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

Marcus Hotels & Resorts, a nationally recognized owner and management company and division of The Marcus Corporation (NYSE: MCS), announced today 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.

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The Lofton Hotel in Minneapolis (Photo: Business Wire)

“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 travelers 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 travelers can also easily connect to the business district and nearby office buildings using the famous Minneapolis Skyway System.