A Wisconsin developer has bought a parking lot in downtown St. Paul to build a new hotel.
The Raymond Group, which is based in Middleton, Wis., paid nearly $2.6 million for a surface parking lot on the corner of Jackson Street and E. 9th Street a couple blocks from Mears Park, according to an electronic certificate of real estate value available this month.
The Raymond Group plans to build a 185-room hotel on the site. According to city documents, the hotel would be a 10-story SpringHill Suites.
Read more at Hotel Online News.