Marcus & Millichap Brokers Sale of 164-Room Radisson RED Hotel in Minneapolis
Why this matters
Hospitality has separated by chain scale and demand segment, with luxury and resort outperforming and select-service holding pricing power on a leaner cost base. New construction starts remain at multi-decade lows, which has supported in-place RevPAR and made conversions of soft-branded flags an increasingly active part of transaction velocity. Minneapolis medical office and industrial continue to outperform. Multifamily supply has cooled meaningfully entering 2026 and concessions are now retracing. For sponsors with operational expertise, the sector continues to offer one of the more compelling income-plus-appreciation profiles available across CRE.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- One of 49 hospitality stories tracked on the wire in November 2026. All Hospitality coverage →
- 121 stories mentioning Marcus & Millichap on the wire in the past 90 days. Marcus & Millichap coverage →
Computed from Real Estate Trail’s own tracked coverage
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 represen…
External link. Real Estate Trail does not republish source content.
Related coverage — Minneapolis · Hospitality
Standard, Endeavor Sell 174,288 SF Cobalt Business Center in Metro Minneapolis
MENDOTA HEIGHTS, MINN. — Standard Real Estate Investments LP and Endeavor Development have sold Cobalt Business Center, a 174,288-square-foot industrial facility in Mendota Heights. A private investor acquired the ass…
Beyond the Summits: The Lasting Power of IHG’s Owners Assn.
The author, a former IHG Owners Association chair, makes the case for active owner participation in brand associations as a strategic business investment, not just an industry courtesy.
Avalora Introduces Cross-Platform Guest Intelligence™
Avalora launched Cross-Platform Guest Intelligence (CPGI) at The Hospitality Show in Miami Beach, an AI platform that aggregates guest interaction data across hotel systems to surface revenue and service insights.
Coming 5 November: Tokenomics in Hospitality, a free Pertlink playbook, published in partnership with Hospitality Net
Pertlink's free 30-page playbook on AI tokenomics for hotels, covering cost tracking per guest across AI touchpoints, launches on Hospitality Net on 5 November.
Proof, not promises: Updated guide helps tourism and events industry navigate new EU greenwashing rules
ETC, GDS-Movement and NECSTouR updated their practical guide on the EU EmpCo Directive, helping destinations, DMOs and event organisers make credible, evidence-based sustainability claims.
American Hotel & Lodging Association Names 2026 General Managers of the Year at The Hospitality Show
AHLA recognized eight hotel general managers across six categories at The Hospitality Show in Miami Beach, including two newly introduced awards for rising stars and community ambassadors.