Craig Leipold, local businesses buy Saint Paul Hotel.
Article excerpt
Craig Leipold, local businesses buy Saint Paul Hotel. The Minnesota Wild owner, Ecolab, and Securian Financial are new owners of the landmark hotel, which will get a major renovation. May 14, 2026 Minnesota Wild owner Craig Leipold, who has lived atop the Saint Paul Hotel for 17 years, will now become majority owner of the distinctive hotel that was built in 1910. Ecolab and Securian Financial are among the downtown St. Paul businesses and local leaders buying the hotel from Travelers Insurance. Also included in the ownership group are St. Paul real estate developers Jim Kelly, Carl Kaeding, and David Williams. The purchase price wasn't disclosed. The local owners announced Thursday that hotel improvements will begin before the end of this year. The upgrades include renovations of all hotel rooms, a reimagined lobby, a modern fitness center, and additional bar and dining experiences. From fast-growing AI startups in Minneapolis to established technology leaders across St. Paul, the Twin Cities have become a hub for data-driven innovation. The downtown St. Paul economy took a nosedive following the onset of the pandemic in 2020, which was exacerbated by the extended absences of government employees who chose remote work over returning to their downtown offices. St. Paul has suffered for years with high vacancy rates for office spaces. But St. Paul business, government...
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It's a privilege to purchase this hotel with Ecolab, Securian, and local real estate developers and invest in the next life of this iconic building.
