Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Mille Lacs Band buys hotel near St. Louis Park's West End for $37 million

 


The business arm of the Mille Lacs Band Ojibwe expanded its hospitality footprint in the Twin Cities through a recent purchase of a St. Louis Park hotel near the bustling West End entertainment district.

Mille Lacs Corporate Ventures (MLCV), which manages all of the band’s business investments, bought the DoubleTree by Hilton Minneapolis Park Place Hotel last month for $37.3 million, according to public records.

Corporate Ventures recently completed a major renovation of the former Crowne Plaza in downtown St. Paul into an InterContinental Hotel. The group also owns the DoubleTree Hilton in St. Paul, Grand Casino Mille Lacs, Grand Casino Hinckley and an Embassy Suites in Oklahoma City.

http://www.startribune.com/real-estate-notebook-mille-lacs-band-buys-st-louis-park-hotel/347221332/

 

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