Oxford Capital Group Acquires The Westin Book Cadillac Detroit

Oxford Capital Group, LLC and Oxford Hotels & Resorts, LLC  | December 20, 2021

CHICAGO, IL – December 20, 2021 — Continuing its national opportunistic investment activities, Oxford Capital Group, LLC today announced the acquisition and planned full scale interior renovation of the iconic 453-room Westin Book Cadillac Detroit Hotel, located at 1114 Washington Boulevard in the Washington Boulevard Historic District of downtown Detroit. Oxford, along with its partner Taconic Capital Advisors, led complex negotiations with multiple constituents, ultimately resulting in the modification, restructuring, and assumption of the commercial mortgage-backed security loan. As part of its investment commitment, Oxford and Tacon...