{"id":1004100010,"date":"2014-07-08T06:43:33","date_gmt":"2014-07-08T14:43:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004100010"},"modified":"2022-12-07T01:48:42","modified_gmt":"2022-12-07T09:48:42","slug":"loews-hotels-resorts-buys-255-key-graves-601-wyndham-grand-in-minneapolis","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/loews-hotels-resorts-buys-255-key-graves-601-wyndham-grand-in-minneapolis\/","title":{"rendered":"Loews Hotels &amp; Resorts Buys 255-Key Graves 601 Wyndham Grand in Minneapolis"},"content":{"rendered":"<p><i>By Scott Baltic, Contributing Editor <\/i><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Loews.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004100015\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/loews-hotels-resorts-buys-255-key-graves-601-wyndham-grand-in-minneapolis\/loews\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Loews.jpg\" data-orig-size=\"2146,1654\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Loews\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Loews.jpg?w=1024\" class=\"alignleft size-medium wp-image-1004100015\" alt=\"Loews\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Loews.jpg\" width=\"300\" height=\"231\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Loews.jpg 2146w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Loews.jpg?resize=300,231 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Loews.jpg?resize=768,592 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Loews.jpg?resize=1024,789 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Loews.jpg?resize=1536,1184 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Loews.jpg?resize=2048,1578 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Loews.jpg?resize=150,116 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Loews.jpg?resize=696,536 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Loews.jpg?resize=1068,823 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Loews.jpg?resize=1920,1480 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Loews.jpg?resize=545,420 545w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Loews Hotels &amp; Resorts has completed its acquisition from Graves Hospitality of the 21-story, 255-room Graves 601 Hotel Wyndham Grand in Minneapolis, Loews announced Monday.<\/p>\n<p>The property, in downtown Minneapolis, was immediately rebranded as the Loews Minneapolis Hotel and is slated to undergo an approximately $7 million renovation starting in early 2015.<\/p>\n<p>Loews declined to provide further information about the deal, but Twin Cities Business reported, based on local real estate filings, that the sale was for $65 million and closed on July 2.<\/p>\n<p>\u201cThe Loews Minneapolis is a great addition to the Loews portfolio,\u201d Paul Whetsell, president &amp; CEO of Loews Hotels &amp; Resorts, said in a release. \u201cThere are exciting new developments in Minneapolis including the Block E area, and having our hotel in such a key Midwestern destination is a tremendous plus for the growth of our brand. The property is in great physical condition, with the renovation targeted to further enhance the guest experience.\u201d<\/p>\n<p>Loews Hotels &amp; Resorts has been expanding its footprint in the Midwest. The company recently announced the purchase of the 556-room InterContinental Chicago O\u2019Hare Hotel, expected to close at the end of the month.\u00a0\u00a0 &lt;www.commercialsearch.com\/news\/regions\/midwest\/loews-hotels-resorts-buy-intercontinental-chicago-ohare-hotel\/1004099659.html&gt;<\/p>\n<p>In addition, the Loews Chicago, a new 52-story, 400-room hotel in that city\u2019s Streeterville neighborhood, will open in February 2015. &lt;www.commercialsearch.com\/news\/cities\/chicago\/new-loews-chicago-hotel-joins-alhi-2\/1004097789.html&gt;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Loews Hotels &amp; Resorts has completed its acquisition from Graves Hospitality of the 21-story, 255-room Graves 601 Hotel Wyndham Grand in Minneapolis.<\/p>\n","protected":false},"author":882,"featured_media":1004100015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21751,21783,36076,21742],"tags":[],"class_list":["post-1004100010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-hotel","category-investment","category-minneapolis-st-paul","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Loews Hotels &amp; 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