The Hyatt Regency Orlando is a 32-story, 1641-room resort hotel, directly connected to the Orange County Convention Center, located on International Drive in Orlando, Florida.

History

The hotel opened on November 1, 1986 as The Peabody Orlando, being a brand extension of the original Peabody Hotel in Memphis, Tennessee.[1]

In 2010, a $450 million renovation of the hotel added a 31-story tower that doubled the number of rooms from 891 to 1641 and added a resort pool complex.[2] This tower, standing 428 ft (130 m), is the second tallest building in metropolitan Orlando, surpassed only by the SunTrust Center.[3]

On August 28, 2013, UST Hotel Joint Venture Ltd. sold The Peabody Orlando for $717 million, to Hyatt.[4] The hotel was renamed Hyatt Regency Orlando on October 1, 2013.[5]

In 2024, Hyatt announced that it had agreed to sell the hotel and 45 acres of adjacent land to RIDA Development Corporation and Ares Management Real Estate for $1.07 billion. Hyatt continues operating the hotel through a long-term management agreement. Hyatt president and CEO Mark S. Hoplamazian called this “the largest single-asset sale in Hyatt history.”[6] The new owners announced they will construct a new Grand Hyatt-branded hotel on the adjoining undeveloped land.

In August 2024, it was announced that the RIDA/Aires joint venture had completed the purchase of the hotel.[7]

  • Hyatt Regency Orlando
    Hyatt Regency Orlando
  • Back side of the Original building in 2007
    Back side of the Original building in 2007
  • The new building under construction in April 2009
    The new building under construction in April 2009
  • Expansion Progress in April 2010
    Expansion Progress in April 2010

References

  1. ^ "The Peabody Orlando Celebrates 25th Anniversary".
  2. ^ "Hyatt takes over Peabody, lays off 68 staff".
  3. ^ "The Peabody Orlando Expansion Tower". Archived from the original on January 2, 2013. Retrieved 2011-01-16.
  4. ^ "Hyatt buying Peabody Orlando Hotel for $717 million". CFN13. Retrieved 28 August 2013.
  5. ^ "The Peabody Orlando Sold to Hyatt for $717 Million".
  6. ^ "Hyatt Makes $1.07 Billion Sale of Hyatt Regency Orlando". www.travelmarketreport.com. 2024-08-21. Retrieved 2024-08-22.
  7. ^ "Hyatt Completes Sale of Hyatt Regency Orlando". Lodging. Retrieved 2024-10-31.

28°25′39″N 81°28′06″W / 28.427515°N 81.468462°W / 28.427515; -81.468462


Allikas: https://en.wikipedia.org/wiki/Hyatt_Regency_Orlando
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