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.