The La Quinta Inn & Suites on West American Boulevard in Bloomington just changed hands for $9.75 million, a steep slide from what it commanded a few years ago. The 233‑room high‑rise, tucked near Normandale Lake, is one of the largest limited‑service hotels in west Bloomington, which makes the price drop especially hard to miss.
According to the Minneapolis/St. Paul Business Journal, the sale closed earlier this week at $9.75 million. The outlet framed the deal as a notable markdown compared with what investors were willing to pay for the same asset four years ago, tying the shift to changing appetite for midscale hotels in the Twin Cities.
Commercial listings and public records describe the property as a multi‑story hotel with 233 guest rooms and roughly 17–18 floors. Listing materials on LoopNet lay out parcel details, assessment figures and its positioning in the Normandale Lake submarket…