Gorman & Company Inc. is planning to spend $67 million to turn Rockford's Amerock/Ziock building into an Embassy Suites hotel.
In English, her name is Cindy. And she had done her homework.
Before the meeting last month with developer Gary Gorman and Rockford Mayor Larry Morrissey, Cindy flew from China to the Midwest. She saw the historic hotel that Gorman & Company Inc. built in Milwaukee at the former Pabst Brewing Co. brewhouse. She visited Rockford's Amerock/Ziock building, where Gorman is planning to spend $67 million to turn the dilapidated downtown factory into an Embassy Suites hotel.
"After the presentation Larry and I made in Shanghai, she came up to us and said, "I'm in," said Gorman, CEO of Gorman & Company.
Cindy is the first of what Gorman hopes are 50 Chinese investors who each will pony up $500,000 for the hotel project in exchange for a visa to live in the U.S.
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