Saint Paul Hotel sold to local investor group
Travelers Insurance has sold the Saint Paul Hotel at 350 Market St. to a local investor group led by Minnesota Wild owner Craig Leipold, the parties announced.[1]
The ownership group also includes Ecolab, Securian and three St. Paul developers, the report said.[1] Ramsey County values the property at $16.9 million for 2026, though the parties did not disclose the purchase price.[1] The new owners plan full-room renovations, a redesigned lobby, an upgraded fitness center and new bar and dining offerings while retaining Morrissey Hospitality as the hotel operator.[1]
Travelers Insurance was the seller in the transaction and negotiated the transfer to the local investor group, according to the reporting.[1] The story did not disclose a sale price or a timeline for the planned renovations.[1]
The buyers said their upgrades aim to refresh the century-old downtown property and boost its food, drink and fitness offerings while keeping existing management in place.[1]
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📌 Key Facts
- Travelers Insurance sold the Saint Paul Hotel at 350 Market St. to a local group led by Wild owner Craig Leipold and including Ecolab, Securian and three St. Paul developers.
- Ramsey County values the property at $16.9 million for 2026, though the parties did not disclose the purchase price.
- The new owners plan full-room renovations plus a redesigned lobby, upgraded fitness center and new bar and dining offerings, while retaining Morrissey Hospitality as operator.
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