Hyatt Corporation announces that an affiliate formed a joint venture with White Lodging

4th May 2011
Hyatt Corporation announces that an affiliate formed a joint venture with White Lodging

“We are thrilled to be working with White Lodging on this property,” said Chris Ivy, senior vice president, real estate and development for Hyatt Hotels & Resorts, “This is a great opportunity to expand our relationship with White Lodging.”  The number of Hyatt Place locations continues to grow, with more than 160 hotels open in the U.S. and more than 30 under development throughout the U.S., India, the Netherlands, Panama and Costa Rica.

Construction of Hyatt Place Austin Downtown is expected to start in third quarter 2011 and the hotel is anticipated to open in 2013.  The stand-alone 14-story building will have 296 hotel rooms and will be located within steps of the Austin Convention center.

There are currently five Hyatt hotels in the Austin area, including Hyatt Regency Austin, Hyatt Regency Lost Pines, Hyatt Place Austin – North Central, Hyatt Place Austin/Arboretum and Hyatt Summerfield Suites Austin/Arboretum, which is operated by White Lodging, as are Hyatt Summerfield Suites Houston/Galleria, and Hyatt Summerfield Suites Colorado Springs.  “We are committed to doubling our current managed revenue to $1.5 billion by 2015 and anticipate this expanded relationship with Hyatt to be a major factor in reaching our goal,” said Deno Yiankes, president & CEO, investments and development for White Lodging.

Launched in 2006, Hyatt Place brings to the upscale select-service hotel category the authentic hospitality for which Hyatt is known.  Inspired by multitasking travellers’ 24/7 lifestyle, Hyatt Place combines stylish design and practical amenities with forward-thinking technology and purposeful service.  Hyatt Place hotels feature complimentary Wi-Fi access, complimentary continental breakfast, a [email protected] fitness center, a coffee and wine bar serving specialty coffees and premium wine and beer, and a Grab ’n Go case stocked with freshly made sandwiches and salads. Guest Kitchens offer made-to-order breakfast, lunch and dinner entrées around the clock. Specially trained gallery hosts offer assistance with everything from directions to check-in to a freshly made meal.


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