Hyatt Regency Orlando

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Hyatt Regency Orlando
Hyatt Regency Orlando hotel (Orlando, Florida) 003.jpg
Hyatt Regency Orlando
Hyatt Regency Orlando
General information
LocationUnincorporated Orange County in Orlando, Florida
Address9801 International Drive
OpeningNovember 1, 1986
OwnerRIDA Development Corporation & Ares Management Real Estate
Management Hyatt Hotels
Height428 ft (130.5 m)
Other information
Number of rooms1641
Website
orlando.regency.hyatt.com

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.

Contents

History

The Peabody Orlando opened on November 1, 1986 as 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] The 2010 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 August 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. [7]

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References

  1. https://newsmakeralert.com/PeabodyOrlando-110311.html
  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.{{cite web}}: CS1 maint: unfit URL (link)
  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. https://newsroom.hyatt.com/hyattregencyorlando [ bare URL ]

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