The Westin Hotel in downtown Minneapolis has been sold.

Monarch will certainly operate the hotel in partnership with HEI Hotels & Resorts, a leading resort investment and also monitoring business. HEI's experience handling hotels in Minneapolis and Westin properties across the USA better reinforces the development of potential customers for Westin Minneapolis.

Along with the home features, King remains to be drawn to the vibrant features of the Minneapolis market. With its young as well as highly educated workforce, Minneapolis is currently a preferable business place and also is home to even more Fortune 500 companies per capita than any other huge metro market in the United States. The Westin Minneapolis is already beginning to take advantage of the return of service as well as recreation travel to the location.

The Westin Minneapolis is a 214 key, full-service business-oriented hotel in the heart of midtown Minneapolis. The resort's location, at the facility of the Minneapolis Skyway System as well as its close distance to the city's biggest team centers consisting of the Minneapolis Convention Facility, U.S. Bank Arena, Target Field, and Target Facility, make the building an appealing location for business and also recreation tourists in the city's downtown. To enhance the already premium company, recreation, and also amusement offerings, Majesty is devoted to additional improving the hotel via an upcoming property renovation. Moreover, Emperor thinks that the Westin brand name, with significant customer loyalty in the business and recreation markets, will make the hotel one of one of the most desired hospitality properties in the city.

King Option Resources LP, a leading investment company with about $9 billion of properties under monitoring, today introduced the purchase of the Westin Minneapolis in Minnesota in collaboration with HEI Hotels & Resorts. Via its existing property existence and also deep connections in the Minneapolis market, Emperor had the ability to obtain a leading hotel at a considerable discount to historical deals in an off-market purchase because of interruption brought on by the pandemic. The Westin Minneapolis procurement, Monarch's twelfth hotel acquisition in 2021, highlights the firm's continued capacity to recognize attractive residential or commercial properties that it thinks are well-positioned to gain from the return of both business and also recreation travel.

Ian Glastein, Handling Principal as well as Co-Head of Property at Queen, stated, "Our purchase of the Westin Minneapolis follows our focus on excellent quality properties in traditionally solid markets that have been dislocated by the COVID-19 pandemic. Our deep sourcing capacities, together with our capacity to supply speed and assurance of execution, were crucial to this purchase."

About Brand:

Westin is the global leader in wellness for over a decade. The company has 225 hotels and resorts in nearly 40 countries and territories. It offers fitness programs, including its signature WestinWORKOUT Fitness Studio and gym classes; RunWestin, which offers fitness gear; TRX and Peloton bikes; and the Eat Well menu, which features healthy meals options.