CBRE Brokers Sale of 209-Room Hotel in Bloomington, Minnesota

by Kristin Harlow

BLOOMINGTON, MINN. — CBRE Hotels has brokered the sale of Park Plaza Hotel in Bloomington for an undisclosed price. The 209-room hotel is located at 4460 W 78th St. Circle. The property is located near the Mall of America and the Minneapolis-St. Paul International Airport. Nate Sahn of CBRE represented the seller, Hospitality Properties Trust. A joint venture between Hawkeye Hotels and JR Hospitality purchased the property with plans to renovate the hotel and relaunch it as a Courtyard by Marriott the end of next year, according to Minneapolis/St. Paul Business Journal.

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