The new Element hotel in the North Loop was recently sold weeks before its doors opened for the first time.
Developer United Properties, owned by the Pohlad family, sold the 156-room hotel in late December for a little more than $34 million, according to an electronic certificate of real estate value made available Jan. 2.
The buyer was Duluth-based Lion Hotel Group.
The hotel sits above the new Fillmore Minneapolis music venue, set to have its first show in mid-February. Guests can begin staying in the hotel Jan. 24.
The hotel is at 501 N. 6th Av., a stone’s throw from Target Field, where the Pohlad-owned Minnesota Twins play.
Lion Hotel Group had been working with United Properties to develop the hotel, the first Element hotel from Marriott International, Inc., to open in Minnesota. The hotel caters to guests looking for extended stays with in-room kitchens and oversized closets.
The hotel plans to offer a range of amenities including a rooftop patio with grills and a fire pit, a lobby with 16-foot-high windows and more.
“The Element aligns well with the North Loop of Minneapolis,” said Bill Godbe, the general manager of the Element Minneapolis, in a recent statement. “The area is home to some of the newest, most exciting entertainment options and centrally located in the downtown core. Our commitment to a relaxed and balanced lifestyle is a natural extension of the neighborhood. We are thrilled to bring this new hospitality option to healthy, active travelers in the Twin Cities.”
Last week, media preview tours were being given of the Fillmore and the attached Trax Burgers and Bar restaurant. The Fillmore wasn’t part of the Element sale.
Medical Alley puts focus on mental health
The Medical Alley Association plans to shine a spotlight on mental health in April, featuring two prominent voices on mental health care in a “fireside chat” during the group’s annual meeting in Minneapolis.
The trade group for Minnesota’s cluster of more than 1,000 health care companies announced last week that Olympic swimmer Michael Phelps and former U.S. Rep. Patrick Kennedy will join association CEO Shaye Mandle on stage at the April 29 event to talk about ending stigmas and addressing mental illness.
“The Medical Alley Association is committed to promoting mental health care, raising awareness of new ways to nurture mental resilience, and amplifying the voices of those that are passionate about improving mental health for everyone,” Mandle said in the Jan. 6 announcement.
Phelps, 34, has the world record for the most Olympic medals, having earned 28 medals in individual and team swimming events since competing in his first Olympics at the age of 15. He retired after the 2016 Games, and in 2018 revealed his longtime struggle with depression, addiction and thoughts of suicide.
At an event organized by the Kennedy Forum in January 2018, Phelps said he fell into a major depressive state after the 2004 Olympics and after each Olympic Games he competed in after that. He founded the Michael Phelps Foundation in 2008, and today the charity serves dual goals of promoting water safety and emotional health among children and young athletes.
The Kennedy Forum was founded by the former Rhode Island representative in 2013 with a mission to raise the profile of mental health care in the United States. The group aims to eliminate stigmas of mental illness and spread awareness about consumers’ right to receive mental health care under the 2008 federal mental health law known as the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008.