ROOSEVELT: Offer to purchase, preserve
It was with much dismay that I read the article about the potential development of the Roosevelt Inn. I speak as someone with over 15 years experience in restoring and renovating historic properties across the upper Midwest and western U.S.
I personally toured this property with the intent to make an offer last year. My primary plan was to refurbish the existing building, keep it as a functioning hotel/B&B, and create a restaurant on the main floor.
Another avenue is creating residential housing, single family or multi-family. Both of these scenarios would keep the existing charm and character, and actually enhance it, with exterior and interior period restoration. I have extensive experience with these two options, and a portfolio to prove that it’s a viable model and investment strategy.
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