An Austin, Texas-based real estate company has bought the Marquette Hotel at IDS Center for $74.5 million, according to public documents filed Thursday.
The company is affiliated with JMI Realty, a private investment and development group for luxury hotels that has holdings in several states. JMI Realty is also the hotel development partner of the high-profile Nicollet Hotel Block, according to Bloomington-based United Properties, which is lead developer of that project.
The 281-room Marquette Hotel, located at 701 Marquette, is a Hilton hotel. The sale, which closed Jan. 28, averages more than $265,000 per room.
The 57-story IDS Center is attached, but has a different owner than the 12-story hotel.
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Local
West Metro
Body camera video shows Minnetonka man repeatedly shooting at deputies before dying in firefight
"Suspect is down in the yard, he was firing at us again, we are giving him commands at this time," one deputy said.
East Metro
Oakdale issues warning after coyote attacks dog in nature preserve
No people have been hurt, officials said.
North Metro
Anoka County extends search for county administrator
Applicants can apply until May 3 for the county's top administrative position.
Local
Minneapolis schools, teachers reach tentative agreement to avert strike
Details will be released after teachers vote to ratify the agreement, district officials said.
Variety
Ambi Subramaniam and Kaushiki Chakraborty to Minnesotans: Lean in on Indian classical music, it's fun
The Carnatic violinist and Hindustani vocalist will meld their different styles in a concert Friday in St. Paul.
