Hotel Online 
News for the Hospitality Executive


The 265-room Seven Corners Holiday Inn Minneapolis, Minnesota Sold
to Heartland Realty Investments for $12.75 Million

New Owners Plan $10 Million Renovation and Re-branding

By David Phelps, Star Tribune (Minneapolis)McClatchy-Tribune Regional News

Dec. 13, 2012--The Seven Corners Holiday Inn near the University of Minnesota has been sold to Heartland Realty Investments for $12.75 million, according to Finance & Commerce. The new owners plan to spend an additional $10 million for renovation of the 265-room hotel.

The former owner was Capital Realty Investments, which developed the hotel near the Washington Avenue exit off I-35W in the early 1980s.

The new owners have dropped the Holiday Inn brand and will announce a new hotel affiliation in the future, the publication said.

David Phelps -- 612-673-7269


(c)2012 the Star Tribune (Minneapolis)

Visit the Star Tribune (Minneapolis) at

Distributed by MCT Information Services

Receive Your Hospitality Industry Headlines via Email for Free! Subscribe Here

To Learn More About Your News Being Published on Hotel-Online Inquire Here

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

Home | Welcome | Hospitality News
| Industry Resources

Please contact Hotel.Online with your comments and suggestions.