The Hyatt Regency is situated on 13 acres and features 654 guest rooms, with a 17-story atrium and approximately 65,000 sf of meeting space. The hotel will retain the Hyatt Regency brand and will continue to be managed under a long-term agreement with Global Hyatt Corp.
Molinaro Koger's Samantha Fisher and Rob Koger marketed the hotel and structured the transaction. Fisher is vice president of Molinaro Koger's Los Angeles office, and Koger is the Washington, DC-based president of MK.
Koger says that the hotel attracted "significant attention from investors around the globe," based on "its merits and impressive continued growth in RevPAR and rate within the Orange County market." Fisher calls the acquisition a tremendous opportunity for Inland in light of its location "in one of the world's top leisure and corporate markets."
The location is three city blocks from Disneyland and close to the major routes of the Orange County freeway system. The market includes such attractions as the Anaheim Convention Center, Knott's Berry Farm, Honda Center, Angels Stadium and the Orange County Center for the Performing Arts. The hotel is also a half mile from the Anaheim GardenWalk, a project of nearly 500,000 sf that Excel Realty is developing as Orange County's newest upscale lifestyle entertainment center.
Fisher comments that proximity to the new development is important to the Hyatt Regency because, "It will provide strong retail and higher-end restaurant options for Anaheim." The new amenities position the city to attract conventions from higher-rated businesses that have traditionally bypassed Anaheim "due to a lack of restaurant and retail options," Fisher points out.
The Hyatt Regency Orange County features a third-floor rooftop garden with an outdoor heated pool, whirlpool, sundeck, tennis courts, basketball court and fitness center. The hotel's second outdoor heated pool and whirlpool are located on the ground floor outside the North Tower. Additional amenities include a 24-hour business center, car rental desk, wireless high speed Internet, free shuttle service to and from Disneyland, a gift shop and a concierge.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
