HRI Properties Acquires 229-Suite DoubleTree by Hilton Hotel Minneapolis; Renovation Planned
August 4, 2016 9:12am
MINNEAPOLIS and NEW ORLEANS, La – August 4, 2016 – HRI Properties, LLC (HRI) announced today it has acquired DoubleTree Suites by Hilton Hotel Minneapolis. The hotel is located at 1101 LaSalle Avenue, six blocks from HRI’s owned and managed Embassy Suites by Hilton Minneapolis Downtown opening September 2016. HRI Lodging, LLC (HRIL), a subsidiary of HRI will manage the new property.
“DoubleTree Suites by Hilton Hotel Minneapolis is an excellent fit for our portfolio,“ said Gary Gutierrez, HRIL President and HRI COO. “We are poised for success in the downtown Minneapolis market holding a majority of the all-suite product in the area and continuing our relationship with the Hilton brand – this being the 11th Hilton flagged hotel in our portfolio.”
Located in the heart of downtown Minneapolis, the all-suite hotel offers 229 suites, all markedly spacious with separate bedroom and living areas. HRI plans to invest $3.5 million in renovations starting in early 2017. DoubleTree Suites by Hilton Hotel Minneapolis features a host of amenities including Lot 57 Restaurant and Lounge, a full-service Starbucks, 24/7 fitness and business centers, an HHonors concierge level and 24-hour complimentary text message concierge service. The hotel also has 1,162 sq. ft. of flexible meeting space for up to 70 guests and specializes in small meetings, offering unique setups like the Merchandising Suite. Recognized for its service, the hotel consistently averages four-star reviews and boasts the TripAdvisor Certificate of Excellence.
Nearby attractions in downtown Minneapolis include the city’s best dining, theaters, museums, sports and entertainment venues. Highlights include the Nicollet Pedestrian Mall, North Loop, Eat Street, Orchestra Hall, Target Field, Target Stadium and the US Bank Stadium. Centrally located in the business district, the hotel is four blocks from the Minneapolis Convention Center and steps away from the many Fortune 500 companies located in the city, including the Target national headquarters directly across the street.
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doubletree suites by hilton hotel minneapolis
Founded in New Orleans in 1982 by Edward B. Boettner (1933-2000) and Pres Kabacoff, HRI Properties (HRI) is dedicated to the pursuit of rebuilding neighborhoods and recreating entire communities. Through its subsidiaries, HRI has completed 70 large-scale projects for a total funding value of $2 billion which include 5,114 apartment units, 4,116 hotel rooms, and more than 1,300,000 square feet of office and retail space. HRI is a full-service real estate development company and a national leader in the adaptive reuse of historic structures. HRI’s mission is - Revitalizing Cities by Creating Diverse, Vibrant and Sustainable Communities. For more information, please visit our website at www.hriproperties.com.
HRI Lodging, LLC. (HRIL) is one of the 50 largest hotel management companies in the U.S. with a current portfolio of 24 hotels and resorts spanning the continental U.S. By building alliances with major domestic and international investment firms, the organization pursues a dual mode growth strategy of managing independent, boutique properties as well as partnering with industry leading brands, including Starwood, Marriott, Hilton and Hyatt. HRI Lodging is the hotel management division of New Orleans-based HRI Properties, a full-service real estate development company and a national leader in the adaptive reuse of historic structures. For more information, please visit our website at www.hrilodging.com.
Contact: Larry Daniels
504 566 3049
DoubleTree by Hilton is a fast-growing, global collection of more than 460 upscale hotels with more than 111,000 rooms in gateway cities, metropolitan areas and vacation destinations across six continents. Everything about DoubleTree by Hilton aims to return the human touch to travel, starting with the presentation of a warm chocolate chip cookie upon arrival and continuing throughout with Team Members dedicated to Creating a Rewarding Experience (CARE) for hotel guests, other Team Members and the communities the brand proudly serves. DoubleTree by Hilton properties offer unique, contemporary accommodations and full-service facilities including restaurants and lounges, room service, health clubs, business centers and meeting and banquet space. Hilton HHonors members who book directly through preferred Hilton channels receive instant benefits, including an exclusive discount that can’t be found anywhere else, free standard Wi-Fi and digital amenities like digital check-in with room selection and Digital Key (selected locations) available exclusively through the industry-leading Hilton HHonors app. To make reservations at any DoubleTree by Hilton hotel, travelers may visit our brand website at http://www.doubletree.com.
Hilton Worldwide (NYSE: HLT) is a leading global hospitality company, comprising more than 4,660 managed, franchised, owned and leased hotels and timeshare properties with nearly 765,000 rooms in 102 countries and territories. For 96 years, Hilton Worldwide has been dedicated to continuing its tradition of providing exceptional guest experiences. The company's portfolio of 13 world-class global brands includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton HHonors®. Hilton HHonors members who book directly through preferred Hilton channels have access to benefits including exclusive member rates, free standard Wi-Fi, as well as digital amenities that are available exclusively through the industry-leading Hilton HHonors app, where HHonors members can check-in, choose their room, and access their room using a Digital Key. Visit news.hiltonworldwide.com for more information.
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