US owner-operator takes on first Hyatt hotel

Image © Hyatt Corporation
US-based hotel owner-operator MCR has acquired its first Hyatt Hotels Corporation site with a plan to overhaul the property.

Hyatt Place Miami Airport East is a six-storey, select service hotel with 135 rooms in Miami, Florida.

Onsite amenities

Built in 2015, the hotel was purchased at over a 25% discount to MCR’s estimated replacement cost.

Dining options include The Placery, a full-service restaurant and bar, and a grab-and-go market offering snacks and beverages.

Onsite amenities comprise an outdoor pool, a fitness centre, laundry facilities, a 24-hour business centre and a fire pit area.

Florida additions

This is MCR’s ninth hotel in Florida. The Hyatt Place brand itself also has an active pipeline of newbuilds which will join Hyatt Place Miami Airport East in operation.

These include Hyatt Place Melbourne Airport on the state’s east coast, imminently opening this March with 143 rooms; while Hyatt Place Fort Lauderdale/Coral Springs is due to bring 138 keys to south Florida in Q4 2023; and the 114-room Hyatt Place New Smyrna Beach should join it in the same quarter.

Found this data interesting?

Start a free trial of THP’s database with over 8,500 hotel projects and key contact details.

Related Articles

Lore Group nabs first NYC property

International hospitality company, Lore Group, has acquired the former Mondrian Park Avenue hotel in New York City. ...

Gdansk deal supports Cloud One growth

With its Motel One brand well established, the German hotelier is now rolling out a second brand, Cloud One with a new opening in Gdansk...

Quinta do Lago acquires Conrad Algarve

Quinta do Lago, the European luxury lifestyle resort, has announced its acquisition of Conrad Algarve...

Newsletter

You are currently viewing a placeholder content from Default. To access the actual content, click the button below. Please note that doing so will share data with third-party providers.

More Information

Join our newsletter

You are currently viewing a placeholder content from HubSpot. To access the actual content, click the button below. Please note that doing so will share data with third-party providers.

More Information