Hyatt Sells the 499-room Hyatt Regency Indianapolis for Approximately $71 Million

Hyatt Hotels Corporation | February 3, 2015

Purchasers Silverpeak Real Estate Partners and Davidson Hotels & Resorts, a Joint Venture, to Invest an Additional $4 million in Improvements February 03, 2015 - CHICAGO - Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has sold the 499-room Hyatt Regency Indianapolis to a private equity joint venture for approximately $71 million. The joint venture members include Silverpeak Real Estate Partners, a privately held real estate investment advisory business, and executives of Davidson Hotels & Resorts. The Purchaser intends to spend approximately $4 million in additional capital expenditures over the next ...