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Hyatt to buy Birmingham property

CIT Magazin
Hyatt to buy Birmingham property - Hyatt - Birmingham - hotels

Hyatt Hotels Corporation has purchased the Hyatt Regency Birmingham hotel for around £26m ($43m).

The hotel has operated as Hyatt Regency Birmingham since its opening in 1990. Through its affiliates, Hyatt was one of the original co-owners, and since 2002 the hotel has been operated under a third-party management agreement.

Starting in 2013, a Hyatt affiliate plans to invest approximately £6.2m ($10m) to renovate the hotel.

Hyatt Regency Birmingham is a modern, four-star 319-room hotel that enjoys a central location adjacent to Centenary Square.

"The team at the hotel is delighted at the news that a Hyatt affiliate has purchased the hotel, and as one of the most popular hotels in the city amongst both business and leisure guests, we have a proud history of hospitality in Birmingham and look forward to the exciting times ahead," said Tim Flodin, general manager, Hyatt Regency Birmingham.


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