SHERIDAN, WYOMING – April 8, 2025 - Sonesta Select Minneapolis Eden Prairie Sold to Local Operator in Promising Market Move
New ownership signals confidence in Twin Cities hospitality recovery
HREC Investment Advisors has successfully arranged the sale of the 149-room Sonesta Select Minneapolis Eden Prairie, marking a notable transaction in the Twin Cities hotel market. The property, located in Eden Prairie, Minnesota, was acquired by Eden Hotels LLC, a local owner/operator based in Minneapolis.
Experienced brokers drive the transaction
The deal was executed on behalf of Service Properties Trust (SVC), with HREC Investment Advisors exclusively representing the seller. The sale was led by a team of industry veterans, including Scott Stephens, senior principal/COO – Tampa; Monty Levy, managing director – Atlanta; Lee Kerfoot, SVP – Minneapolis and broker on record for Minnesota; Tim Storey, VP – Minneapolis; Ronn Thomas, SVP – Minneapolis; and Taylor Ponath, VP – Minneapolis.
“Yet again, we are very pleased to have successfully advised one of our key clients on the sale of this asset,” commented Monty Levy. Tim Storey added, “We believe that this trade highlights the recovery occurring in the hospitality market in the Twin Cities.”
Strategic location enhances property value
The Sonesta Select Minneapolis Eden Prairie benefits from a prime location off Interstate 494, ensuring convenient access to a wide range of business and leisure destinations. Nearby, travelers can reach corporate hubs, the University of Minnesota, US Bank Stadium, and downtown Minneapolis, all within a short drive.
The hotel is also well-positioned near key demand generators, including:
- Six major corporate locations
- Eden Prairie Center shopping mall
- Flying Cloud Airport
- Hennepin Technical College
- The anticipated light rail expansion
These factors make the property an attractive asset for long-term value creation in a recovering hospitality landscape.
Eden Prairie: A vibrant Minneapolis suburb
Eden Prairie, located just 12 miles southwest of downtown Minneapolis, is the 16th largest city in Minnesota and part of Hennepin County. The city lies along the north bank of the Minnesota River, upstream from its intersection with the Mississippi River. Known for its balance of natural beauty and corporate vitality, Eden Prairie provides an ideal environment for hospitality growth.
A boost for local hospitality investment
This acquisition by Eden Hotels LLC, a Minneapolis-based operator, reflects growing confidence in the regional hotel market and local ownership’s commitment to enhancing guest experiences in the Twin Cities area.
By acquiring a branded hotel with a strong location and access to key demand drivers, Eden Hotels LLC is poised to capitalize on rising travel demand, particularly as business and leisure travel continue to rebound.
A signal of market momentum
The transaction underscores a broader trend of revitalization within the Twin Cities hospitality sector. As demand continues to climb, especially in well-connected suburban areas like Eden Prairie, the sale of properties such as the Sonesta Select highlights renewed investor interest and long-term growth potential.
Looking ahead
With a robust brand, strategic location, and active local ownership, the Sonesta Select Minneapolis Eden Prairie is expected to continue serving travelers with quality accommodations and convenient access to the greater Minneapolis area.
For those seeking a dependable hospitality investment in a thriving suburban market, this sale represents a strong indicator of continued upward momentum.