Hawkeye Hotels Inc., a company active in Greater Des Moines hotel development, has bought the Radisson Quad-City Plaza in Davenport, which is connected by skywalks to the city’s RiverCenter and historic Adler Theater.
A prominent Pewaukee hotel is rebranding.
The Country Springs Hotel, which was purchased by Waukesha Hospitality in February, will rebrand itself as The Ingleside Hotel in spring 2018, according to a company news release. Chicago hotel design firm The Getty Group is leading the design and rebrand, which will take place on the heels of an extensive hotel renovation.
Hotel Metro, a boutique hotel located in the heart of downtown, is reportedly being taken over by Marriott International, according to reports.
A bid listed in The Daily Reporter indicated that Hotel Metro will be converted into a Marriott Autograph hotel, Marriott’s collection of boutique hotels worldwide. Marriott’s Autograph collection helps showcase “some of the most beautifully orchestrated hotel experiences the world has to offer,” according to its website.
A San Fransisco-based private equity firm has purchased downtown’s 222-room Hotel Minneapolis.
Hospitality Properties Trust continued an acquisitions-based growth strategy in the third quarter that added 16 hotels to its portfolios—on top of 18 that were added in Q2. But company executives said during an earnings call with investors that going forward, the strategy could change.
“We’re being a little bit more conservative about how we invest, and we’re being careful about who we invest with,” said HPT President and COO John Murray. “We have a lot of renovations that we’re going to be working on during the course of next year, related to the pretty healthy level of acquisitions we made this year.”
CUSHMAN & WAKEFIELD
Discover what makes Cushman & Wakefield the preferred real estate partner. Visit our global site for more information regarding our company, its services, and our people.
Cushman & Wakefield Minneapolis-St. Paul
3500 W. American Blvd, Suite 200
Bloomington, MN 55431
No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.