the hotel minneapolis
Davidson Hotels & Resorts Welcomes The Hotel Minneapolis, Autograph Collection to Its Pivot Hotels & Resorts Portfolio
Davidson Hotels & Resorts | November 13, 2017
LOS ANGELES, Nov. 13, 2017 -- Davidson Hotels & Resorts expands its Pivot Hotels & Resorts portfolio with the addition of The Hotel Minneapolis, Autograph Collection, a historic 222-room property in Minneapolis, Minnesota. Known for its fusion of old city charm and contemporary flair, The Hotel Minneapolis, Autograph Collection, is conveniently located downtown where guests can easily access sensational attractions such as the Guthrie Theatre, Mill City Museum and the U.S. Bank Stadium, utilizing the pedestrian friendly skyway system or hopping on the nearby light rail. After a busy day of sightseeing or attending a Vikings game...
Chesapeake Lodging Trust Sells The 222-Room Hotel Minneapolis, Autograph Collection for $46 Million
Chesapeake Lodging Trust | November 9, 2017
ARLINGTON, Va.-- Chesapeake Lodging Trust (NYSE:CHSP) (the "Trust") announced today that it has closed on the sale of the 222-room The Hotel Minneapolis, Autograph Collection located in Minneapolis, Minnesota for a sale price of $46.0 million, or $207,000 per key. The Trust used the net proceeds from the sale to repay outstanding borrowings under its revolving credit facility. The Trust acquired The Hotel Minneapolis, Autograph Collection in October 2012 for $46.0 million, or $207,000 per key. The $46.0 million sale price represents a 6.2% trailing twelve month NOI cap rate (after factoring in a needed 2018 renovation estimated at $5.0 ...
Chesapeake Lodging Trust Announces Agreement to Sell The Hotel Minneapolis, Autograph Collection for $46.0 Million, or Approximately $207,000 Per Key
Chesapeake Lodging Trust | November 2, 2017
ARLINGTON, Va. -- Nov. 2, 2017-- Chesapeake Lodging Trust (NYSE:CHSP) (the "Trust") announced today that it has entered into an agreement to sell the 222-room The Hotel Minneapolis, Autograph Collection located in Minneapolis, Minnesota for a sale price of $46.0 million, or approximately $207,000 per key, subject to customary working capital pro-rations at closing. Completion of the proposed sale is expected to close within the next 30 days, subject to customary closing requirements and conditions. "We are excited to announce the pending sale of The Hotel Minneapolis, a hotel located in a non-core market for Chesapeake, and by timing th...
