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That same month, Hyatt Regency Orlando, one of the region’s largest convention hotels, was sold for $1.02 billion to Los Angeles-based Ares Management and Houston-based Rida Development — the nation's highest hotel sale in 2024. [31] The sale of the 1,641-room hotel at 9801 International Drive came to about $622,000 per guest room.
In 2005, the Hyatt Regency was renamed the Sheraton Los Angeles Downtown. Bally Total Fitness (which occupied the Oshman's space) closed and re-opened as LA Fitness in 2012. In 2013, Macy's Plaza was acquired by Ratkovich, who announced plans to remodel the imposing and aging "monolithic" red brick fortress-like building, with a more open plan. [6]
McCormick Square flanked by the West Building (left) and Hyatt Regency Hotel Grand concourse looking west in 2007 On August 2, 2007, McCormick Place officials opened yet another addition to the complex, the West Building, also designed by tvsdesign and costing $882 million and completed eight months ahead of schedule.
Sunstone Hotel Investors Inc. bought the Hyatt Regency Century Plaza in 2005 for US$293 million and then spent $22 million upgrading the guest rooms and common areas. On June 1, 2008, Sunstone sold the Hyatt Regency Century Plaza to Next Century Associates for $366.5 million, $505,000 per room, one of the highest paid for a hotel in California. [3]
Hyatt Regency is a brand of hotels under the Hyatt banner. The brand contains 211 locations in 189 cities over 40 countries, [ 1 ] [ 2 ] and is one of the company's 14 hotel brands overall. [ 2 ] It tends to cater to business travelers.
Marriott Hotels & Resorts is Marriott International's brand of full-service hotels and resorts based in Bethesda, Maryland.As of June 30, 2020, there were 582 hotels and resorts with 205,053 rooms operating under the brand, in addition to 160 hotels with 47,765 rooms planned for development.
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