Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Chicago & Midwest  + Midwest  + Hospitality  |  February 14, 2024
Jasmine Kilman
By: Jasmine Kilman

JV Acquires Loews Minneapolis Hotel

Marcus Hotels & Resorts along with Hempel Real Estate and Robinson Park Investments have reached an agreement to acquire the Loews Minneapolis Hotel jointly. Marcus Hotels & Resorts will assume management of the hotel, which will be rebranded under another major global hotel system. The terms of the agreement were not disclosed.

This will be the third property managed by Marcus Hotels & Resorts in Minneapolis since 1993. The company also manages the Hilton Minneapolis/Bloomington and previously managed the Crowne Plaza-Northstar Hotel. The acquisition is expected to close at the beginning of March 2024.

Located in the heart of downtown Minneapolis, the full-service luxury hotel features 251 rooms and more than 12,500 square feet of meeting space. The property is situated near several sporting and entertainment destinations including Target Center and Target Field.

Connect Industrial Midwest 2024 will take place on March 5, 2024, at Joe’s Live in Rosemont, Illinois. Click here for more information and to register.

Connect

Inside The Story

LoewsMarcus Hotels & ResortsHempel Real EstateRobinson Park

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
Order Reprints