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Second quarter profits up at Hyatt

Second quarter profits up at Hyatt

5 August 2010 Hotel News

Hyatt Hotels has returned to profit for the second quarter of financial 2010 as demand around the world increases. With RevPAR increasing in North America and - significantly - around the world, the Chicago-based chain is at the forefront of the recovery in the sector.

Chesapeake Lodging Trust Acquires Hyatt Regency Boston

Chesapeake Lodging Trust Acquires Hyatt Regency Boston

22 March 2010 Press Release Hotel News

Chesapeake Lodging Trust, a lodging real estate investment trust, and Hyatt Hotels Corporation announced that Chesapeake Lodging Trust has acquired the 498-room Hyatt Regency Boston for a purchase price of $112 million, or approximately $225,000 per key, and will invest additional capital in renovations in the hotel, which is located in Boston, Mass. The companies have entered into a long-term management agreement and Hyatt will continue to operate the hotel under the Hyatt Regency flag.