Throughout March, hotels across the U.S. reacted swiftly to the threat of COVID-19. According to STR, over the next seven weeks approximately 15% of the nation’s hotel inventory closed. And while most properties remained opened, they operated at historically low occupancies. Occupancy appeared to reach its nadir in April and is gradually improving as many […]
http://midwesthotelsales2.teamsitesdata.com/wp-content/uploads/2018/07/CW_Logo_Color_340x156.png00Cindy.Hoeschenhttp://midwesthotelsales2.teamsitesdata.com/wp-content/uploads/2018/07/CW_Logo_Color_340x156.pngCindy.Hoeschen2020-05-28 13:47:142020-06-02 13:54:22Finding the New Normal in Hotel Operation After COVID-19
The hotel industry is one of many facing uncertainties due to COVID-19. As Cushman & Wakefield helps navigate our clients through this unprecedented time, we will continue to mirror hotel investors’ long-term goals and the anticipation of the future upside. Below we highlight the U.S. hotel industry’s current landscape, opportunities and strategies, and as we […]
http://midwesthotelsales2.teamsitesdata.com/wp-content/uploads/2018/07/CW_Logo_Color_340x156.png00Cindy.Hoeschenhttp://midwesthotelsales2.teamsitesdata.com/wp-content/uploads/2018/07/CW_Logo_Color_340x156.pngCindy.Hoeschen2020-04-28 09:46:512020-05-08 16:03:56The Current and Future State of the Hotel Industry: Opportunities & Strategies
For many hotels, the initial effect of COVID-19 was staggering as many hotels in the U.S. closed in early- to mid-March with the trend continuing to accelerate. The long-term impact on U.S. hotel performance will vary by market, and the duration of the initial decline and the subsequent recovery remains uncertain. Hotel owners and investors […]
http://midwesthotelsales2.teamsitesdata.com/wp-content/uploads/2018/07/CW_Logo_Color_340x156.png00Cindy.Hoeschenhttp://midwesthotelsales2.teamsitesdata.com/wp-content/uploads/2018/07/CW_Logo_Color_340x156.pngCindy.Hoeschen2020-04-21 12:37:082020-05-08 16:03:35The Impact of COVID-19 on Hotel Values: Analysis of Current Conditions
Radisson Hotel Group named Jim Alderman CEO for the Americas. A 34+ year hospitality veteran, Alderman will be based in the company’s U.S. headquarters in Minnetonka, MN, and will oversee its corporate offices and more than 680 hotels in the Americas. Alderman most recently served as EVP/chief development officer at Extended Stay America, where he […]
http://midwesthotelsales2.teamsitesdata.com/wp-content/uploads/2018/07/CW_Logo_Color_340x156.png00Cindy.Hoeschenhttp://midwesthotelsales2.teamsitesdata.com/wp-content/uploads/2018/07/CW_Logo_Color_340x156.pngCindy.Hoeschen2020-03-16 11:56:082020-05-08 16:03:16New Americas CEO for Radisson Hotel Group
A 142-room Element by Westin Hotel recently opened near the Mall of America in Bloomington, Minnesota. The hotel is a Marriott franchise, owned and managed by Park City, Utah, developer Terratron. Located at 2400 E. 82nd Street, the new hotel features Studio Common Connector rooms, which offer a a large communal space with adjacent guest […]
http://midwesthotelsales2.teamsitesdata.com/wp-content/uploads/2018/07/CW_Logo_Color_340x156.png00Cindy.Hoeschenhttp://midwesthotelsales2.teamsitesdata.com/wp-content/uploads/2018/07/CW_Logo_Color_340x156.pngCindy.Hoeschen2020-03-03 12:56:082020-05-08 16:02:54Element by Westin Opens in Bloomington
The Grand Hotel in downtown Minneapolis is undergoing a renovation that will turn the property into Hyatt’s upscale Centric brand – the first in Minnesota. The existing rooms are being renovated and an additional 14 rooms are being added for a total of 154 room. The first floor ballroom and restroom are also being updated.
