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| Hyatt Regency Denver Tech Center Hotel, 7800 East Tufts Avenue, Denver, CO |
DENVER, CO and ATLANTA, GA, Sept. 23, 2013—Davidson Hotels
& Resorts (Davidson), one of the nation’s largest hotel management
companies, today announced that it has taken over management of the 451-room Hyatt
Regency Denver Tech Center in Colorado.
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| Steve Margol |
This is the second hotel that Davidson manages on behalf of
the hotel’s owner, JMI Realty, a real estate investment and development company
specializing in lodging and urban redevelopment.
“Davidson has amassed one of the highest-quality
full-service portfolios in the industry and ranks as the largest independent
operator of full-service Hyatt’s in the nation ,” said Steve Margol,
Davidson’s chief investment officer.
“Our in-depth
experience operating Hyatt hotels, combined with JMI Realty’s planned
renovation of the meeting space will
allow us to solidify the Hyatt’s position as a leading property in the
marketplace.”
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| Greg Clay |
“Davidson’s reputation as a top-of-class operator speaks for
itself. Their unique expertise managing many full-service Hyatt branded hotels
made them a logical choice for us in Denver.
We look forward to expanding our relationship with this premier asset,”
said Greg Clay, JMI Realty’s chief investment officer.
Located at 7800 East Tufts Avenue, the 11-story hotel
is ideally situated at the corner of I-25 and 225 Highways, convenient to downtown Denver, the Denver International Airport and minutes from the Belleview light rail station.
The seller was advised exclusively on the transaction by
HREC Investment Advisors, the brokerage side of Hospitality Real Estate
Counselors, headquartered in Greenwood Village, Colo.
For a complete copy of the company’s news release, please
contact:
Cyndi Norwood
Davidson
Hotels & Resorts
(678) 349 0909
Chris Daly (media)
Daly Gray Public Relations
(703) 435-6293
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