Dual-Branded Hilton Hotels Underway in Downtown Minneapolis

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A major rehab of a vacated historic property is underway at 317 Second Avenue South in downtown Minneapolis. Iowa-based Hawkeye Hotels and Minnesota-based JR Hospitality began rehab on a dual-branded hotel—the city’s first Home2 Suites by Hilton and first Tru by Hilton.

With a total of 201 rooms, the eight-story, dual-branded hotel will include a fitness center, business center and free high-speed wireless internet. The Home2 Suites rooms will also feature fully equipped kitchens.

Click here to read the full article featured in LODGING.

Delta Hotel by Mariott in Menomonee Falls

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Hostmark Hospitality Group, a Schaumberg, Illinois-based hotel operator is renovating and rebranding the Radisson Hotel in Menomonee Falls, WI.  The newly branded Delta Hotel by Mariott will become the second location in Wisconsin, joining the property in Racine.  The $2.8M project will include a $300K renovation and renaming of the approximately 6,100 SF RBG Bar & Grill into the Waterlin Coffee Bar & Bistro.

Click here to read the full articled featured in the Milwaukee Business Times.

Springhill Suites Opens in Milwaukee Market

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A SpringHill Suites by Marriott opened in May in Wauwatosa, Wisconsin.  The 119-suite hotel is managed by Aimbridge Hospitality of Plano, Texas.

Click here to read the full article recently featured in RE Journals.

U.S. Lodging Outlook Remains Stable

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The Q1 2019 edition of the PwC Hospitality Directions reports that the U.S. lodging industry is expected to stay stable through 2020.  Although the company did note that continued trade tensions and effects from possible tarriff-rate implementation as well as heightened political uncertainty, slowing economic growth and tempered investor confidence could change that outlook at any time.

Click here to read the full article featured in HotelBusiness.

Cushman & Wakefield Arranges $11.4M Sale of Woodbury La Quinta

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The Cushman & Wakefield team of Ronn Thomas and Tim Storey represented seller Burywood Properties LLC in the sale of the 108-room La Quinta by Wyndham hotel at 700 Bielenberg Drive in Woodbury. The sale closed March 28.

Thomas and Storey listed the property, which sits on the northeast quadrant of Interstate 494 and Tamarack Road, and received strong interest in the hotel, which opened recently.

“It’s a seller’s market for strong hotel properties in the Twin Cities,” said Thomas. “We received a half-dozen offers for this property alone, and many inquiries beyond that.”

This is the 3rd hotel the Cushman & Wakefield Midwest Hospitality Team has sold in the I-94/I-694/I-494 submarket since 2017.

Crowne Plaza in Wauwatosa sells for $30 million

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The 198-room Crowne Plaza Milwaukee West hotel in Wauwatosa, WI, was purchased by the Massachusetts-based REIT, Hospitality Properties Trust (HPT) for $30 million (approximately $151,500 per key). HPT purchased the hotel roughly a year after Atlanta-based Peachtree Hotel Group bought it for $24.5 million.

Click here to read the full articled featured in the Milwaukee Business News.

North Loop Apartment Development Transitions to Condos & Short-Term Rentals

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Minneapolis-based developers United Properties and Greco have switched their focus of the 57-unit Sable project attached to The Nordic, an office and retail project at 729 Washington Avenue North in the popular North Loop neighborhood.  Originally slated as an apartment project, the developers have instead opted for condos targeting buyers who would use them for short-term rentals.

Click here to view a recent article in The Minneapolis-St. Paul Business Journal.

New Bar & Grill for Madison’s Hotel Indigo

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The majority owners of Madison’s two Eno Vino’s tapas and wine bars opened Palette Bar and Grill in May, serving breakfast and dinner. It is located on the ground floor of the new Hotel Indigo, which was originally the historic Mautz Paint warehouse. Hence, the name of the restaurant is a play on color palettes and taste palates. Look for upscale dinner menu items such as lobster bites with mango sweet and sour sauce, green apple slaw and mostarda aioli at this restaurant located at 901 E. Washington Ave.

Click here to read the full article featured in the Wisconsin State Journal.

Omaha Riverfront Continues to Experience Change

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The Gene Leahy Mall in Omaha, NE, will be risen to street level as part of a $290 million revamp with trails, an urban beach and play areas along a 90-acre swath of downtown Omaha. Next door, the Conagra campus is in the first phase of a multiyear, $500 million project as well.

A wave of new apartments are also set to open this year at River’s Edge on the Council Bluffs side of the river.

Click here to read the full article published by the Omaha World-Herald.