Last fall, MCR acquired the DoubleTree from a lender who foreclosed on their borrower. MCR’s purchase price was more than a 40% discount to what the hotel previously sold for in 2018. In June 2021, MCR rebranded the hotel from a DoubleTree to a Hilton Garden Inn.
The Hilton Garden Inn is MCR’s second hotel in Minneapolis. MCR also purchased the 60-room Chambers Hotel downtown at a price that was nearly 50% below the prior owner’s cost basis.
Located on the University of Minnesota’s East Bank main campus, the Hilton Garden Inn Minneapolis University Area is across from the M Health Clinics hospital and its recently opened $160 million surgery centre. The Stadium Village light rail station — with links to Minneapolis−Saint Paul Airport — is just two blocks away.