Plans for a new 227-room hotel in the Corktown neighborhood of Detroit Michigan are moving forward. The proposed seven-story, $74-million Godfrey Hotel would be built at 1401 Michigan Ave., pending the demolition of a vacant building. The project is a joint venture by Oxford Capital Group and Hunter Pasteur Homes, and received approval Tuesday from the Michigan Strategic Fund to round out its future $5.1-million state- and local-level brownfield tax capture at the site as a development incentive. Once built, it would be the fifth Godfrey Hotel in the country, including locations in Chicago, Boston and Tampa, Florida. The hotel would contain a restaurant, a bar, a ballroom and a rooftop café. Seth Herkowitz, is partner at Hunter Pasteur and member of the hotel’s development team. The new hotel is planned to open late 2022.