Michigan’s second largest hotel, once one of Southeast Michigan’s top conference sites, is expected to go back up for sale soon.
The Edward Hotel and Convention Center — better known as the former Hyatt Regency-Dearborn — has sat idle for the past couple of years after being closed by the city for safety violations and frozen by the courts as a legal case against its owner continued.
The hotel and two other properties owned by Xiao Hua “Edward” Gong in Chicago were frozen by the U.S. District Court for the District of Columbia in October 2018, at the request of the Ontario Superior Court of Justice.
Gong, who lives in Toronto, is facing charges in Canada, including fraud and money laundering, in connection with the sale of worthless stock certificates from 2012 to 2017. He has denied the charges.
But a recent agreement between Gong and the Canadian authorities could mean a new owner…