http://midwesthotelsales2.teamsitesdata.com/wp-content/uploads/2018/07/CW_Logo_Color_340x156.png00Cindy.Hoeschenhttp://midwesthotelsales2.teamsitesdata.com/wp-content/uploads/2018/07/CW_Logo_Color_340x156.pngCindy.Hoeschen2020-02-19 12:45:532020-05-08 16:02:24Minneapolis Grand Hotel to Become a Hyatt Centric
One of the newest places to grab a drink in downtown St. Paul is inside Celeste St. Paul Hotel + Bar, which opened November 1, 2019, in the Exchange Building, a former convent listed on the National Register of Historic Places. The 71-room hotel, which is operated by Northfield-based Rebound Hospitality, includes a main-floor bar […]
http://midwesthotelsales2.teamsitesdata.com/wp-content/uploads/2018/07/CW_Logo_Color_340x156.png00Cindy.Hoeschenhttp://midwesthotelsales2.teamsitesdata.com/wp-content/uploads/2018/07/CW_Logo_Color_340x156.pngCindy.Hoeschen2020-02-19 12:12:432020-05-08 16:01:55Celeste St. Paul Hotel + Bar Opens
The Minnesota cities of Minneapolis, St. Paul and Bloomington are magnets for hotel development in the region and collectively have ten new hotels opening in 2020. However, the largest addition to the Twin Cities market over the next 12 months will be the 320-room Omni Vikings Lakes Hotel in Eagan. The Nordic-inspired property adjacent to […]
http://midwesthotelsales2.teamsitesdata.com/wp-content/uploads/2018/07/CW_Logo_Color_340x156.png00Cindy.Hoeschenhttp://midwesthotelsales2.teamsitesdata.com/wp-content/uploads/2018/07/CW_Logo_Color_340x156.pngCindy.Hoeschen2020-01-16 02:33:462020-01-18 02:42:2015 Hotels on Horizon for Minneapolis-St. Paul in 2020
Finding the New Normal in Hotel Operation After COVID-19
/in News /by Cindy.HoeschenThroughout March, hotels across the U.S. reacted swiftly to the threat of COVID-19. According to STR, over the next seven weeks approximately 15% of the nation’s hotel inventory closed. And while most properties remained opened, they operated at historically low occupancies. Occupancy appeared to reach its nadir in April and is gradually improving as many […]
The Current and Future State of the Hotel Industry: Opportunities & Strategies
/in News /by Cindy.HoeschenThe hotel industry is one of many facing uncertainties due to COVID-19. As Cushman & Wakefield helps navigate our clients through this unprecedented time, we will continue to mirror hotel investors’ long-term goals and the anticipation of the future upside. Below we highlight the U.S. hotel industry’s current landscape, opportunities and strategies, and as we […]
The Impact of COVID-19 on Hotel Values: Analysis of Current Conditions
/in News /by Cindy.HoeschenFor many hotels, the initial effect of COVID-19 was staggering as many hotels in the U.S. closed in early- to mid-March with the trend continuing to accelerate. The long-term impact on U.S. hotel performance will vary by market, and the duration of the initial decline and the subsequent recovery remains uncertain. Hotel owners and investors […]
New Americas CEO for Radisson Hotel Group
/in News /by Cindy.HoeschenRadisson Hotel Group named Jim Alderman CEO for the Americas. A 34+ year hospitality veteran, Alderman will be based in the company’s U.S. headquarters in Minnetonka, MN, and will oversee its corporate offices and more than 680 hotels in the Americas. Alderman most recently served as EVP/chief development officer at Extended Stay America, where he […]
Element by Westin Opens in Bloomington
/in News /by Cindy.HoeschenA 142-room Element by Westin Hotel recently opened near the Mall of America in Bloomington, Minnesota. The hotel is a Marriott franchise, owned and managed by Park City, Utah, developer Terratron. Located at 2400 E. 82nd Street, the new hotel features Studio Common Connector rooms, which offer a a large communal space with adjacent guest […]
Minneapolis Grand Hotel to Become a Hyatt Centric
/in News, Uncategorized /by Cindy.HoeschenThe Grand Hotel in downtown Minneapolis is undergoing a renovation that will turn the property into Hyatt’s upscale Centric brand – the first in Minnesota. The existing rooms are being renovated and an additional 14 rooms are being added for a total of 154 room. The first floor ballroom and restroom are also being updated.
Celeste St. Paul Hotel + Bar Opens
/in News /by Cindy.HoeschenOne of the newest places to grab a drink in downtown St. Paul is inside Celeste St. Paul Hotel + Bar, which opened November 1, 2019, in the Exchange Building, a former convent listed on the National Register of Historic Places. The 71-room hotel, which is operated by Northfield-based Rebound Hospitality, includes a main-floor bar […]
15 Hotels on Horizon for Minneapolis-St. Paul in 2020
/in News /by Cindy.HoeschenThe Minnesota cities of Minneapolis, St. Paul and Bloomington are magnets for hotel development in the region and collectively have ten new hotels opening in 2020. However, the largest addition to the Twin Cities market over the next 12 months will be the 320-room Omni Vikings Lakes Hotel in Eagan. The Nordic-inspired property adjacent to […]