Hyatt Regency Orlando - Wikipedia
- ️Sun Jan 16 2011
From Wikipedia, the free encyclopedia
| Hyatt Regency Orlando | |
|---|---|
_003.jpg) Hyatt Regency Orlando | |
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| General information | |
| Location | Unincorporated Orange County in Orlando, Florida |
| Address | 9801 International Drive |
| Opening | November 1, 1986; 38 years ago |
| Owner | RIDA Development Corporation & Ares Management Real Estate |
| Management | Hyatt Hotels |
| Height | 428 ft (130.5 m) |
| Other information | |
| Number of rooms | 1641 |
| Website | |
| orlando.regency.hyatt.com |
The Hyatt Regency Orlando is a 32-story, 1641-room resort hotel, directly connected to the Orange County Convention Center, located on International Drive in Orlando, Florida.
The hotel opened on November 1, 1986 as The Peabody Orlando, being a brand extension of the original Peabody Hotel in Memphis, Tennessee.[1]
In 2010, a $450 million renovation of the hotel added a 31-story tower that doubled the number of rooms from 891 to 1641 and added a resort pool complex.[2] This tower, standing 428 ft (130 m), is the second tallest building in metropolitan Orlando, surpassed only by the SunTrust Center.[3]
On August 28, 2013, UST Hotel Joint Venture Ltd. sold The Peabody Orlando for $717 million, to Hyatt.[4] The hotel was renamed Hyatt Regency Orlando on October 1, 2013.[5]
In 2024, Hyatt announced that it had agreed to sell the hotel and 45 acres of adjacent land to RIDA Development Corporation and Ares Management Real Estate for $1.07 billion. Hyatt continues operating the hotel through a long-term management agreement. Hyatt president and CEO Mark S. Hoplamazian called this “the largest single-asset sale in Hyatt history.”[6] The new owners announced they will construct a new Grand Hyatt-branded hotel on the adjoining undeveloped land.
In August 2024, it was announced that the RIDA/Aires joint venture had completed the purchase of the hotel.[7]
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Hyatt Regency Orlando
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Back side of the Original building in 2007
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The new building under construction in April 2009
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Expansion Progress in April 2010
- ^ "The Peabody Orlando Celebrates 25th Anniversary".
- ^ "Hyatt takes over Peabody, lays off 68 staff".
- ^ "The Peabody Orlando Expansion Tower". Archived from the original on January 2, 2013. Retrieved 2011-01-16.
- ^ "Hyatt buying Peabody Orlando Hotel for $717 million". CFN13. Retrieved 28 August 2013.
- ^ "The Peabody Orlando Sold to Hyatt for $717 Million".
- ^ "Hyatt Makes $1.07 Billion Sale of Hyatt Regency Orlando". www.travelmarketreport.com. 2024-08-21. Retrieved 2024-08-22.
- ^ "Hyatt Completes Sale of Hyatt Regency Orlando". Lodging. Retrieved 2024-10-31.