Plans for a new hotel in Eagan — the first in the city since 2002 — appear to be moving forward in the Cedar Grove redevelopment area.
The Economic Development Authority last week approved a plan for a 123-room limited service hotel to be developed by St. Paul-based Morrissey Hospitality Companies. The company manages several hotels, including the St. Paul Hotel and Hotel Minneapolis.
The EDA also directed city staff members to prepare an agreement to sell Morrissey a nearly one-acre site for about $491,000 and pay an additional $489,000 for the use of 129 stalls in an adjacent parking garage.
The hotel site is next to the Paragon Outlet Mall, now under construction by Baltimore-based Paragon Outlet Partners. The parcel makes up about half of a 1.8-acre site. The city would keep the other half for future development, possibly a second hotel.
In documents filed with the city, Morrissey said its new hotel would be an extended-stay establishment, possibly operated under the Hilton Home 2 banner. The all-suite hotel would have an indoor pool and about 3,000 square feet of meeting and event space.
Morrissey said it would like to begin work on the hotel in the spring of 2014 and open it in the spring of 2015.
A hotel has been a high priority in Cedar Grove. The city is expecting an increase in out-of-town visitors when the upscale outlet mall opens next year.
Lakeville homebuilding
Lakeville is heading into the final month of 2013 as the metro area's leading homebuilding market, according the latest Keystone Report for the Builders Association of the Twin Cities.
