Sage Hospitality Acquires Marriott Minneapolis Southwest
Wednesday July 2nd, 2014 - 11:07AM E
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
MINNETONKA, MN—Sage Hospitality has acquired the 321-room Marriott Minneapolis Southwest located here.
Sage will invest more than $10 million into staffing and renovation all public spaces and guestrooms. Sage currently operates the DoubleTree Suites by Hilton Hotel Minneapolis.
The Marriott Minneapolis Southwest features Marriott’s Great Room and Stacy’s Grille, serving breakfast, lunch and dinner. The property offers more than 14,000 sq. ft. of meeting and event space and is part of the Opus 2 Business Park.
“We are excited to continue growing in the Minnesota market,” stated Michael Everett, chief investment officer, Sage Hospitality. “The Marriott Minneapolis Southwest features many of the key investment parameters that are core to our value add growth strategy, and Sage looks forward to bringing its management and ownership expertise to this exciting hotel.”
Tags: Sage Hospitality • Marriott Minneapolis Southwest • Hospitality • Acquisitions •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.