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Tuesday 5 March 2024

Marcus Hotels & Resorts, Hempel Real Estate and Robinson Park Close Acquisition of Loews Minneapolis Hotel

Loews Minneapolis Hotel will be rebranded The Lofton Hotel with immediate effect.
The 251-room property will be rebranded as The Lofton Hotel under the Tapestry Collection by Hilton flag; Marcus Hotels & Resorts to manage the property.

Marcus Hotels & Resorts, a nationally recognized owner and management company and division of The Marcus Corporation announced this week that it, Hempel Real Estate, and Robinson Park have closed on the acquisition of the Loews Minneapolis Hotel. The property will be managed by Marcus Hotels & Resorts, effective today, and will be rebranded immediately as The Lofton Hotel under the Tapestry Collection by Hilton flag, making it the first Tapestry Collection hotel in Minnesota. The terms of the transaction were not disclosed.

“Since 1993, Marcus Hotels & Resorts has been invested in elevating the travel and leisure experience in Minneapolis, a city we greatly admire and appreciate,” said Michael Evans, president of Marcus Hotels & Resorts. “The Lofton Hotel’s chic design, incredible location, and ample amenities create a welcoming destination for travellers visiting the Twin Cities and experiencing all they have to offer. With The Lofton Hotel now part of the Tapestry Collection by Hilton platform, we look forward to welcoming our new associates to the Marcus Hotels & Resorts family and providing our guests with the high-quality service and experience for which Hilton and we are known. We also look forward to playing an active part in the continued resurgence of the downtown business and social community.”

“We are excited to invest once again in the downtown community of Minneapolis, a community we believe in,” said Mark Beffort, chief executive officer of Robinson Park. “With the backing of the Tapestry Collection by Hilton and the management expertise of Marcus Hotels & Resorts, The Lofton Hotel is poised to deliver an unparalleled experience in the heart of the downtown core.”

“As long-time investors in the Twin Cities area, we are thrilled to invest in a major downtown landmark at the heart of the city’s sports and entertainment districts,” said Josh Krsnak, chief executive officer at Hempel Real Estate. “This investment aligns closely with Hempel’s commitment to real estate projects that add meaningful value to cities and their communities.”

The Lofton Hotel

Located in downtown Minneapolis, The Lofton Hotel is steps from the city’s shopping and entertainment districts as well as premier sports destinations like the Target Center, which is connected to the hotel via skywalk, and Target Field. Business travellers can also easily connect to the business district and nearby office buildings using the famous Minneapolis Skyway System.

This full-service lifestyle property features 251 contemporary guest rooms and suites that highlight the state’s topographic features. In addition to artwork adorning the rooms and common areas that draws inspiration from key aspects of Minneapolis’ identity, each room is equipped with the latest amenities, such as Keurig gourmet coffee makers, and lavish limestone counters and glass basins in the bathrooms. The Lofton Hotel’s suites have impressive views of the city skyline with many boasting views directly into Target Field, including onto home plate. Additionally, each suite offers extra space and additional amenities to make guest stays more comfortable. Two of The Lofton Hotel’s signature suites celebrate famous local artists with unique features, such as an in-room grand piano once played by the Piano Man himself, Billy Joel, large living spaces for entertaining, and artwork that celebrates Minneapolis icons. In addition, The Lofton Hotel boasts more than 15,000 square feet of flexible meeting and event space that offers state-of-the-art audiovisual technology for meetings, group events, and weddings of all sizes.

Food and beverage outlets include a signature restaurant currently serving New American cuisine inspired by the Pacific regions, as well as a bar and lounge on the lobby level offering handcrafted cocktails and local microbrews, along with small bites. To appeal to both locals and guests alike, both concepts will be updated to offer an elevated food and beverage experience. Other hotel amenities include a robust business centre, a fitness centre with a full range of cardio-vascular and weightlifting equipment as well as Peloton bikes, a pet-friendly policy, and an attentive concierge service to help travellers get the most out of their stays.

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