According to a year-end recap published by Cushman & Wakefield, the U.S. hospitality industry closed out 2021 with substantial national gains in rate and occupancy from 2020 and provided confidence that the recovery will reaccelerate in 2022.
Click here to view the full report.
Property owner and developer Charles James is planning to build a boutique hotel, called the Excelsior Bay Hotel, along the Lake Minnetonka waterfront in downtown Excelsior.
Click here to view the full article published by The Minneapolis/St. Paul Business Journal.
The New York-based investment group of Monarch Alternative Capital has acquired the 136-room Hotel Ivy located in downtown Minneapolis. The reported sale price of $30.75 million represents an approximate 54% increase over the property’s previous sale price in 2013.
Click here to view the full article featured in The Minneapolis/St. Paul Business Journal.
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