• Hyatt sells Grand Hyatt Tampa Bay

Hyatt Hotels has sold the 445-room Grand Hyatt Tampa Bay for $58.5m, to an unnamed investor.

The company will continue to operate the hotel under a long-term management agreement. "The sale of Grand Hyatt Tampa Bay supports our strategy of recycling capital in order to expand the presence of Hyatt hotels in markets in which we are not represented or are underrepresented," said Stephen Haggerty, Hyatt’s global head of real estate and development.

See the full release here:
http://www.hyattpressroom.com/content/hyatt/en/news_releases0/2010/Hyatt-Announces-Sale-of-Grand-Hyatt-Tampa-Bay.html

Share →