Search
 

Inland Grabs Hyatt Key West for $76M

MIAMI—The acquisition represents the 14th hotel purchased by Inland this year and the seventh Hyatt-managed hotel or resort in its portfolio. Get all the details.

By Jennifer LeClaire | Updated on November 20, 2013

MIAMI—Inland American Lodging Group, a wholly owned subsidiary of Inland American Real Estate Trust, has acquired the Hyatt Key West Resort and Spa in Key West, FL. Inland grabbed the hotel from a Hyatt affiliate for about $76 million.

“We are extremely pleased to have added Hyatt Key West Resort and Spa to our portfolio,” says Marcel Verbaas, president and CEO of Inland American Lodging Advisor. “Key West is one of the most unique, consistent and highest average RevPAR hotel markets in the nation, and this high quality resort’s exceptional location, within easy walking distance of the area’s most popular attractions, should continue to drive strong returns on our investment.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.