Entries by Cindy.Hoeschen

Rand Tower Being Converted to Boutique Hotel

The Rand Tower, an art deco office building in downtown Minneapolis, will be converted into a Tribute by Marriott hotel, the first for that brand in Minnesota. The project is scheduled for completion in December 2020. Click here to read the full article featured in the Star Tribune.

Ameriprise Sells Chaska Hotel and Event Center

Bobby Atkinson, who was active in Twin Cities real estate until shifting gears to launch a TV network a dozen years ago, has returned to the industry and purchased 123 acres of land and the Oak Ridge Conference Center in Chaska from Ameriprise Financial. Click here to read the full article featured in the Minneapolis/St. […]

Pentagon Park Redevelopment Underway

Redevelopment of the former Pentagon Office Park in Edina is underway.  The $150 million project will feature 12,000 square feet of retail, two hotels, a parking ramp and a speculative office building. Click here for the recent article featured in the Minneapolis/St. Paul Business Journal.

Kraus-Anderson Completes Mixed-Use Development in Minneapolis

Kraus-Anderson Construction has finished construction on Ironclad, a $100 million mixed-use development project at Chicago and Washington Avenues in the historic Mills District near U.S. Bank Stadium in downtown Minneapolis. Owned and developed by Kharabunda Management, the 418,864-square-foot project adds new housing, hospitality and retail to the East Town district and the Downtown East Neighborhood. […]

Simplicity and Functionality were in Focus at HITEC

Simplicity and functionality were the theme on the trade show floor at this year’s HITEC conference held in Minneapolis, MN. While much of the focus at HITEC was on simplifying technology, there was one product type that was being shown more than it ever has before—panic button technology. Click here to read the full article […]

U.S. Hotel Revenue Grows While Deal Volume Falls

Revenue for hotels in the United States trended upward during first quarter 2019 – albeit at a slower pace than previous quarters.  In fact, occupancy hovered near current levels for the past six quarters while room supply continued to grow. Click here to read the full article featured in Hotel Management.

Airbnb Rival Sonder is Pushing into Downtown Minneapolis

San Francisco-based Sonder operates rooms for travelers, but unlike Airbnb, the company takes over leases and maintains the furnished properties on its marketplace, stocking them with items like toiletries. Its portfolio includes a growing presence in Minneapolis. The company already controls a few dozen units downtown and is angling for more. Click here to read […]

My Place Hotel Opens in Mount Pleasant, Wisconsin

My Place Hotels of America recently opened its newest hotel in Mount Pleasant, WI, marking the first My Place Hotel in the state and the brand’s 22nd state entry.  The three-story, 64-room hotel is located near the University of Wisconsin-Parkside. Click here to read the full articled featured in RE Journals.