Lakeville Nabs 117-Key Hampton Inn Development

Lakeville will join the growing list of cities hosting a JR Hospitality hotel. The Eagan, MN-based company is about to begin work on a new Hampton Inn on the city’s southwest edge just off Exit 81 on Interstate 35.

Plans call for a four-story, 117-room Hampton at a vacant 3.2-acre parcel at 20851 Keokuk Ave. The hotel will sit in a mostly undeveloped office and retail area, directly south of an Allina Clinic.

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Georgia investment group plans ‘comprehensive’ renovation for Wauwatosa Crowne Plaza

Peachtree Hotel Group, based in Atlanta, bought the Wauwatosa hotel from Rosemont, Ill.-based First Hospitality Group on May 3 for $24.5 million.

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West Allis drafting financial support for Cobalt’s $87 million ‘West Quarter’ development

West Allis officials next month will consider significant city spending to help Cobalt Partners tear down a mostly vacant former Allis-Chalmers office and build an $87 million mixed-use development.

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For one hotel company, Minnesota’s Super Bowl meant $1 million in new profits

 

It’s not a news flash that Twin Cities hotels turned a tidy profit during the Super Bowl, but one publicly traded company’s quarterly financial report provides a good look under the hood of what exactly such an event means to a hospitality business.

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Mall of America-area hotel developer plans another, with a Westin flag

A developer who is familiar with the area just east of Mall of America is gearing up for his third hotel project in a one-block stretch.

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Luxury hotel, complete with 24-hour art museum, commits to Des Moines tower development

The Des Moines arts scene could reach new heights with a luxury hotel that will lend its name and operational savvy to a 131-room hotel planned for the Fifth development in downtown Des Moines.

Louisville, Ky.-based 21c Museum Hotels has signed with Mandelbaum Properties to bring a blend of art museum and upscale hotel to a mixed-use project that includes a 12-story hotel as part of a 40-story tower with 208 luxury apartments at Fifth and Walnut streets, an eight-screen, dine-in movie theater topped by two floors of commercial space at Fifth and Court Avenue, and a 690-stall public parking garage located midblock along Fifth between Court and Walnut.

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Hotel Grinnell owner recognized by rural development group

Angela Harrington received Iowa Rural Development Council’s Impact on Place honor for her work developing Hotel Grinnell, a converted 97-year-old junior high school in the city, according to a release. The school’s former classrooms now feature upscale hotel rooms with soaring windows, vaulted ceilings and hardwood floors. The locker room houses the bar and outdoor patio. The old school gym and historic theater are wedding, conference/meeting and entertainment venues.

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Star Tribune article.

2019 Final Four to bring $142M, 94,000 visitors to Twin Cities, analysis claims

Event at U.S. Bank Stadium in 2019 will attract 94,000 visitors — and their wallets. 

The economic impact estimate is in for the 2019 Final Four at U.S. Bank Stadium, so let the debate begin.

The number is $142 million.

“We didn’t want the biggest number, we wanted the most credible number,” Final Four CEO Kate Mortenson said.

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