PRINCETON, NJ—The Landis Group, a real estate development and management firm, has acquired Hyatt Place, a 122-key hotel located in Princeton, NJ. The hotel is situated within Carnegie Center, a 560-acre, mixed-use development located along the bustling Route 1 corridor, for which The Landis Group served as master developer.
“From the moment my father, Alan, set forth to create Carnegie Center, we had the utmost confidence in the Princeton market as one of the country's premier places to work, shop, live, and stay,” says Scott Landis, principal at The Landis Group. “Now, decades later, the center is still flourishing, thanks in no small part to the success of the Hyatt Place. We believe that, along with our Marriott Residence Inn at Carnegie Center, we now own the two top performing hotels in the regional marketplace.”
Hyatt Place is a modern hotel concept by Hyatt, catering to the 24/7 demands of today's busy traveler. The hotel provides a decidedly upscale, yet practical experience, offering free Wi-Fi throughout the building, day-and-night fresh food options, and business amenities and meeting rooms. Hyatt Place Princeton also features an indoor pool, fitness center, sundry shop, Starbucks coffee bar and cocktail lounge.
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