Hyatt Regency Houston Galleria to Open in 2015
CHICAGO - October 27, 2014 - (BUSINESS WIRE) - Hyatt Hotels Corporation (NYSE:H) today announced that a Hyatt affiliate has entered into a franchise agreement with Songy HighRoads, a commercial real estate development firm based in Atlanta, Ga., to develop Hyatt Regency Houston Galleria. The hotel will be managed by Aimbridge Hospitality and is scheduled to open in fall 2015.
"The Galleria area is one of Houston's most important commercial sub-markets, and we are delighted to be bringing the Hyatt Regency brand, in tandem with Aimbridge Hospitality as our hotel manager, to business and leisure travelers visiting the area."
Hyatt Regency Houston Galleria is being built near the Houston Galleria shopping mall at 2626 Sage Road, on the northwest corner of Sage Road and West Alabama Street. It is part of the 7.6-acre, mixed use development, Galleria Plaza, which includes a Whole Foods Market, multiple high-end retail and specialty stores, luxury apartments, and multiple recently completed office towers. The 325-room, 14-story hotel will feature more than 12,000 square feet of meeting and conference space as well as a large fitness center overlooking the pool deck.
"We began construction of Hyatt Regency Houston Galleria in December 2013, and are looking forward to a fall 2015 opening," stated Todd Nocerini, Chief Operating Officer, Songy HighRoads. "The Galleria area is one of Houston's most important commercial sub-markets, and we are delighted to be bringing the Hyatt Regency brand, in tandem with Aimbridge Hospitality as our hotel manager, to business and leisure travelers visiting the area."
"The Galleria area of Houston offers an incredible opportunity to interface with the formidable office and retail population in the vicinity. We are pleased to add Hyatt Regency Houston Galleria to our portfolio, and look forward to working with the great team at Songy HighRoads," stated Dave Johnson, president and Chief Executive Officer of Aimbridge Hospitality.
David Tarr, senior vice president, real estate and development for Hyatt, stated, "Finding a suitable opportunity to introduce the Hyatt Regency brand has been a high priority for the company, as we seek to thoughtfully expand our brand presence in the Houston metropolitan area. We are excited to be a part of this project with the very accomplished team of Songy Highroads and Aimbridge Hospitality, and look forward to giving our guests a terrific new lodging option at the Galleria."
About Songy HighRoads LLC
Songy HighRoads LLC is a commercial real estate firm based in Atlanta, Ga. specializing in the acquisition and development of office, hospitality and mixed-use projects in the southeastern U.S. Since 1992, their principals have acquired and/or developed more than 5 million square feet with nearly $1 billion in project investment completed or underway. The firm has closed on more than $325 million in projects during 2013 in Houston, Washington, D.C., New Orleans and Baton Rouge.
About Aimbridge Hospitality
Aimbridge Hospitality is the nations’ second largest independent hotel investment and management firm with a proven track record for delivering superior returns for its strategic partners in a variety of markets and economic cycles. Aimbridge provides management, asset management, development, renovation and consulting services. Based in Dallas, Texas and with development offices in Chicago, Dallas and Puerto Rico, Aimbridge currently owns and/or manages over 200 upscale, independent and branded hotels with nearly 27,000 rooms across the United States and the Caribbean, including such affiliations as Marriott, Hilton, Embassy Suites, Doubletree, Hilton Garden Inn, Hampton Inn & Suites, Aloft, Hyatt, Wyndham, Choice Hotels and the Phoenix Inn Suites chain of hotels. For more information on Aimbridge Hospitality, please visit www.aimbridgehospitality.com.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a proud heritage of making guests feel more than welcome. Thousands of members of the Hyatt family strive to make a difference in the lives of the guests they encounter every day by providing authentic hospitality. The Company's subsidiaries manage, franchise, license, own and develop hotels, resorts, branded residences and vacation ownership properties under the Hyatt®, Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place®, Hyatt House®, Hyatt Zilara™, Hyatt Ziva™, Hyatt Residences® and Hyatt Residence Club® brand names and have locations on six continents. As of June 30, 2014, the Company's worldwide portfolio consisted of 563 properties in 48 countries. For more information, please visit www.hyatt.com.
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