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.