The Marquette Hotel in Minneapolis sold to Austin investor

Marquette Hotel in Minneapolis
Marquette Hotel in Minneapolis

The Marquette Hotel at IDS Center in Minneapolis was sold to a company affiliated with JMI Realty for $74.5 million.

The 281-room Marquette Hotel is branded under Hilton Hotels & Resorts. The property's sale price comes out to more than $265,000 per room. The 57-story IDS Center is attached to the hotel, but is owned by a different entity than the 12-story hotel.

JMI is a private investment and development group based out of Austin, Texas, and is the hotel development partner for the Nicollet Hotel Block.

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External Source : StarTribune

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