Mortenson Pitches $63M Hotel For Vikings Arena Complex

Law360, New York (February 6, 2014, 4:40 PM EST) -- Aiming to add to its sizable development pipeline, a unit of Mortenson Construction has pitched a $63 million hotel project in Minneapolis to complement the $975 million Minnesota Vikings stadium that Mortenson is also building, the city revealed Wednesday.

Mortenson has put in a bid to win land and air rights being auctioned off by Minneapolis and is proposing a 300-room complex that would boast two Marriott International Inc. brands, according to city documents. It faces stiff competition, however, as Ryan Cos. — which is developing...
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