HEI, Hempel to Buy The Hotel Minneapolis

8th June 2010 (Last Updated June 8th, 2010 18:30)

HEI Hotels & Resorts has entered into a joint venture with Hempel Properties to buy The Hotel Minneapolis, Minneapolis, Minnesota, US, for an undisclosed amount. The deal for the 222-room boutique-style hotel was brokered by CBRE Hotels. The hotel will be operated by HE

HEI Hotels & Resorts has entered into a joint venture with Hempel Properties to buy The Hotel Minneapolis, Minneapolis, Minnesota, US, for an undisclosed amount.

The deal for the 222-room boutique-style hotel was brokered by CBRE Hotels.

The hotel will be operated by HEI and will join Marriott International’s new Autograph Collection brand.

The ten-storey hotel features 6,000ft² of function space.

Hempel is a retail developer while HEI Hotels is a leading hospitality investment firm.