09/09/2026
Well, well, well...Detroit Crain's Business reports that the Hotel Yorba has a new owner!
The new owner is Kahlil Assad, owner of Detroit-based The Air King HVAC company - and he bought the Yorba for $1.8 million.
Kahil has already met with Hubbard Farms residents at the Yorba for a community BBQ in August to hear feedback and is considering what next steps make sense for the building and any renovations.
Could be a combination of hotel space, plus affordable and potentially a smattering of market-rate housing.
The Yorba was built in 1926, was listed for $for sale at 2.5 million and cost less than $200,000 to build, ($3.77 million in today’s dollars).
Exciting to see something potentially positive happening with the Yorba!