Twin Cities room rates rise amid hotel boom

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The Twin Cities’ average daily hotel room revenue rose 5.5 percent to $119.62 between 2015 and 2016.

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Twin Cities room rates rise amid hotel boom

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The average daily room revenue rose 5.5 percent to $119.62 between 2015 and 2016 in the Twin Cities marketplace.

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Water Park of America, hotel fetch $39+ million in sale

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Great Wolf Resorts Inc. paid $39.1 million for Bloomington’s Water Park of America and will invest more into the property when it closes the attraction and an attached hotel for an overhaul this year.

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