Marcus & Millichap Brokers Sale of 164-Room Radisson RED Hotel in Minneapolis
MINNEAPOLIS — Marcus & Millichap has brokered the sale of Radisson RED, a 164-room hotel in the Mill District of Minneapolis. Joseph Ferguson, Jon Ruzicka, Reed Gizinski and Brock Banken of Marcus & Millichap represented the seller, Choice Hotels International Inc. Ferguson procured the buyer, Minneapolis Hotel Ventures. The property is located on 1.5 acres at 609 S. Third St., two blocks from U.S. Bank Stadium and 0.2 miles from the light rail station, providing direct access to the Minneapolis-St. Paul International Airport. Built in 2016 as the first Radisson RED in the United States, the hotel features OUI Bar + Kitchen, event space and a fitness center.
MINNEAPOLIS — Marcus & Millichap has brokered the sale of Radisson RED, a 164-room hotel in the Mill District of Minneapolis. Joseph Ferguson, Jon Ruzicka, Reed Gizinski and Brock Banken of Marcus & Millichap represented the seller, Choice Hotels International Inc. Ferguson procured the buyer, Minneapolis Hotel Ventures. The property is located on 1.5 acres at 609 S. Third St., two blocks from U.S. Bank Stadium and 0.2 miles from the light rail station, providing direct access to the Minneapolis-St. Paul International Airport. Built in 2016 as the first Radisson RED in the United States, the hotel features OUI Bar + Kitchen, event space and a fitness center.
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