Westin Minneapolis sold to N.Y. investment firm for $66M

Carey Watermark Investors Inc. bought the 214-room Westin Minneapolis hotel for $66.4 million, marking one of the highest sale prices per room in the city’s history.

This is the first hotel property in Minnesota for the New York-based real estate investment trust. The sale, at $310,280 per room, is more than the July purchase of the 251-room Graves 601 Hotel, now called Loews Minneapolis Hotel, for $65 million, or nearly $259,000 per room.

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