{"id":1004097964,"date":"2014-06-07T20:57:09","date_gmt":"2014-06-08T04:57:09","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=267421"},"modified":"2022-12-07T03:42:09","modified_gmt":"2022-12-07T11:42:09","slug":"loews-hotels-resorts-to-acquire-255-room-graves-601-hotel-wyndham-grand-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/loews-hotels-resorts-to-acquire-255-room-graves-601-hotel-wyndham-grand-2\/","title":{"rendered":"Loews Hotels & Resorts to Acquire 255-Room Graves 601 Hotel Wyndham Grand"},"content":{"rendered":"

By Gabriel Circiog, Associate Editor
\n<\/em>
\nLoews Hotels & Resorts announced that it has entered into an agreement to acquire the Graves 601 Hotel Wyndham Grand. The property will be purchased from the Graves Hospitality Corp. in a deal that is expected to close in early July.\"\"<\/a><\/p>\n

\u201cWe are pleased to be selling to Loews, knowing that they are a first-class company and a good fit for the market, the team members and community. We feel absolutely confident that passing the baton to Loews ensures the hotel will continue to be an asset for Minnesota,\u201d explained Jim Graves, founder of Graves Hospitality.<\/p>\n

Located at 601 First Ave. North, Graves 601 Hotel is in the center of the business, theater and entertainment districts in the heart of downtown Minneapolis. The hotel is directly across the street from the Target Center and is connected by the Skyway System.<\/p>\n

\u201cMinneapolis is a key market for us as we expand our brand,\u201d said Paul Whetsell, president & CEO of Loews Hotels & Resorts. \u201cNot only is Graves 601 in a prime location, the hotel has a quality product and strong reputation in the market, which makes this a welcome addition to the Loews family.\u201d<\/p>\n

Graves 601 Hotel features 255 hotel guest rooms and suites, as well as numerous amenities, such as two restaurants and bars, more than 9,000 square feet of meeting and event space, and a recently renovated spa and fitness center.<\/p>\n

Loews Hotels & Resorts currently owns or operates 20 hotels and resorts in the U.S. and Canada. As previously reported by Commercial Property Executive<\/a><\/strong>, it is currently developing the new 400-room Loews Chicago Hotel, which is expected to open in early 2015.<\/p>\n

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

Loews Hotels & Resorts recently announced that it has entered into an agreement to acquire the Graves 601 Hotel Wyndham Grand. The property will be purchased from the Graves Hospitality Corporation in a deal that is expected to close in early July.<\/p>\n","protected":false},"author":1064,"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-1004097964","post","type-post","status-publish","format-standard","hentry","category-minneapolis-st-paul","category-latest","tag-national"],"acf":[],"yoast_head":"\nLoews Hotels & Resorts to Acquire 255-Room Graves 601 Hotel Wyndham Grand - 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\/loews-hotels-resorts-to-acquire-255-room-graves-601-hotel-wyndham-grand-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Loews Hotels & Resorts to Acquire 255-Room Graves 601 Hotel Wyndham Grand\" \/>\n<meta property=\"og:description\" content=\"Loews Hotels & Resorts recently announced that it has entered into an agreement to acquire the Graves 601 Hotel Wyndham Grand. The property will be purchased from the Graves Hospitality Corporation in a deal that is expected to close in early July.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/loews-hotels-resorts-to-acquire-255-room-graves-601-hotel-wyndham-grand-2\/\" \/>\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=\"2014-06-08T04:57:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T11:42:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/06\/Graves-601-Hotel-Wyndham-Grand.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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/loews-hotels-resorts-to-acquire-255-room-graves-601-hotel-wyndham-grand-2\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/loews-hotels-resorts-to-acquire-255-room-graves-601-hotel-wyndham-grand-2\/\",\"name\":\"Loews Hotels & Resorts to Acquire 255-Room Graves 601 Hotel Wyndham Grand - 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