{"id":1004071437,"date":"2013-04-21T20:04:38","date_gmt":"2013-04-22T04:04:38","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=119395"},"modified":"2020-05-19T00:50:44","modified_gmt":"2020-05-19T08:50:44","slug":"chartres-lodging-acquires-28m-hotel-paves-way-for-second-radisson-blu-hotel-in-twin-cities","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/chartres-lodging-acquires-28m-hotel-paves-way-for-second-radisson-blu-hotel-in-twin-cities\/","title":{"rendered":"Chartres Lodging Acquires $28M Hotel, Paves Way for Second Radisson Blu Hotel in Twin Cities"},"content":{"rendered":"

By Gabriel Circiog, Associate Editor<\/em><\/p>\n

The second Radisson Blu in the Twin Cities will soon open, after San Francisco-based Chartres Lodging Group closed on the $28 million acquisition of the Radisson Plaza Hotel Minneapolis, paving the way for the downtown hotel\u2019s conversion.\"\"<\/a><\/p>\n

The Minneapolis \/ St. Paul Business Journal<\/a><\/em> reports the California investment group is expected to spend between $25 million and $30 million to convert the hotel to a Radisson Blu. Minnetonka-based Carlson Rezidor Hotel Group signed a long-term contract with Chartres Lodging Group to manage the hotel.<\/p>\n

Renovation of the Radisson Blu is set to start in the next few months, and completion is expected in 2014. The preliminary plans include upgrades to the guest rooms and suites, as well as the common areas, and an increase in conference and ballroom space. The FireLake Grill House and Cocktail Bar, the existing on-site restaurant, is also set to be updated. Furthermore, finishing touches, lighting and new signage will be arranged for the street-level entrance.<\/p>\n

Following inauguration of the 500-room Radisson Blu Mall of America on March 15, this second Twin Cities Radisson Blu will join about 230 other Radisson Blu hotels around the world and 51 other projects under development.<\/p>\n

Chartres Lodging Group focuses on finding value in under-performing, well-located, full-service lodging, conference center and resort assets. After completing turnaround renovations and repositionings, the assets are considered for sale or recapitalization to institutional-quality investors, according to the company\u2019s official Web site.<\/p>\n

For more market data on Minneapolis, please click here<\/a><\/strong>.<\/p>\n

Photo Courtesy of: www.radisson.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The second Radisson Blu in the Twin Cities will soon open after San Francisco-based Chartres Lodging Group closed on the $28 million acquisition of the Radisson Plaza Hotel Minneapolis, paving the way for the downtown hotel’s conversion.<\/p>\n","protected":false},"author":264,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36076,21742],"tags":[1815],"class_list":["post-1004071437","post","type-post","status-publish","format-standard","hentry","category-minneapolis-st-paul","category-latest","tag-national"],"acf":[],"yoast_head":"\nChartres Lodging Acquires $28M Hotel, Paves Way for Second Radisson Blu Hotel in Twin Cities - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/chartres-lodging-acquires-28m-hotel-paves-way-for-second-radisson-blu-hotel-in-twin-cities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chartres Lodging Acquires $28M Hotel, Paves Way for Second Radisson Blu Hotel in Twin Cities\" \/>\n<meta property=\"og:description\" content=\"The second Radisson Blu in the Twin Cities will soon open after San Francisco-based Chartres Lodging Group closed on the $28 million acquisition of the Radisson Plaza Hotel Minneapolis, paving the way for the downtown hotel’s conversion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/chartres-lodging-acquires-28m-hotel-paves-way-for-second-radisson-blu-hotel-in-twin-cities\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-22T04:04:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T08:50:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/Radisson-Plaza-Hotel-Minneapolis.jpg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chartres-lodging-acquires-28m-hotel-paves-way-for-second-radisson-blu-hotel-in-twin-cities\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chartres-lodging-acquires-28m-hotel-paves-way-for-second-radisson-blu-hotel-in-twin-cities\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc807179924e7fea3aeab259237f45a5\"},\"headline\":\"Chartres Lodging Acquires $28M Hotel, Paves Way for Second Radisson Blu Hotel in Twin Cities\",\"datePublished\":\"2013-04-22T04:04:38+00:00\",\"dateModified\":\"2020-05-19T08:50:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chartres-lodging-acquires-28m-hotel-paves-way-for-second-radisson-blu-hotel-in-twin-cities\\\/\"},\"wordCount\":266,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chartres-lodging-acquires-28m-hotel-paves-way-for-second-radisson-blu-hotel-in-twin-cities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/04\\\/Radisson-Plaza-Hotel-Minneapolis.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"Minneapolis-St Paul\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chartres-lodging-acquires-28m-hotel-paves-way-for-second-radisson-blu-hotel-in-twin-cities\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chartres-lodging-acquires-28m-hotel-paves-way-for-second-radisson-blu-hotel-in-twin-cities\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chartres-lodging-acquires-28m-hotel-paves-way-for-second-radisson-blu-hotel-in-twin-cities\\\/\",\"name\":\"Chartres Lodging Acquires $28M Hotel, Paves Way for Second Radisson Blu Hotel in Twin Cities - 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