Hyatt Regency to Open in Sydney

CHICAGO—An affiliate of Hyatt Hotels Corporation has entered into a management agreement with an M&L Hospitality affiliate for a Hyatt Regency hotel in Sydney. The hotel, previously part of the Four Points by Sheraton brand, will be rebranded to Hyatt Regency Sydney in November, marking the Hyatt Regency brand’s return to the city.

The hotel will enter the Australian market during a time of growing demand for Meetings, Incentives, Conferences and Exhibitions (MICE) and leisure travel, according to Hyatt. According to the Australian Bureau of Statistics, the market saw 7.6 million visitor arrivals for the year ending February 2016, which was an increase of 9% compared to the previous year.

David Udell, group president – Asia Pacific, Hyatt Hotels Corporation said, “Hyatt hotels have been operating in Australia for more than 30 years, providing a solid foundation for future growth in what is a dynamic market.”

Following a $250-million redevelopment and refurbishment, the property will include a new 24-story tower and 222 additional guestrooms with a total room count of 892. Additionally, the hotel will introduce a 272-seat all-day dining restaurant and will also feature the only hotel rooftop bar in the city, as well as a Regency Club lounge with views of the harbor, according to the company.