- Associated Press - Sunday, January 31, 2016

DETROIT (AP) - A new hotel would be part of a planned development around the new Red Wings hockey arena just north of downtown Detroit, according to updated project details released by Olympia Entertainment.

The hotel could have as many as 400 rooms, the Detroit Free Press and Detroit News reported Sunday.

Seven developers have indicated an interest in building the hotel and at least 10 others are expected to bid on housing developments near the arena, according to the Free Press.

Olympia Development is expected to select hotel and real estate partners soon. The developer is one of a number of companies owned by Red Wings’ owners Mike and Marian Ilitch. The couple also founded Little Caesars Pizza in the Detroit area in 1959.

“Our ongoing conversations with retailers, prospective office tenants and residential developers have been extremely positive,” Olympia Development Vice President Steve Marquardt told the Free Press. “The District Detroit is coming to life and bringing opportunity and investment to our city.”

The projects are expected to be part of the 45-block entertainment district anchored by the 20,000-seat arena. The $627 million arena is under construction and expected to open in September 2017.

Estimated spending on the entire project could top $1 billion in public and private money, the Free Press reported.

Cost for adjacent office, retail and restaurant space is expected to be around $196 million, while the hotel, Little Caesars headquarters and public infrastructure will be around $400 million.

The Red Wings currently play at Joe Louis Arena, which opened in 1979.

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