Hospitality Properties Trust Buys Minneapolis Hotel

By Adina Marcut

Radisson Blu Minneapolis Downtown

Hospitality Properties Trust (HPT) has acquired the Radisson Blu Minneapolis Downtown, a 360-key hotel in Minneapolis. An affiliate of KKR sold the asset after the company first bought it in 2014. This property ranks as the ninth hotel owned by HPT and managed by Radisson Hotel Group. This deal comes after another Radisson hotel was opened in Lawrence, Kan., back in March. 

Located at 35 S. Seventh St., Radisson Blu Minneapolis Downtown is close to major transportation options such as Minneapolis—St. Paul International Airport 12 miles away and the Fifth St. light rail station two blocks away. Other nearby attractions include the Minneapolis Convention Center, Nicollet Mall, the NBA’s Timberwolves at the Target Center and the NFL’s Minnesota Vikings at U.S. Bank Stadium. Additionally, the University of Minnesota is three miles away. 

The pet-friendly hotel features 29,000 square feet of meeting and event space, a 24-hour business center, fitness center on the 17^th floor, parking spaces and Wi-Fi. Additionally, laundry and valet services are available for an additional charge. 

“This aligns with our five-year plan and the commitment we are making, along with our partners like HPT, for significant investments in rebranding or repositioning our hotels in the Americas,” Ken Greene, president, Americas, Radisson Hotel Group, said in prepared remarks.

Image via Google Street View