MINNEAPOLIS—Chesapeake Lodging Trust, based in Annapolis, Md., has acquired The Hotel Minneapolis, a 222-room Marriott Autograph Collection hotel, located in Minneapolis, Minn. for $46 million. The Trust entered into an agreement with a subsidiary of HEI Hotels and Resorts, the hotel’s current operator, to manage the property and will continue its affiliation with Marriott under the Autograph Collection.
Located at 215 Fourth Street South, The Hotel Minneapolis is connected to the city skywalk system that links more than 80 blocks and more than 26 million sq. ft. of office and retail buildings.
Comprised of 10 stories, the property includes 22 suites, 6,000 sq. ft. of meeting space, a restaurant, business center, fitness center and approximately 12,000 sq. ft. of leased tenant space.
The Hotel Minneapolis’ lobby and ground floor retains original details of the 1906 Midland Bank building, including marble floors and panels, marble columns and ceilings with hand-carved plaster. In addition, original bank vaults have been incorporated to the design.
