Hyatt to acquire Minneapolis Comfort Suites; to rebrand as a Hyatt Place

Hyatt Hotels Corp. has acquired the Comfort Suites hotel in downtown Minneapolis and will rebrand it as a Hyatt Place following a $20-million renovation. Subsequent to the renovation, Hyatt will sell the 216-room hotel to Summit Hotel Properties, which will continue to manage it. The brand and ownership changes should take place in summer 2013. Terms of the deal were not disclosed. The Hyatt Place Minneapolis Downtown will be the fourth Hyatt-branded hotel in the Minneapolis area.

The hotel is located at 425 S. Seventh Street, near the Metrodome. It occupies the middle floors of the Centre Village building, which also includes a parking ramp and condominiums.

 

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.