Real EstateAcquisitionsLe Meridien Chambers Minneapolis to Go Independent Following Sale

Le Meridien Chambers Minneapolis to Go Independent Following Sale

MINNEAPOLIS — Hodges Ward Elliott (HWE), a boutique real estate capital markets advisor, arranged the sale of Le Meridien Chambers Minneapolis, a 60-room hotel located at 901 Hennepin Avenue in downtown Minneapolis, Minnesota. The new owner plans to terminate the Marriott management agreement and operate the luxury lifestyle hotel as an independent property.

The HWE team of John Bourret, managing director, Ryan Lindgren, director, and David Auer, associate, represented the seller of the Le Meridien Chambers Minneapolis, Ashford Hospitality Trust, Inc. in the transaction.

“This offering was very attractive to potential investors for a variety of reasons, but primarily because of the superior rooms product and amenities,” said Lindgren.

“Minneapolis continues to be viewed very positively by the institutional investment market,” added Bourret. “Though this was a small deal, the asset quality and location within the market really drove investor interest.”

 


Subscribe to receive LODGING’s free daily e-newsletter.

SUBSCRIBE

RELATED ARTICLES

White Lodging Hires New Chief Financial Officer, Chief Legal Officer

MERRILLVILLE, Indiana—White Lodging added to its investments and development executive team with the hirings of Noah Hoppe as executive vice president and chief financial...

This Week’s Comings & Goings

Marriott International announced that Leeny Oberg, Marriott’s chief financial officer and executive vice president, development, has decided to retire effective March 31, 2026. Read...

LODGING Exclusive: HVMG’s HVAnalytics Powers Smarter Hotel Performance

Amplifying operations is critical for the hospitality industry, especially in times of uncertainty. The hotel transaction market specifically has experienced a recent slowdown, leading...

Smart Hotel Manager Announces Collaboration With Remington Hospitality

DOVER, Delaware—Smart Hotel Manager announced that the company is working with Remington Hospitality to advance its Live Safety platform. The collaboration reflects a shared...

Coury Hospitality Expands Portfolio With Two Management Agreements

DALLAS, Texas—Coury Hospitality announced that it has assumed management of Plunge Beach Resort in Lauderdale-by-the-Sea, Florida, and Residence Inn Alexandria Old Town South at...

JLL Secures Sale of Grand Eastonian Hotel & Suites

NEW YORK CITY, New York—JLL’s Hotels & Hospitality Group announced the $5.6 million sale of the Grand Eastonian Hotel & Suites, a 50-room hotel...