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Located close to Minnewaska Lake is the Hotel Ivy, a Luxury Collection Hotel, Minneapolis and Residence Inn By Marriott Minneapolis Downtown, while the Loews Minneapolis Hotel and Residence Inn Minneapolis Downtown at The Depot by Marriott are near New Century Theatre.
The Radisson Blu Minneapolis Downtown and Kimpton Grand Hotel Minneapolis in Downtown Minneapolis could suit your needs for those visitors who are after a place to lay your head that is a bit more high-end.
If you aren't that keen on embarking on a trek to visit, consider the close by Renaissance Minneapolis Hotel, The Depot and The Westin Minneapolis. The DoubleTree Suites by Hilton Minneapolis Downtown and Millennium Minneapolis are fairly close by, so you won't find an excuse to not visit this spot.
After a morning of wandering around Downtown Minneapolis, head to Caribou Coffee for a cup of coffee and a treat. When something more substantial is needed, then try The Westin Minneapolis for a satisfying dinner. End a relaxing day at Devil's Advocate, a watering-hole where locals meet for a night out.