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The BEAR analysis said that hotel and airport payroll costs would increase by 32%, consumer prices at businesses paying the wage would increase 6%, and that consumer spending would be $21 million ...
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Hyatt did so, and the hotel sold on August 8, 1995. The price of $194,196 per room was 21.3 percent higher than the $160,000 per room that other recent hotel sales in the city garnered, and industry observers called the price "very high". [18] In 2002, Hyatt Hotels completed the Residences at Park Hyatt Washington.
The reported price of the sale was $5.7 million for the $8.5 million hotel. [15] But in fact, costs had risen much higher, and the hotel's final cost was closer to $11 million ($191,111,954 in 2023 dollars).
The Regent was the most expensive hotel ever built in the Washington, D.C., metropolitan area (when judged on a cost-per-room basis). [ 9 ] Construction of the hotel helped complete a rapid transformation of the West End neighborhood that began in 1983. [ 6 ]