Investment NewsTrading News

Marcus Motels and Resorts, Hempel Accurate Estate and Robinson Park Investments Charge Joint Challenge to Execute Loews Minneapolis Resort

Marcus® Motels & Resorts, a nationally identified proprietor and management firm and division of The Marcus Company (NYSE: MCS), announced this day that it alongside with Hempel Accurate Estate and Robinson Park Investments luxuriate in reached an agreement to jointly develop the Loews Minneapolis Resort. The phrases of the agreement had been no longer disclosed and are area to the satisfaction of sure typical closing prerequisites. Upon closing, Marcus Motels & Resorts will mediate management of the resort, which is in a position to be rebranded below one other well-known world resort system.

“The agreement to aquire the Loews Minneapolis Resort is per our technique to co-invest with luxuriate in-minded companions and tackle main properties across the nation,” acknowledged Michael Evans, president of Marcus Motels & Resorts. “That is an thrilling different to diagram stamp by investing in an extraordinary asset with a targeted management scheme, while adding one other premier destination to our portfolio of branded and self sustaining way of life hotels.”

Positioned in the center of downtown Minneapolis, this elephantine-service luxurious resort aspects 251 rooms and extra than 12,500 sq. ft of versatile meeting condominium. Dazzling to modify and leisure vacationers alike, the resort moreover aspects a elephantine-service restaurant and lobby bar and is internal strolling distance of many premier entertainment and sports locations. It is connected by skywalk to the Target Heart, dwelling to the NBA Minnesota Timberwolves and WNBA Minnesota Lynx, and is one city block from Target Field, dwelling to the MLB Minnesota Twins.

This would perhaps be the third property managed by Marcus Motels & Resorts in Minneapolis since 1993. The firm moreover manages the Hilton Minneapolis/Bloomington in Bloomington, Minnesota and beforehand managed the Crowne Plaza-Northstar Resort.

The acquisition is anticipated to discontinuance first and major place of March 2024.

About Hempel Accurate Estate

Hempel Accurate Estate is a Minnesota based main commercial exact property agency dedicated to acquiring, growing, leasing and managing commercial properties in markets at some level of the Midwest. Founded in 2001, Hempel Accurate Estate has earned a reputation for bringing dynamic and unusual vision to exact property investment. Hempel has extra than 3 million sq. ft in its portfolio. With a confirmed note file of success, Hempel Accurate Estate makes a speciality of turnaround initiatives and contemporary and re-use model properties with a focal level on retail, workplace, hospitality, and multi-family.

About Marcus Motels & Resorts

With the addition of Kimpton Resort Monaco Pittsburgh, Marcus Motels & Resorts owns and/or manages 19 hotels, accommodations and varied properties in the U.S. The firm’s distinctive portfolio entails city-center meeting hotels, upscale accommodations, historical properties, and top rate branded and self sustaining first class hotels. Marcus Motels & Resorts is an authorized operator for all well-known lodging brands. A leader in the hospitality replace since 1962, Marcus Motels & Resorts creates asset stamp for resort house owners through its abilities in management, model and product repositioning. This entails premier food and beverage brands equivalent to Mason Avenue Grill, ChopHouse, Miller Time® Pub & Grill and SafeHouse® Restaurants. For added info, please visit: and follow the firm on Fb and Twitter (@MarcusHotels).

About The Marcus Company

Headquartered in Milwaukee, The Marcus Company is a run-setter in the lodging and entertainment industries, with well-known firm-owned exact property sources. In addition to to its lodging division, its theatre division, Marcus Theatres®, is the fourth largest theatre circuit in the U.S. and for the time being owns or operates 1,064 monitors at 85 places in 17 states below the Marcus Theatres, Movie Tavern® by Marcus and BistroPlex® brands. For added info, please visit the firm’s web set at

Learn Extra

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button