Milwaukee hotels see little positive impact from DNC

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The Pfister Hotel went from what was expected to be one of the busiest weeks of the summer to one of the slowest when the Democratic National Convention announced numerous reductions in the scale of its convention.

Only a few hotels in proximity to the Wisconsin Center District where the DNC was being held experienced significant positive impacts from the convention.

Click here to read the full article in the Milwaukee Business Journal.

Bloomington DoubleTree Sells

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The 568-room DoubleTree by Hilton Bloomington Minneapolis South sold for $26 million in July 2020 in the midst of the pandemic.  One of the Twin Cities’ largest hotels, the property sold at a price of just under $46,000 per room, an indicator of the blow Covid-19 has dealt to the hospitality market.

Click here to read the full article featured in the Minneapolis/St. Paul Business Journal.

RiversEdge redevelopment moves forward in downtown St. Paul

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Ramsey County leaders say the COVID-19 pandemic and ensuing financial fallout isn’t stopping them from moving ahead with RiversEdge, the $788 million riverfront redevelopment proposed for downtown St. Paul that includes apartments, condos, retail, offices and a dramatic urban park.

But precisely what gets built — and when — could change as the pandemic affects demand for office space, hotel rooms and shopping. The first phase of the project now will likely be an apartment tower to meet the strong demand for new housing.

Click here to read the full article featured in the Star Tribune.

Fire erupts at Kaeding apartment/hotel site in downtown St. Paul

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A six-story building still under construction in downtown St. Paul burned nearly to the ground. The site, just across from the Xcel Energy Center, was to have become apartments and a Courtyard by Marriott hotel.  The developer has plans to rebuild.

Click here to read the full article featured in the Minneapolis/St. Paul Business Journal.