Island Hospitality Adds First Hyatt Place Contract
Monday July 29th, 2013 - 9:44AM E
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PALM BEACH, FL—Island Hospitality is expanding its management portfolio with the 178-room Hyatt Place Pittsburgh/North Shore in Pittsburgh.
The property, Island’s sixth Hyatt hotel, was acquired by Chatham Lodging Trust and is Island Hospitality’s first management contract with Hyatt Place, as well as its first foray into the Pittsburgh market. It currently operates five Hyatt House hotels.
Tim Walker, president, Island Hospitality, stated, “Island has enjoyed a long and successful partnership with Hyatt and their Hyatt Place brand recently was awarded J.D. Power’s highest ranking for guest satisfaction among upscale hotel brands. The Pittsburgh Hyatt Place adds this well regarded, premium brand to our growing portfolio of 77 U.S. hotels and resorts, and 15 different brands. The hotel is practically new and the Pittsburgh market is rife with tremendous business and leisure demand generators. We are confident that we can take advantage of the property’s upscale potential.”
Tags: • Hospitality • Acquisitions •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.