Rochester, Minn.-based Mayo Clinic will invest $190 million to add a seven-story hotel and four clinical treatment floors to its Gonda Building.
Here are seven things to know:
1. The Gonda Building, a 21-story structure, serves as the front door to Mayo Clinic's Rochester Campus. It houses a large atrium where patients often start their visit, outpatient clinics and surgery centers. When the project is complete, the building would be 32 stories.
2. The four floors of clinical space would add 200,000 square feet and would serve as a place for cancer patients and outpatient procedures. According to C. Michel Harper Jr., MD, Mayo Clinic's executive dean of practice, the expansion at the Rochester campus is needed because of patient care space constraints.
3. Mayo Clinic is partnering with a Singapore-based real estate developer Pontiac Land to construct the building. The two parties will enter into a joint venture to own and operate the hotel.
"The collaboration will bring together two fields of complementary expertise: medical and hospitality. Each partner will be able to leverage their individual expertise to enhance the patient and guest experience. We are excited about this collaboration and look forward to delivering a distinctive hospitality experience to match Mayo Clinic’s clinical excellence," said Philip Kwee, COO of Pontiac Land.
4. Hospital administrators expect the project to begin late next year or early 2020 and end in 2022.
5. This is the second large project Mayo announced this year. Earlier in September, Mayo Clinic said it would invest nearly $800 million to expand its campuses in Arizona and Florida.
6. It is also the second multimillion dollar investment in its campus in Rochester in less than a year. In late 2017, Mayo Clinic announced it would spend $217 million to modernize its St. Mary's campus in Rochester.
7. According to The Post Bulletin, the City of Rochester has issued about $1.8 billion in bonds for Mayo Clinic in the last nine years. The health system has issued another $1.8 million in bonds directly between 2006 and 2016.