MinnesotaHospitality Pebblebrook closes sale of Grand Hotel Minneapolis December 18, 2018 Share on Facebook Share on Twitter Share on LinkedIn Share via email Pebblebrook Hotel Trust recently closed on the sale of the 140-room Grand Hotel Minneapolis in Minneapolis for $30 million. The sale price of $30 million includes the 140-room hotel and the 57,000-square-foot fitness center, which is fully leased to a third-party tenant until June 2019. Proceeds from the sale of the Grand Hotel Minneapolis will be utilized for general business purposes that may include reducing the company’s outstanding debt.