W.P. Carey to invest $49M in new Minnesota Hilton

02/9/2007 | Commercial Property Executive

Developer Mortenson Development will receive about $49 million in funding from W.P. Carey & Co. to build a new 255-room Hilton-branded hotel in Bloomington, Minn., a southern suburb of Minneapolis. Officials with W.P. Carey said the investment was made because of the property's prime location, brand and high-quality amenities.

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