Mno-Bmadsen, the non-gaming investment arm of the Pokagon Band, recently announced a joint venture with Cressy Commercial Real Estate to revitalize the former Hotel Elkhart in downtown Elkhart. This is the largest privately led redevelopment project in Elkhart in over 40 years and will fill a critical economic need within the community.
The investment in the Hotel Elkhart project is Mno-Bmadsen’s first commercial investment in Elkhart County. “This investment grows a very important partnership with Cressy and expands our commercial real estate portfolio further diversifying our investment holding,” said Julio Martínez, chief financial officer for Mno-Bmadsen.
This redevelopment project is a collaboration of public and private partnerships, including the City of Elkhart, State of Indiana, Centier Bank, The South Bend Chocolate Company, Regional Cities Initiative, Department of Natural Resources, Mno-Bmadsen, and Cressy Commercial Real Estate.
“The Elkhart area is an important part of the historically ancestral lands of the tribe, and the city’s commitment to renovate its downtown area makes this an excellent investment opportunity,” said Martínez.
Upon completion in the Spring of 2020, Hotel Elkhart will offer 93 full-service boutique guest rooms, a South Bend Chocolate Café, a taproom/bar, breakout meeting space, along with a fully-renovated ninth floor Athenian Ballroom offering outstanding views from an expansive rooftop deck.