Loews Buys The Graves 601 in Minneapolis
Loews Hotels & Resorts has entered into an agreement to purchase the 255-room Graves 601 Hotel Wyndham Grand from the Graves Hospitality Corporation. The acquisition is expected to close in early July.
Located in the heart of the downtown Minneapolis directly across from the Target Center in the business, theatre and entertainment districts, Graves 601 features two restaurants and bars, more than 9,000 square feet of meeting and event space, a recently renovated spa and a fitness center.
Graves 601 Hotel is the fourth major hotel purchase announced by Loews Hotels in the past two years. “Minneapolis is a key market for us as we expand our brand,” said Paul Whetsell, president and CEO of Loews Hotels & Resorts. “Not only is Graves 601 in a prime location, the hotel has a quality product and strong reputation in the market, which makes this a welcome addition to the Loews family.”
For more information visit loewshotels.com.