CHICAGO--(BUSINESS WIRE)--
Hyatt Hotels Corporation (NYSE: H) today announced that its affiliates
have closed on the previously announced sale of 38 hotels to a company
organized by Lone Star Funds (the “Purchaser”). The portfolio of 38
hotels (the “Hyatt Portfolio”) consists of Hyatt Place and Hyatt House
hotels totaling 4,950 rooms. As part of the sale, Hyatt has entered into
franchise agreements with the Purchaser, with all hotels retaining their
existing Hyatt Place and Hyatt House branding.
The total proceeds from the sale of the Hyatt Portfolio, which is
comprised of the hotels listed below, were approximately $590 million.
The Purchaser intends to spend approximately $50 million in additional
capital expenditures across the Hyatt Portfolio over the next 24 months.
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Property
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City
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State
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Rooms
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Hyatt House Boston/Burlington
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Burlington
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MA
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150
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Hyatt House Branchburg
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Branchburg
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NJ
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139
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Hyatt House Sterling/Dulles Airport-North
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Sterling
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VA
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162
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Hyatt House Fishkill/Poughkeepsie
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Fishkill
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NY
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135
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Hyatt House Morristown
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Morristown
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NJ
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132
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Hyatt House Raleigh Durham Airport
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Morrisville
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NC
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141
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Hyatt House Parsippany-East
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Parsippany
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NJ
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140
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Hyatt House Parsippany Whippany
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Whippany
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NJ
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135
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Hyatt House Philadelphia/Plymouth Meeting
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East Norriton
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PA
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131
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Hyatt House Richmond-West
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Richmond
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VA
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134
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Hyatt House Shelton
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Shelton
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CT
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127
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Hyatt Place Albuquerque Airport
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Albuquerque
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NM
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127
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Hyatt Place Atlanta/ Alpharetta/Windward Parkway
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Alpharetta
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GA
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127
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Hyatt Place Atlanta/ Norcross/Peachtree
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Norcross
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GA
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126
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Hyatt Place Birmingham/Inverness
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Birmingham
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AL
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126
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Hyatt Place Boise/Towne Square
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Boise
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ID
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127
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Hyatt Place Charlotte Airport/Tyvola Road
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Charlotte
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NC
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127
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Hyatt Place Chicago/Itasca
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Itasca
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IL
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126
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Hyatt Place Cincinnati Airport/Florence
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Florence
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KY
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126
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Hyatt Place Cincinnati- Northeast
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Mason
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OH
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127
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Hyatt Place Cleveland/ Independence
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Independence
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OH
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127
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Hyatt Place Denver Airport
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Aurora
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CO
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126
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Hyatt Place Detroit/Auburn Hills
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Auburn Hills
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MI
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127
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Hyatt Place Detroit/ Livonia
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Livonia
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MI
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127
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Hyatt Place Lakeland Center
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Lakeland
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FL
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127
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Hyatt Place Louisville-East
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Louisville
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KY
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121
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Hyatt Place Memphis/ Primacy Parkway
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Memphis
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TN
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126
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Hyatt Place Mystic
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Mystic
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CT
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79
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Hyatt Place Oklahoma City Airport
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Oklahoma City
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OK
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126
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Hyatt Place Omaha/
Downtown-Old Market
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Omaha
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NE
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159
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Hyatt Place Nashville/ Brentwood
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Brentwood
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TN
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124
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Hyatt Place Nashville/ Opryland
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Nashville
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TN
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123
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Hyatt Place Pittsburgh Airport
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Pittsburgh
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PA
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127
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Hyatt Place Pittsburgh/ Cranberry
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Cranberry Township
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PA
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127
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Hyatt Place Richmond/ Arboretum
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Richmond
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VA
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127
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Hyatt Place Sacramento/ Rancho Cordova
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Rancho Cordova
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CA
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127
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Hyatt Place Secaucus/ Meadowlands
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Secaucus
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NJ
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159
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Hyatt Place Tampa/ Busch Gardens
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Tampa
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FL
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126
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The term “Hyatt” is used in this release for convenience to refer to
Hyatt Hotels Corporation and/or one or more of its affiliates.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a proud heritage of making guests feel more
than welcome. Thousands of members of the Hyatt family strive to make a
difference in the lives of the guests they encounter every day by
providing authentic hospitality. The Company’s subsidiaries develop,
own, operate, manage, franchise, license or provide services to hotels,
resorts, branded residences and vacation ownership properties,
including under the Hyatt®, Park Hyatt®, Andaz®, Grand
Hyatt®, Hyatt Regency®, Hyatt Place®, Hyatt House®,
Hyatt Zilara™, Hyatt Ziva™, Hyatt Residences® and Hyatt
Residence Club® brand names and have locations on six
continents. As of September 30, 2014, the Company's worldwide portfolio
consisted of 573 properties in 48 countries. For more information,
please visit www.hyatt.com.
Source: Hyatt Hotels Corporation