Global Hyatt Corporation announced today that it has received twenty applications in total from both developers and joint-venture development partnerships to build Hyatt Place hotels, Hyatt’s new entry into the select service segment.
CHICAGO--March 21, 2006 --Dorado Beach Hotel Corporation, owner of Hyatt Dorado Beach Resort & Country Club, announced today that it will cease operation of Hyatt Dorado Beach Hotel and terminate its management agreement with Hyatt Hotels Corporation, effective May 31, 2006.
Global Hyatt Corporation and JER Partners today announced the March 13, 2006 purchase closing of London’s Great Eastern Hotel from Conran Holdings and the Blackstone Group for ₤150 million. The joint acquisition between Global Hyatt and JER was first announced in midFebruary 2006.
Strategic Hotel Capital, LLC announced today it has sold Park Hyatt San Francisco to HEI Hospitality, LLC. Hyatt Corporation will no longer manage the hotel, effective May 9, 2006, following Strategic Hotel Capital’s sale of the property to HEI Hospitality.
Today, Chicagobased Global Hyatt Corporation announced the name of the Company’s new upscale extended stay brand as Hyatt Summerfield Suites.