As a part of our vision for economic diversification, Mille Lacs Corporate Ventures is charged with identifying new potential investments, as well as looking critically at existing assets to maximize their value and productivity. We have been working on big things. Here’s what’s next:
Eddy’s Resort was razed in 2014 and is being rebuilt from the ground up. The new resort, opening to the public on May 5, 2015 will have 64 rooms, 1 Parlour Suite, The Launch Bar & Grill, marina services and a retail/bait shop. For more information, check out Eddy’s website at www.eddysresort.com.
The 22-story, 468-room Crowne Plaza Saint Paul Riverfront Hotel is in the process of being converted into an InterContinental hotel. As the only InterContinental hotel in the state, the completion of the multi-million dollar renovation in 2015 will usher in a new era of luxury for Minnesota’s capital city.
Each room will receive a complete overhaul, including a new expanded bathroom, new furniture and fixtures. Other common areas such as the lobby and meeting spaces will be upgraded and a new bar and restaurant concept will be announced soon.
MLCV developed a commercial laundry facility in the city of Hinckley, Minn. This new business employs 24 people and processes all of the linens for the company’s hospitality assets. This facility has created new jobs and opportunities in the Hinckley and was built to have capacity to take on future MLCV expansion as well as outside customers.
MLCV completed a Medical Office Building in Hinckley that will service Grand Casino Hinckley Associates and area residents.
MLCV has a long standing partnership with Gateway Family Health Clinic through its Grand Casino Hinckley property. We know firsthand the commitment they bring to the health and well-being of our community members. So when they were looking to expand space at Grand Casino Hinckley, MLCV offered to build this facility.
This opportunity will not only help meet the needs of our Associates, but it’s also part of our long-range plan for development in this area.
Mille Lacs Corporate Ventures has entered into a long-term lease agreement with Gateway Family Health Clinic along with their sub-tenants.
The health clinic, eye clinic and pharmacy will be open to the public on February 2, with the other services following later in the spring.
Copyright 2016. All rights reserved