U.S. Department of Agriculture Rural Development Michigan State Director Dom Restuccia today hosted an economic development roundtable and announced a $15 million investment to keep the Bay City Doubletree Hotel in operation and financially viable.
“We’re excited to welcome HUD Assistant Secretary for Community Planning and Development, Ronnie Kurtz, to Genesee County to discuss issues on affordable housing facing Michigan residents. Ensuring access to affordable housing, protecting jobs, and improving Michigan’s rural economy is a top priority of the Trump-Vance Administration,” said Restuccia. “We’re also excited to announce this loan to facilitate new ownership of the Bay City Doubletree Hotel. This keeps an important local business in operation and has set it on a firm financial foundation for the future.”
USDA provided Bay City Hospitality Group LLC with a $15,360,000 loan through the Business and Industry Guaranteed Loan Program. The funds will be used to purchase Bay City Doubletree Hotel, a six-story, 150-room hotel with banquet facilities and which provides 127 jobs. The property went into foreclosure and USDA Rural Development funds helped secure its purchase, along with $3,865,240 provided by the recipient. The City of Bay City benefits considerably from revenue the hotel pays in utility service, property tax and operating millages and in 2024 it was estimated that the hotel’s guests contributed $15 million to the region’s economy.
For more information on USDA Rural Development investments in rural America, visit the Rural Data Gateway. The Rural Data Gateway is an online tool that strengthens USDA Rural Development partnerships with rural people, entrepreneurs, government officials and Congress by making agency investment data accessible to the public. Learn more about the agency at www.rd.usda.gov/mi.