Duluth Radisson purchase price was $8.2 million
When the sale of the Duluth Radisson hotel closed last month, the purchase price wasn’t revealed.
for former owner Trinity Hotel Investors.
Kaeding Management of Bloomington, Minn., purchased the iconic round 288-room hotel in downtown Duluth as Duluth Hotel Ventures LLC, with the sale closing on
The new owners plan to update the rooms, do other remodeling and improve guest parking.
Last year the hotel closed for three months while it underwent
$3 million in utility overhauls after a waterline break flooded the basement mechanical room, causing extensive damage.The hotel, at 505 W. Superior St., last sold in 2007 for $5.8 million.