Mortenson Plans Marriott Brand Hotel At 401 Hennepin
M.A. Mortenson Co. unveiled plans Thursday to bring another hotel to downtown Minneapolis: Marriott’s AC Hotel brand, to be located at 401 Hennepin Avenue.
The $48 million project is expected to be finished in 2016 and calls for a nine-story, 244-room hotel to take the place of a surface parking lot now at the location.
“We believe this brand is a natural fit for the culture and vibrancy of the downtown Minneapolis market,” Nate Gundrum, a Mortenson executive, said in a statement. At the crossroads of the downtown core and the Warehouse District, this location will empower guests to experience and feel the city.”
AC Hotels was founded in 1998 and has 75 properties in Spain, Italy, France and Portugal. The company formed a joint venture with Marriott in 2011 and launched in the U.S. in June 2013. The first AC Hotel U.S. opening is planned this month for New Orleans with hotels to follow in Kansas City, Missouri, and Miami Beach, Florida.
Mortenson—which is also developing a 14-story, 342-room JW Marriott at Mall of America—is scheduled to make its pitch to the Minneapolis Planning Commission at its Nov. 13 meeting. The Star Tribune reported that a public review would be likely in January.
Mortenson tapped ESG Architects to design the hotel, the same firm that is designing Mortenson’s Hampton Inn & Suites development at 1st Avenue and 8th Street expected to be finished in spring 2015.
The 401 Hennepin site first hit the market earlier this year at the same time the City of Minneapolis sought pitches for several downtown development locations. In January, Chicago-based InterPark LLC tapped Chicago-based Jones Lang LaSalle to market the property.
“The timing is right. We feel that this is going it be a very attractive site,” Jones Lang LaSalle’s Minneapolis vice president Brent Robertson said at the time. “This could be the next big project in downtown Minneapolis.”