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Duluth Radisson purchase price was $8.2 million

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business Duluth, 55802

Duluth Minnesota 424 W. First St. 55802

When the sale of the Duluth Radisson hotel closed last month, the purchase price wasn’t revealed.

St. Louis County property records now show the sale price as $8.2 million. In comparison, the initial listing price in early 2013 was $9.5 million through a broker

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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

April 10.

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.

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