OMAHA-Hyatt seems to be kicking off 2012 as it means to go on, as the company reveals that it is planning the first Hyatt hotel property in Omaha, Nebraska. Set to open its doors in 2014, construction on the Hyatt Place hotel will begin in the second quarter of this year. It will 159 rooms and in a stand-alone, nine-story building.
According to the company, the structure will be designed by the Chicago office of the DLR Group and it will be located Omaha’s Old Market district. This places the hotel property right near prime nightlife, restaurants, meeting space and shopping hotspots.
Christopher Ivy, senior vice president, Hyatt Real Estate and Development, tells GlobeSt.com that “Omaha is an important market and one where our guests have told us they would like to see a Hyatt branded hotel," said Christopher Ivy, Senior Vice President, Real Estate and Development. "Hyatt has always been willing to contribute capital in locations where we are not represented.”
Hyatt’s recent Q4 earnings call presented optimistic news, and this new hotel seems to be direct evidence of the company’s forward motion in 2012. Among other positives noted in the call, Hyatt reported that their owned and leased revPAR for the fourth quarter of 2011 was up “nearly 20%” over 2010 figures. After the call, GlobeSt.com reported that the company is planning expansion this year, most notably in New York City and overseas in Latin America and Europe.
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