Bloomington, Minn., investor buys Duluth Radisson

Trinity Hotel Investors has sopld the 288-room Radisson Hotel Duluth Harborview for an undisclosed price to Bloomington, Minn.-based Kaeding Management, which plans a comprehensive renovation.

Chicago-based Paramount Lodging Advisors represented Trinity in the sale.

"The asset is an integral part of the downtown Duluth full-service room supply and an iconic part of the city’s skyline," said Paramount managing director Bennett Webster. "The transaction was not without its challenges, including a waterline break the night prior to Call For Offers in the marketing process. Despite the time delays induced by the flood, the renovations surrounding the water damage resulted in $3MM in improvements to the building, which ultimately drove considerable additional interest in the asset."

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

Suggested Articles

This roundup features details on 15 new properties operating in the United States.

The survey is open to all multiunit hotel ownership and development companies. Results will be published in the October issue of Hotel Management.

The “Black Representation in Hospitality Leadership 2020” report examines the role of Black leaders, men and women, across the industry.