Laxmi Hotels Group Buys Royal Sonesta Minneapolis Downtown

SaleHospitalityMinneapolis Core (Downtown / North Loop / Northeast)

Reported Oct 26, 2026 · Source: Hotel Realtor

Source: Hotel RealtorRead the full report at Hotel Realtor ↗

Deal details

Buyer
Laxmi Hotels Group (eight-hotel portfolio)
Seller
Not disclosed
Price
$5M
Size
360 keys
Asset class
Hospitality
Transaction
Sale
Sub-market
Minneapolis Core (Downtown / North Loop / Northeast)
Metro
Minneapolis-St. Paul
Reported date
Oct 26, 2026

Summary

Royal Sonesta hotels change hands in a major deal, highlighting investor interest in hospitality assets and the evolving hotel market. LAXMI HOTELS GROUP acquired the 221-key Royal Sonesta Portland Downtown in Portland, Oregon, for $6.83 million and the 360-key Royal Sonesta Minneapolis Downtown in Minneapolis for $5 million. Source: Hotel Realtor.

Summarized from the article; the quoted lines below are from the article itself.

Source: Hotel Realtor

Read the full report at Hotel Realtor. What the article says:

  • Deal
    Royal Sonesta hotels change hands in a major deal, highlighting investor interest in hospitality assets and the evolving hotel market.
  • Deal
    Royal Sonesta hotels change hands
  • Size / Buyer
    LAXMI HOTELS GROUP acquired the 221-key Royal Sonesta Portland Downtown in Portland, Oregon, for $6.83 million and the 360-key Royal Sonesta Minneapolis Downtown in Minneapolis for $5 million.

Article date: 2026-10-29T17:46:22+00:00

Frequently asked questions

Who bought the Royal Sonesta Minneapolis Downtown property?
Laxmi Hotels Group bought the Royal Sonesta Minneapolis Downtown property in Minneapolis Core, according to Hotel Realtor.
How much did the Royal Sonesta Minneapolis Downtown property sell for?
The reported price is $5M, per Hotel Realtor.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.