Adaptive re-use project includes redevelopment of an existing
24-story office building connected to Hyatt Regency New Orleans
CHICAGO--(BUSINESS WIRE)--
Hyatt
Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate
has entered into a management agreement with an affiliate of Waypoint
NOLA, LLC for a Hyatt House hotel in New Orleans. The project, an
adaptive re-use of an existing 24-story office building, includes the
redevelopment and renovation of seven floors located within the
building, with the lobby to be located on the 11th floor and the
guestrooms on floors 12-17. Additionally, a second-floor sky bridge will
connect the building to Hyatt
Regency New Orleans, which reopened in 2011 following a $275
million redesign and revitalization.
“It has been inspirational to witness Hyatt Regency New Orleans flourish
into an integral component of the city’s hospitality and tourism
industries,” said
Christopher Robertson
, owner and developer of Waypoint
NOLA, LLC. “Encouraged by this outstanding success, I am pleased to
introduce the Hyatt House brand to this thriving market. We envision
multiple impacts for this property including supporting the expanding
group sales efforts at Hyatt Regency New Orleans, providing New Orleans
with diversity in room product, accommodating extended stay hotels for
the city’s advancing medical district, and increasing accessibility to
the vibrant sports and entertainment district.”
“We are delighted to be working with
Chris Robertson
on this project.
This opportunity allows us to grow our relationship with a valued Hyatt
owner, and to contribute to the ongoing economic success of New
Orleans,” said
Jason Gregorek
, vice president, real estate and
development for Hyatt. “This hotel will play an integral role in
continuing to attract visitors to the city, and we look forward to
introducing the Hyatt House brand to New Orleans.”
Expected to open in 2015, the 194-room, the hotel will be located at
Poydras Street and Loyola Avenue, across from the Poydras Street Station
streetcar line. Situated in the vibrant sports and entertainment
district in downtown New Orleans, the hotel will be adjacent to the
Mercedes-Benz Superdome, New Orleans Arena and the new Medical District;
and just blocks from the French Quarter, Morial Convention Center and
Mississippi Riverfront.
About Hyatt House
Launched in 2012, the Hyatt House brand was designed to welcome
residents rather than guests. Inspired by extensive research of guest
experiences, Hyatt House hotels are designed to surprise and delight
with services, amenities, upscale spaces and a casual, comfortable
environment that will remind guests of home. Residentially inspired
studios, one- and two-bedroom suites feature contemporary full kitchens,
living space with flat panel HDTVs and bedrooms with a plush bed.
Complimentary Wi-Fi is available throughout the hotel. A complimentary
Morning Spread, full hot breakfast, is served daily as well as a
complimentary Evening Social with savory bites, beer and wine. In lieu
of the Evening Social, some locations have an H BAR featuring the
Sip+Savor menu and full bar. Public spaces include a 24-hour workout
room, Guest Market and laundry facilities. A friendly House Host is
available to check-in guests, provide directions or help with other
needs so guests feel right at home. The brand is committed to helping
guests keep their real-life routines rolling while on the road. The
Hyatt House brand offers more than 50 locations throughout the United
States. To learn more about Hyatt House or to book a reservation visit www.hyatthouse.com.
About Waypoint NOLA, LLC
Waypoint NOLA, LLC is a development firm focused on creating and owning
select service and extended stay hotels. Waypoint’s unique proposition
and approach, as a development group, is to locate underutilized
commercial real estate properties, and provide an avenue for value
realization. Led by professionals with extensive development, finance
and real estate knowledge and expertise, Waypoint’s team based approach
to project development will allow it to find best fit, unique
opportunities for each hotel. This experience based approach allows
investments to not only rely on pure real estate location, but also on
the performance and demand for hospitality in each specific market, as
well as the expected future needs due to factors like civic
convention center expansions, hospital construction, and growth needs of
education institutions.
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 manage,
franchise, license, own and develop hotels, resorts, branded residences
and vacation ownership properties 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 June 30, 2014, the Company's
worldwide portfolio consisted of 563 properties in 48 countries. For
more information, please visit www.hyatt.com.
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differ materially from current expectations include, among others, the
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Source: Hyatt Hotels Corporation