Kris Lindahl Real Estate News

5 Portfolio Lessons to Be Learned from the Summit Hotel Sale

Summit Hotel Properties recently sold off six hotels for $135 million, resulting in a net gain of $36.6 million. One of their properties was the SpringHill Suites by Marriott, located at the Mall of America. The numbers for this sale are impressive, with an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) multiple of 12.8 […]

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Downtown Minneapolis: Growth Spurt Continues

According to all pertinent statistics, downtown Minneapolis continues to grow – in a healthy way. Since 2006, the population has increased 56 percent; more than 205,000 employees fill downtown jobs. Last year, the city welcomed 33 million business and leisure visitors, for a total of 2,301,040 hotel room nights occupied. A whopping 80.7 million rides […]

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Environmental Consciousness: Shaping Offices of the Future

Minneapolis scores high on the list of top-ranking environmentally friendly cities in the U.S., capturing sixth place on a list compiled by CommercialCafe. But, what exactly does that entail, and what does it say about future development? More than half the world’s population had migrated to cities by the year 2007, a turning point in […]

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Progress Slow: Finding a Balance for Dayton’s Renovation

Finding a balance between forward-thinking renovation and historic preservation at the former Dayton’s flagship store in downtown Minneapolis hasn’t been easy. Now, nearly two years after the store closed and ambitious redevelopment plans were unveiled, progress still seems slow. However, the developer, Chicago-based Telos Group, is unfazed by the delays. The interior construction that will […]

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