Loews Minneapolis Hotel has been rebranded to The Lofton Hotel following the close of its acquisition by a joint venture between Marcus Hotels & Resorts, Hempel Real Estate and Robinson Park. The property is now managed by Marcus Hotels & Resorts and is the first Tapestry Collection by Hilton 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, 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.”
Mark Beffort, CEO, Robinson Park, said, “We are excited to invest once again in the downtown community of Minneapolis, a community we believe in. 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.”
Josh Krsnak, CEO, Hempel Real Estate, said, “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. This investment aligns closely with Hempel’s commitment to real estate projects that add meaningful value to cities and their communities.”
Located in downtown Minneapolis, The Lofton Hotel is close to the Target Center, which is connected to the hotel via skywalk, and Target Field.
The full-service lifestyle property features 251 guestrooms and suites, more than 15,000 sq. ft. of flexible meeting and event spaces, a signature restaurant, a lobby-level bar and lounge, a business center and a fitness center.
