It seems the state agrees with developers and a new hotel is needed on the Medical Mile. The Michigan Economic Development Corp. recently gave Third Coast Development Partners a $3 million loan for a new five-story, 149-room hotel it will build.

The hotel will be located in Mid Towne Village, and is one of two projects planned to complete the village.

With the loan supplied by The Michigan Economic Development Corp. will be used to demolish a parking lot that will then become the hotel's site. This works well for the area, as currently there are no hotels within that close of a proximity.