The 48-year-old hotel is currently bank-owned and listed for sale at $15.5 million by a brokerage te

The 48-year-old hotel is currently bank-owned and listed tour buses in alaska for sale at $15.5 million by a brokerage team with the local office of CB Richard Ellis. While the 255-room hotel is still operating, it is being marketed for redevelopment.
The 48-year-old hotel is currently bank-owned and listed for sale at $15.5 million by a brokerage team with the local office of CB Richard tour buses in alaska Ellis. While the 255-room hotel is still operating, it is being marketed for redevelopment.
An entity controlled by the Mall of America’s owners paid $19.6 million for the hotel in December tour buses in alaska 2005. The move was seen as a way for the mall’s owners to control surrounding real estate with long-touted plans for a second phase.
A statement from the local office of CB Richard Ellis said the site “provides an ideal opportunity tour buses in alaska for a high-profile hotel or other redevelopment project.” The brokerage team of Richard Palmiter, Brian Pankratz and Larry Kaplan is marketing the property.
“I think it’s a great site, but for new development, that’s tough,” said Paul Wischermann, president of Minnetonka-based Wischermann Partners, a hospitality development and management consulting company.
The Ramada was known for decades as the Thunderbird Motel, an iconic venue decorated with a host of Native American images tour buses in alaska and artifacts. In another era, the motel was close to both Metropolitan Stadium and the Met Center sports arena in Bloomington.
Construction is currently under way on the luxury 501-room Radisson Blu hotel on the southern side of the Mall of America. The $137.5 million project got a financing boost from $40.3 million in federal stimulus bonds.
The Ramada’s tour buses in alaska business address is 2300 American Blvd. E. The property’s main tax address is 2201 78 th St. E, but the site includes parcels at 2115 78 th St. E. and 2351 78 th St. E. The site totals 11.57 acres across the street from the planned second phase of the Mall of America.
There are also height limits on the site, given its proximity to the north-south runway tour buses in alaska at the Minneapolis-St. Paul International Airport. Markegard said that on the far eastern side of the site, the maximum building height would be about 55 feet. On the far western tour buses in alaska side, the maximum height would be about 165 feet.