Kolter Hospitality Acquires Hyatt House and Hyatt Place Fort Lauderdale Airport & Cruise Port in Dania Beach
Kolter Hospitality announced the acquisition of Hyatt House Fort Lauderdale Airport & Cruise Port and Hyatt Place Fort Lauderdale Airport & Cruise Port, located in Dania Beach. The deal with Blackstone will bring a total of 292 rooms to Kolter Hospitality's growing portfolio.
The hotels are:
- Hyatt House Fort Lauderdale Airport & Cruise Port at 90 S.W. 18th Ave. in Dania Beach
- Hyatt Place Fort Lauderdale Airport & Cruise Port at 91 S.W. 18th Ave. in Dania Beach
"Hyatt is a globally respected brand that Kolter Hospitality has a very long and successful relationship with," said Scott Webb, President of Kolter Hospitality. "Our company is in a growth mode, and we are constantly looking for thoughtful acquisitions to grow our portfolio."
"The hotels are well positioned to appeal to both the leisure and business traveler, with their close proximity to the airport, cruise port and location at Dania Pointe, a vibrant shopping, dining and entertainment district," added Sara Martinez, Vice President of Sales and Marketing.
Kolter Hospitality has received several accolades and awards from Hyatt including Developer of the Year, Best Project and the Strategic Partnership Award that recognizes a company for its culture, performance, and operating philosophies, along with their strong, multi-brand relationship with Hyatt. This will be Kolter Hospitality's 10th hotel collaboration with Hyatt, which includes Hyatt Place properties in Delray Beach, Boca Raton, St. Petersburg, Coconut Point, and West Palm Beach. Other hotels include Hyatt Centric Las Olas Fort Lauderdale and Hyatt Regency Sarasota.
Kolter Hospitality, a division of The Kolter Group, is based in Delray Beach, FL, specializes in hotel management, development, and acquisitions in the hospitality sector. Kolter Hospitality's alignment of core values and a performance-based framework has enabled the organization to realize success in management, development and franchisee/partner relations which are fueled by the continued growth of its development and acquisitions pipeline.
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