An extended stay hotel could replace REO Town's brightly colored welcome sign.  The Ingham County Land Bank board, which owns the vacant property at the corner of South Washington Avenue and Malcolm X Street, approved the sale of the site to Urban Systems LLC.

The developer plans to build a Hilton extended stay hotel, which would include a restaurant.  Site plans include a public green space by the riverfront.

The hotel would have between 120 and 130 rooms, and the project would cost between $10 and $15 million.  The Lansing State Journal has more information.