Hotel Online  Special Report



Minneapolis-Based CSM Corporation Acquires the 197 room
Holiday Inn Minneapolis West for $9.325 million


MINNEAPOLIS, Aug. 2, 2004 - CSM Lodging has added to its national hotel portfolio by acquiring the Holiday Inn Minneapolis West in St. Louis Park, Minnesota. The hotel was owned by a joint venture of Boykin Lodging Company and Interstate Hotels and Resorts. The sale price of the property was $9.325 million.
The Holiday Inn Minneapolis West, located near the intersection of Interstate 394 and U.S. 169, is centrally and conveniently located to all major attractions and businesses in the Twin Cities. This property features a four-story atrium lobby, 197 guest rooms, indoor pool, whirlpool, weight room, executive suites and more than 10,000 square feet of meeting and event space.

There are three food and beverage outlets onsite: Martha's restaurant featuring a lively Midwestern bistro; Chappy's Lounge to entertain business associates or lounge and watch a sporting event; and Java Heaven is a coffee bar that serves breakfast pastries,

  Holiday Inn
9970 Wayzata Blvd.
St. Louis Park, MN 55426
juices, and Gourmet Coffee products.

"The addition of this hotel to the CSM family complements our current portfolio," said Robin Kirk, President of CSM Lodging. "We anticipate acquiring several hotels this year, not only in our base here in Minneapolis but in other markets around the country."

CSM Lodging plans to completely renovate the property over the coming months, Kirk said. "Our aim is to meet the needs of the current business traveler, meeting planners and the new generation of leisure travelers," Kirk added. "This includes adding high-speed Internet access to every room as well as the addition of a state-of-the-art business center."

CSM Lodging is a division of CSM Corporation which owns and operates Marriott, Hilton and Country Inn Hotels and currently has 33 hotels across the United States.

Minneapolis-based CSM Corporation, founded in 1976, engages in the acquisition, development, leasing, management, and ownership of quality real estate assets. The extensive portfolio includes retail, industrial, multi- family residential, and hotel properties across the continental United States. CSM Lodging has been recognized as Marriott's "Developer of the Year" for their contribution to the tremendous growth and increase in market presence of limited service Marriott hotels.

The mission of CSM Lodging is to develop and manage the finest hotels through an association with the best brands, and to continuously deliver outstanding guest service.


 CSM Corporation
500 Washington Avenue South
Suite 3000
Minneapolis, Minnesota 55415

Also See: CSM Lodging Acquires the 126-room Residence Inn Minneapolis - Eden Prairie / February 2004
CSM Lodging Named as Marriott's Developer of the Year Two Years in a Row / December 2001

To search Hotel Online data base of News and Trends Go to Hotel.Online Search

Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.