Pair of Mpls. hotels get new owners

Hyatt Hotels Corp. is buying the 216-room Comfort Suites hotel in downtown Minneapolis and plans to give it a $20 million face-lift, Business Journal reports. Meanwhile, The Hotel Minneapolis has also changed ownership.
Author:
Updated:
Original:

Hyatt Hotels Corp. is buying the 216-room Comfort Suites hotel in downtown Minneapolis and plans to give it a $20 million face-lift, Business Journal reports. Terms of the deal were not released. Once the renovation is complete next summer, Summit Hotel Properties Inc. plans to buy and operate the rebranded Hyatt Place.

Meanwhile, The Hotel Minneapolis has also changed ownership. The Business Journal reports Chesapeake Lodging Trust bought the 222-room Marriott Autograph Collection hotel for $46 million dollar. Connecticut-based HEI Hotels and Resorts will continue to manage the property.

Next Up

Related

News

Average parking rate in downtown Minneapolis jumps 8 percent

A new parking survey from Colliers International shows the average rate in downtown Minneapolis is $13 per day, the Business Journal reports. That's up about 8 percent from last year, but the rate is still more than four dollars below the national average of $17.19.

News

Red Lake Band to build major casino, hotel complex

The Red Lake Band of Chippewa Indians will officially break ground on a new Seven Clans Casino Hotel and Restaurant in Warroad on Oct. 25. The Bemidji Pioneer reports pre-construction on the 165-acre site is already underway and full construction is expected to begin in March. The new complex will include 600 slot machines, a 100-seat restaurant and a 60-room hotel.