Hyatt to buy Birmingham property

Hyatt Hotels Corporation has purchased the Hyatt Regency Birmingham hotel for around £26m ($43m).

Hyatt to buy Birmingham property
Hyatt to buy Birmingham property
The hotel has operated as Hyatt Regency Birmingham since its opening in 1990. Through its affiliates, Hyatt was one of the original co-owners, and since 2002 the hotel has been operated under a third-party management agreement.

Starting in 2013, a Hyatt affiliate plans to invest approximately £6.2m ($10m) to renovate the hotel.

Hyatt Regency Birmingham is a modern, four-star 319-room hotel that enjoys a central location adjacent to Centenary Square.

"The team at the hotel is delighted at the news that a Hyatt affiliate has purchased the hotel, and as one of the most popular hotels in the city amongst both business and leisure guests, we have a proud history of hospitality in Birmingham and look forward to the exciting times ahead," said Tim Flodin, general manager, Hyatt Regency Birmingham.

"At Hyatt Regency Birmingham, we are committed to supporting the local community, working closely with surrounding businesses, colleges and charities, including the Queen Elizabeth Hospital, Stourbridge College, University College Birmingham and catering college KHCSC."

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