Hyatt Announces Opening of New Dallas Hotel
342-Room Hotel Becomes the First Hyatt Regency in North Dallas
CHICAGO--(BUSINESS WIRE)--Global Hyatt Corporation today announced the opening of Hyatt Regency North Dallas, a 342-room hotel located in Richardson's telecom corridor.
The 17-story hotel is owned and operated by Noble Investment Group ("Noble"), who after acquiring the former Richardson Hotel in November 2007, invested $6.4 million in enhancements, which will include a stylish upscale contemporary decor, fully integrated Hyatt check-in kiosks and Hyatt's signature Regency Club. The guest rooms will feature the plush Hyatt Grand Bed™ and large flat panel TVs. Along with the meeting and banquet space upgrades, the fitness and business centers have been outfitted with new equipment and technology featuring dynamic video presentation.
Hyatt Regency North Dallas offers state-of-the-art technology and sophisticated business and leisure facilities. The hotel offers 13,000 square feet of meeting and banquet space, including the 7,800 square foot Texas Ballroom, the premier venue in northeast Dallas for meetings and social events. The hotel's large guestrooms feature custom-designed furniture, and oversized work areas with ergonomic chairs.
This is the third Hyatt hotel acquired by Noble in the last 12 months, all of which are under long-term license agreements. In addition, Noble will soon complete its repositioning of six owned AmeriSuites hotels to Hyatt Place™ for an opening next month.
Hyatt Regency North Dallas/Richardson is the 10th Hyatt-branded hotel in the Dallas/Fort Worth Metroplex.
Noble Investment Group sponsors a series of private equity real estate funds and is an integrated operating and development organization that specializes in making value-added investments in hotels and resorts throughout North America. An award winning operator of more than 8,000 hotel and resort guest rooms, convention and conference centers with approximately 1,000,000 sq. ft. of meeting space, as well as championship golf, day and resort spa's, upscale restaurants, and branded retail coffee stores, Noble and its predecessors have realized superior risk-adjusted returns while acquiring and developing nearly $2 billion in lodging and hospitality assets. Noble's current discretionary private equity fund represents $310 million of equity commitments and the organization expects to invest more than $1 billion in assets during the next two years. www.nobleinvestment.com
About Global Hyatt Corporation
Global Hyatt Corporation, one of the world's premier hotel companies, offers today's travelers more than 730 hotels and resorts (more than 140,000 rooms) in more than 45 countries. The company's affiliates own, operate, manage and franchise Hyatt-branded hotels and resorts under Park Hyatt™, Grand Hyatt™, Hyatt Regency™, Hyatt Resorts™, Hyatt®, Hyatt Place™ and Hyatt Summerfield Suites® brands, as well as the company's newest global luxury brand, Andaz™, which recently opened its first property in London. Global Hyatt Corporation is also the owner of Hyatt Vacation Ownership, Inc. operator of Hyatt Vacation Club and fractional residential properties and U.S. Franchise Systems, Inc, which franchises Hawthorn Suites and Microtel Inns and Suites. From the U.S. and Canada, reservations for any Hyatt hotel worldwide may be obtained by calling 1-800-233-1234, or logging on to www.hyatt.com.