Microtel in Rochester fetches $4.5 million | Finance & Commerce finance-commerce.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finance-commerce.com Daily Mail and Mail on Sunday newspapers.
Hempel buying another well-known downtown Minneapolis building, Loews Hotel startribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from startribune.com Daily Mail and Mail on Sunday newspapers.
A joint venture of three investors plans to buy the Loews Minneapolis Hotel in downtown, one of which is Eden Prairie-based Hempel Real Estate that has recently bought several prominent buildings in the area. Milwaukee-based Marcus Hotels & Resorts and Oklahoma City-based Robinson Park Investments are the other investors. The sale should close in early March, though no parties have disclosed .
Oakdale hotel trades for $11.3M | Finance & Commerce finance-commerce.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finance-commerce.com Daily Mail and Mail on Sunday newspapers.
Veteran broker Ted Leines of Leines Hotel Advisors Inc. in Eden Prairie admitted he was surprised by the interest he had received when he sold the 55-room GrandStay Hotel & Suites, at 1031 Wendt Drive in Thief River Falls for a client for $6 million.