Hyatt Hotels Corp. has sold a majority stake in the 533-key Hyatt Regency Minneapolis to a joint venture of Haberhill LLC and Starwood Capital Group.
The sale price was about US$50 million, and a further US$25 million has been committed for a major renovation to include guestrooms, public areas and building systems.
Hyatt retains an ownership stake in the property and will continue to manage it under the Regency flag.
The sale price was about US$50 million, and a further US$25 million has been committed for a major renovation to include guestrooms, public areas and building systems.
Hyatt retains an ownership stake in the property and will continue to manage it under the Regency flag.