The Minneapolis and St. Paul hotel market has been uniquely hard-hit. Can all the properties survive?
It’s no surprise that the local hotel scene has suffered in the pandemic. Every hotel ecosystem in the country has. But the Twin Cities had the distinction of the worst occupancy- and revenue-per-room plunge of any major metro area in the country, showing up last of 25 markets each month of it, according to industry analyst STR.
Four hotels are currently closed: the Crowne Plaza Northstar and Sheraton Midtown have both been delisted from their chain’s reservation sites; while the Le Meridien Chambers has been sold and will reopen as an independent boutique property in 2021; the Delta Minneapolis Northeast is accepting bookings for May.