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.

 

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Marriott International said that it was too early to estimate how coronavirus would affect openings this year.

The 216-room hotel will follow the citizenM Seattle South Lake Union, which is slated to open this April.

Though Marriott said the virus could lower fee revenue by $25 million a month, President/CEO Arne Sorensen called the estimate “probably a bit light.”