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Hyatt Announces Plans for a Hyatt Regency Hotel in Colombo

CHICAGO—Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a management agreement with Sinolanka Hotels and Spa Private Limited for a Hyatt Regency hotel in Colombo, Sri Lanka. Hyatt Regency Colombo will be the first Hyatt-branded hotel in ...

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Park Hyatt Chennai Opens in India

CHICAGO—Hyatt Hotels Corporation announced today the opening of Park Hyatt Chennai, marking the 30th hotel in the Park Hyatt collection and the first Park Hyatt hotel to be introduced in the city of Chennai, known as the gateway to Southern ...

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Summit Hotel Properties to Acquire Ten Hotels

SIOUX FALLS, S.D.— Summit Hotel Properties, Inc. (the “Company”) announced that it has entered into a definitive agreement to acquire a portfolio of eight unencumbered hotels containing an aggregate of 1,043 guestrooms (the “Hyatt Portfolio”) from certain affiliates of Hyatt ...

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Andaz Savannah Opens in Place of Former Avia Savannah Hotel

SAVANNAH, Ga.—Andaz Savannah opened in the former Avia Savannah in historic downtown Savannah. The hotel just completed a renovation of its public areas to add an Andaz Lounge and introduce a new restaurant, 22 Square, emphasizing fresh regional ingredients and ...

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Eagle Hospitality Seeks to Sell Its 13 Hotels

PURCHASE, N.Y.—Eagle Hospitality Properties Trust (“Eagle Hospitality”) announced today that it has reached an agreement with its secured lender that allows the Company to sell its 13 premium-branded hotels and repay its secured debt at a discount. Eagle Hospitality will ...

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