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| Hyatt Regency Indianapolis |
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| John Belden |
INDIANAPOLIS, IN —Executives
of Davidson Hotels & Resorts, one of the nation’s largest, independent
hotel management companies, and Silverpeak Real Estate Partners, a privately
held real estate investment manager, announced that its joint venture has
acquired the 499-room Hyatt Regency Indianapolis from Hyatt Hotels
Corporation.
Davidson, which facilitated the transaction, also will
operate the hotel, marking the ninth full-service Hyatt branded hotel the
company has managed.
“Davidson has enjoyed a long and successful relationship
with Hyatt, and that familiarity will ensure a seamless transition of ownership
and management," said John Belden, Davidson’s president and
CEO.
“Hyatt has been exceptional in our relationship, and we’re
excited to expand our portfolio with a great property like the Hyatt Regency Indianapolis.
“The property has been an iconic component of the downtown
area, and we look to build upon its success.
Davidson operates one of the highest quality portfolios in the industry,
and the Hyatt Regency will enhance it further.”
“We have been fortunate to initiate a strong partnership
with Silverpeak and look forward to aggressively acquiring many other
high-quality assets in 2015 and beyond,” Belden noted.
The hotel has undergone significant renovations since
2012. Davidson plans further upgrades
to the hotel’s guest rooms and lobby, as well as enhancements to food and
beverage outlets and meeting space.
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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