Loews Buys The Graves 601 in Minneapolis

Business Traveler (USA) - - UPFRONT -

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.

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