Hyatt Place Continues Strong Growth in First Half of 2007
JUNE 28, 2007. Hyatt Place today announced its development results for the first half of 2007 with an additional 20 new build hotels, bringing the total number of new build Hyatt Place projects under development to 50 hotels. These new projects - which include the first Hyatt Place hotels in major metropolitan markets - will add to Hyatt Place's rapidly growing portfolio, which will reach 120 hotels nationwide by year-end 2007.
"The Hyatt Place hotels already open confirm what our initial research revealed - that Hyatt Place has effectively created a new category in the upscale select service market by catering to today's 24/7 lifestyle," said Chris Ivy, senior vice president of development for Hyatt Place and Hyatt Summerfield Suites(R). "The response to the hotels we have open today have exceeded not only our expectations on every level but consumers' and the industry's expectations as well, and that success coupled with our strong performance is allowing us to work with today's most respected, prominent hotel developers."
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