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Colliers Mortgage Provides $14.9M Loan for Construction of New Hotel in St. Paul, Minnesota

The 120-room hotel will be located across from the Xcel Energy Center.

ST. PAUL, MINN. — Colliers Mortgage | Commercial Finance has provided a $14.9 million loan for the construction of Courtyard by Marriott-Gateway St. Paul. The 120-room hotel will be situated across from the Xcel Energy Center, a downtown arena. The Xcel Energy Center is home to more than 150 sporting and entertainment events each year. Loan terms and the borrower were not disclosed.

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