westin minneapolis
Monarch Alternative Capital Acquires The Westin Minneapolis
Monarch Alternative Capital LP | October 20, 2021
NEW YORK and LONDON – October 20, 2021 – Monarch Alternative Capital LP, a leading investment firm with approximately $9 billion of assets under management, today announced the purchase of the Westin Minneapolis in Minnesota in partnership with HEI Hotels & Resorts. Through its existing real estate presence and deep relationships in the Minneapolis market, Monarch was able to acquire a leading hotel at a significant discount to historical transactions in an off-market purchase due to disruption caused by the pandemic. The Westin Minneapolis acquisition, Monarch's twelfth hotel purchase in 2021, highlights the firm's continue...
Carey Watermark Investors Acquires the 214-room Westin Minneapolis in Minnesota for $66.4 Million
Carey Watermark Investors | February 13, 2015
HEI Hotels & Resorts Will Continue to Manage the Hotel NEW YORK, Feb. 13, 2015 -- Carey Watermark Investors Incorporated (CWI) announced that it has acquired the landmark Westin Minneapolis hotel. The full-service hotel includes 214 guestrooms and is located in downtown Minneapolis. The acquisition price was $66.4 million and was financed with $43.5 million of debt. Key Facts •High quality asset: The Westin Minneapolis, originally constructed as the Farmers & Mechanics Bank building in 1942, is a uniquely designed, high-quality, high-rise hotel in the heart of Minneapolis. The former bank hall was repurposed in 2007 as the hot...
