Minneapolis–CBRE Hotels has arranged the sale of the 141-room DoubleTree by Hilton hotel in Minneapolis near the University of Minnesota campus.
Nate Sahn, Pravin Boteju, and James Foxx with CBRE Hotels represented the seller, led by Nick Walton of Reuter Walton Companies and CPM Development.
Located at 511 Huron Boulevard Southeast in the Stadium Village district near the University of Minnesota, the DoubleTree by Hilton Minneapolis–University Area is a five-story full-service hotel catering to campus visitors and the University Health Clinics and Surgery Center located across the street.
Completed and opened in April 2017, the hotel offers views of TCF Bank Stadium and is blocks from the Stadium Village Green Line light rail station and Washington Boulevard, which offers numerous retail and dining options. The hotel also features underground parking and 6,000 square feet of restaurant and meeting space.
“The DoubleTree Minneapolis University Area is a beautifully-designed hotel that will benefit from stable demand from the university campus and the greater Minneapolis area,” said Sahn, executive vice president of CBRE Hotels. “This transaction is a testament to the growing investor interest in Minneapolis and university markets.”