New Hyatt House hotel opens in the Sunshine State
Developed by Mountain Shore Properties and managed by Olympia Hotel Management, Hyatt House Tallahassee Capitol – University is targeting the extended-stay market in Florida’s state capital.
A convenient 120-key Hyatt House hotel has taken up residence in Tallahassee’s Railroad Square Art District.
Contemporary extended-stay accommodation
The new Hyatt House Tallahassee Capitol – University, developed by Mountain Shore Properties (MSP) and managed by Olympia Hotel Management (OHM), spans five storeys and 80,000 sq ft. A modern extended-stay hotel trading under the Hyatt House brand, it boasts 120 guestrooms, 77 of which feature fully equipped kitchens.
MSP previously developed and opened Hampton Inn & Suites Tallahassee Capitol – University back in 2018, which is also managed by OHM.
John Schultzel, Olympia Hotel Management’s chief growth officer, said: “Extended-stay properties have been strong during Covid19. The occupancy numbers at our nearby Hampton property have been solid and Tallahassee is a unique destination.
“There is government demand, two universities with students who really want to be back on campus now, as well as a great downtown anchored by Railroad Square. It was important to open this new property in the first quarter with an eye to securing bookings for the third quarter and beyond.”
Hyatt Hotel Construction Report
Capitalising on the return of travel post-Covid
Hyatt House Tallahassee Capitol – University is situated in the city’s Railroad Square Art District, close to many cultural and creative enterprises and venues. MSP chose to develop in Tallahassee because of its appealing mix of government, business and university interests.
“We think the demand for travel in the back half of 2021 is going to be extremely strong,” reflected Stephen Wendell, CEO of Mountain Shore Properties. “The underlying demand generators pre-Covid19 still exist and show no signs of stopping. The fact is that some aspects of business travel can’t be done virtually. It is my belief and hope that we are going to be in a far different world come summer.”
The hotel boasts a large outdoor area with bar service, 846 sq ft of flexible meeting and event space, a fitness centre and an outdoor pool. It’s also located next to 6,000 sq ft of retail space.
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