Marcus Hotels And Resorts, Hempel Real Estate And Robinson Park Investments Form JV To Acquire Loews Minneapolis Hotel; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Marcus Hotels and Resorts, Hempel Real Estate, and Robinson Park Investments have formed a joint venture to acquire Loews Minneapolis Hotel. The financial terms of the deal were not disclosed.
February 14, 2024 | 12:49 pm
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Marcus Corporation, through its subsidiary Marcus Hotels and Resorts, is part of a joint venture to acquire Loews Minneapolis Hotel. The terms of the acquisition were not disclosed.
The acquisition of Loews Minneapolis Hotel by a joint venture including Marcus Hotels and Resorts, a subsidiary of Marcus Corporation (MCS), is likely to have a positive short-term impact on MCS's stock price. This move indicates strategic growth in the hospitality sector, although the lack of disclosed financial terms adds some uncertainty to the precise impact.
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