HRI Properties Buys DoubleTree in Minneapolis

MINNEAPOLIS (HotelBusiness)— HRI Properties, LLC, has acquired the DoubleTree Suites by Hilton Hotel Minneapolis.

The hotel is located at 1101 LaSalle Ave., six blocks from HRI’s owned and managed Embassy Suites by Hilton Minneapolis Downtown set to open in September. HRI Hospitality, LLC, a subsidiary of HRI, will manage the new property.

“DoubleTree Suites by Hilton Hotel Minneapolis is an excellent fit for our portfolio,“ said Gary Gutierrez, HRIL president and HRI COO. “We are poised for success in the downtown Minneapolis market holding a majority of the all-suite product in the area and continuing our relationship with the Hilton brand—this being the 11th Hilton flagged hotel in our portfolio.”

Located in the heart of downtown Minneapolis, the all-suite hotel offers 229 suites with separate bedroom and living areas. HRI plans to invest $3.5 million in renovations starting in early 2017. The property features several amenities, including a Lot 57 Restaurant and Lounge, a full-service Starbucks, 24/7 fitness and business centers, an HHonors concierge level and a 24-hour complimentary text message concierge service. In addition, there is 1,162 sq. ft. of flexible meeting space for up to 70 guests and specializes in small meetings.

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