TZL 1595 (web)

BUSINESS NEWS STANTEC-DESIGNED AC DETROIT AT THE BONSTELLE NOW OPEN TO GUESTS The new AC Hotel Detroit at the Bonstelle has opened its doors to guests, marking a new chapter for the neighborhoods of Midtown Detroit. Stantec, a global leader in sustainable design and engineering, provided building design and Architect of Record services and Patrick Thompson Design led the interior design of public areas and hotel rooms. The new design incorporates the restoration of the historic Bonstelle Playhouse – restored to its original 1903 Albert Kahn-designed exterior and its 1925 interior redesign by architect C. Howard Crane. The Bonstelle will be used for live performances, civic, corporate, and private events; it is connected to the hotel

via a glass-enclosed lobby bar called the Conservatory. Reaching 11 stories, the hotel includes 154 guest rooms, a fitness room, and meeting rooms. Additional dining can be found on the rooftop bar. The sleek and modern lobby is surrounded by repurposed brick. Various arched openings designed with rich walnut casings lead to the lounge where the seating area is surrounded by texture and color. “The design of the AC Detroit is a beautiful mix of new construction and historic preservation,” said Stantec’s Michael Decoster, AIA. “We are excited to see it bring new life to the city of Detroit and become a significant space for community and celebration.”

WILL SWEARINGEN , from page 1

this nuanced yet straightforward calculation doesn’t get the appropriate amount of attention until it’s too late in the process. Initial studies need to be consistent with the rhythm of the business and reflect the true working capital needs of the business at the time of the transaction. Evaluating on and off balance sheet items that relate to the true net working capital requirements of the business gives owners better data as they look to manage cash and position specific business activities going into a transaction. Another area that is perhaps not given as much attention as the valuation of the company is the sales, marketing, and business development engine that the company needs to have running full throttle going into a sale. Backlog, pipeline, and potential opportunities in a particular market truly determine the success of the transaction. Buyers are purchasing the forward-looking success of the business. They really don’t care how successful you were 15 years ago. No offense! It’s just the truth. There’s a lot that goes into transition planning. Prepping to take your business out to market should not be a hasty decision, but one that leadership and ownership are focused on executing at a high level. Spending the extra time and resources to get it right will pay off significantly in the long run. Adjustments and all the machinations of EBITDA addbacks and cleaning up your P&L is the easiest part. I can tell you, your return on the investment will come back in multiples of the investment, not pennies on the dollar. So don’t shy away from making the leap if an external path is on the table for your firm. Zweig Group’s Mergers & Acquisitions team specializes in helping AEC firm owners navigate the complexities of sell-side transactions with clarity and confidence. From preparing your business for market to identifying the right buyers and negotiating the best terms, we manage the process from start to finish. Our proven approach combines deep industry expertise, strategic positioning, and a relentless focus on maximizing value for our clients. Partner with Zweig Group to ensure your firm’s next chapter is as successful as its legacy. Reach out to our M&A team today to start a confidential conversation. Will Swearingen is senior director of Transition consulting at Zweig Group. Contact him at wswearingen@zweiggroup.com.

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THE ZWEIG LETTER JULY 28, 2025, ISSUE 1595

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