelle will be Roxbury's third hospitality project in Detroit, Roxbury said in a statement. The hotel is near Little Caesars Arena, Orchestra Hall, Wayne State University's Mike Ilitch School of Business and the Detroit Medical Center. It will feature a rooftop venue and restore the historic Bonstelle Playhouse, located on Woodward Avenue, to its original 1903 Albert Kahn-designed exterior and 1925 interior redesign by theater architect C. Howard Crane, both slated to open this spring. Stonehill, a Peachtree Group company, funded the project along with Flagstar Bank, Bank of Ann Arbor and Invest Detroit, the statement said.

U.S. HOTEL CONSTRUCTION declined for the seventh consecutive month in June, according to STR. Rooms in construction in New York City and Nashville represent a significant percentage of existing supply in those markets. Though at a slower pace, planning activity increases across the U.S. and developers are showing interest in Miami, Nashville and Phoenix, the report said. According to STR, there are 146,198 rooms under construction in the U.S. in June, down 20.1 percent when compared to same period last year. As many as 178,809 rooms are at final planning during the month, decreased 11.3 percent from last year and 281,190 rooms are at planning phase, an increase of 6.1 percent from June 2021. "The U.S. hotel pipeline continues to decelerate as we enter the second half of the year," said Carter Wilson, senior vice president of consulting, STR. "The continued increases in debt costs combined with the ongoing supply chain disruptions will likely delay projects from breaking ground this year, which will lead to a further decline in rooms in construction. On a national basis, new supply will not be a significant headwind for the future." New York leads the major markets in rooms in construction at 13,568 rooms in June, up 10.8 percent compared to last year, followed by Nashville with 3,939 rooms, up 7 percent, Phoenix with 4,388 rooms, an increase of 6.3 percent over last year, Atlanta with 5,991 rooms, up 5.5 percent and Detroit with 2,382 rooms, an increase of 5.1 percent over June 2021.