Pokagon Band to make first commercial investment in Elkhart

ELKHART, Ind. (WNDU) - The Pokagon Band of Potawatomi Indians is about to make its first commercial investment in Elkhart.

The tribe’s nongaming investment arm known as Mno-Bmadsen will become a partner in the renovation of the city’s tallest building, the old Hotel Elkhart on Main Street.

“Our portfolio currently is holding investments in manufacturing, in professional services, a little bit in construction, and as we try to diversify that investment strategy, some commercial real estate is an important part of that,” Mno-Bmadsen CFO Julio Martinez said. “Of course, this is the ancestral home of the Pokagon Band of Potawatomi, and Mno-Bmadsen, as its nongaming investment arm, takes a lot of pride in investing in this area.”

The Hotel Elkhart building is being renovated and is expected to open in 2020 as a 93-room boutique hotel with a South Bend Chocolate Café, a taproom and a fully renovated ninth floor Athenian Ballroom with a rooftop deck.