Custom House, a historic building being
redeveloped for mixed use, will feature a 149-room Hyatt Place
hotel
Hyatt Hotels Corporation (NYSE: H), Nelson Development and
Exeter Group LLC today announced plans for a 149-room, five-story
Hyatt Place hotel to be located in the former U.S. Post Office and
Custom House building in Saint Paul, Minn. Exeter Group acquired
the Custom House property from the U.S. Postal Service in August
2013, and has secured National Park Service approval to list the
property on the National Register of Historic Places and to convert
the building to a mixed use development with hotel and residential
components, as well as a variety of supporting uses. Exeter
Group LLC is the master developer of Custom House project and
Nelson Development is acquiring a portion of the building for
development of the hotel, which will be managed by LodgeWorks
Partners, L.P.
“We are pleased to continue building upon a strong relationship
with Nelson Development, the owners of Hyatt Place Des Moines – an
excellent example of a successful adaptive reuse project,” said
Mark Younadam, director of real estate and development for Hyatt.
“This hotel will bring a new and dynamic product to the Saint Paul
market, and I want to offer my congratulations and thanks to
everyone at Nelson, LodgeWorks and Exeter who collaborated with us
in order to bring this development to fruition.”
“We are excited to join the Saint Paul community and work with
Hyatt and Exeter on this hotel development, a project that allows
us to deepen our relationship with Hyatt – a world-renowned and
well-respected hotel company – and Exeter – a first class developer
and leader in delivering compelling, community enhancing, mixed use
projects to the Twin Cities’ urban neighborhoods,” said Mike
Nelson, owner, Nelson Development. “This project is yet another
example of our continued focus on developing and investing in
premium branded hotels in dynamic markets that will attract
business and leisure travelers alike.”
“What a wonderful opportunity to leverage our operating
expertise in furtherance of such a unique redevelopment of a
beautiful historic building,” said Mike Daood, president of
LodgeWorks. “We are thankful for the trust the Hyatt team continues
to place in us as they match us with talented developers like
Nelson Development. The finished hotel will be amazing and we are
committed to further enhancing the guest experience and showcasing
this asset to the Saint Paul community and its visitors.”
“Exeter Group is extremely pleased that Hyatt, Nelson and
LodgeWorks have teamed up on this exciting Hyatt Place project at
Custom House, which will be a great complement to this
best-in-class mixed use redevelopment, which includes the
Residences at Custom House, 202 luxury apartments on the upper
floors, as well other retail commercial uses,” said Chief
Development Manager Herb Tousley of Exeter Group.
The Hyatt Place hotel will be located downtown at the current
site of the former U.S. Post Office and Custom House, a 17-story
building that functioned as city’s main post office for 79 years.
The hotel will maintain many of the building’s historic attributes,
including the 13-foot guestroom windows and the art deco lobby,
which will be restored.
Sitting on the southern edge of the Lowertown neighborhood, a
lively historic district in downtown Saint Paul, the hotel will be
adjacent to the recently renovated Union Depot transit hub, which
provides access to the new METRO Green Line LRT, running from
downtown Saint Paul to downtown Minneapolis with a connection to
the MSP airport via the METRO Blue Line LRT. It will also be a
short distance from the new Lowertown Ballpark, the Science Museum
of Minnesota, the Xcel Energy Center, and beautiful Mears Park,
which is surrounded by restaurants and nightlife.
The hotel will offer:
- 149 spacious guestrooms
- A fitness center and swimming pool
- Complimentary Wi-Fi access throughout
the hotel
- Complimentary a.m. Kitchen Skillet TM,
featuring freshly prepared breakfast sandwiches, a variety of fresh
fruits, hot and cold cereal, yogurt, breads, premium coffee and an
assortment of juices
- More than 1,800 square feet of
flexible, high-tech meeting/function space
- 24/7 Gallery Menu serving made-to-order
entrees and appetizers around the clock
- A Coffee to Cocktails Bar featuring
specialty coffees and premium beers, as well as wines and
cocktails
ABOUT HYATT PLACE
Launched in 2006, the Hyatt Place brand brings to the upscale
service hotel category the authentic hospitality for which Hyatt is
known. Inspired by multitasking travelers’ 24/7 lifestyle, Hyatt
Place combines style with casual hospitality. Featuring spacious
guestrooms with the Cozy Corner, Free Wi-Fi everywhere, the 24/7
Gallery Menu, Coffee to Cocktails Bar, and Free Hot Breakfast for
guests. The Odds & Ends program also has guests covered with
items they may have forgotten and can buy, borrow or enjoy for
free. Specially trained Gallery Hosts are on hand to offer
assistance with everything from directions to check-in to a freshly
made meal.
Hyatt Place, a brand of Hyatt Hotels Corporation, offers more
than 215 locations in the United States, Armenia, China, Costa
Rica, India, Mexico, Puerto Rico, Netherlands, and United Arab
Emirates. For Hyatt Place information or to make a reservation,
call 1-888-HYATT-HP (888-492-8847) or
visit www.HyattPlace.com.
The term “Hyatt” is used in this release for convenience to
refer to Hyatt Hotels Corporation and/or one or more of its
affiliates.
About Nelson Development
Nelson Development and Nelson Construction Services is a real
estate development and general contractor firm located in Des
Moines, Iowa. For the past 16 years Nelson Development has focused
on historic renovations, one of which happens to be the historic
Hyatt Place in downtown Des Moines. Nelson owns and develops
properties all over the Midwest and Arizona. For more information,
visit www.nelsonconstruct.com.
About LodgeWorks Partners, L.P.
LodgeWorks Partners, L.P., is a privately held hotel development
and management company with a rich history as hospitality brand
innovators, industry-leading guest satisfaction, sophisticated
development acumen and an experienced team that has successfully
collaborated for more than 28 years. The company has recently
launched the Archer Hotel boutique collection with a May 2014 New
York City debut, properties in Austin and Napa underway and plans
for others to be announced in the coming months. LodgeWorks
continues to own, franchise and/or manage a portfolio of branded
hotels including Hampton Inn®, Hyatt House®, Hyatt Place®, Aloft®,
and Hilton Garden Inn®. For more information, please visit
www.lodgeworks.com.
Exeter Group LLC
Exeter Group LLC is a leading developer of historic and other
properties in the Minneapolis-Saint Paul market. It has been
transforming urban neighborhoods for twenty-five years with
distinctive retail, office, residential, and mixed-use projects,
many of them having received architectural, engineering, and
development awards. For more information, please visit
www.ExeterMN.com.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company with a proud heritage of making guests
feel more than welcome. Thousands of members of the Hyatt family
strive to make a difference in the lives of the guests they
encounter every day by providing authentic hospitality. The
Company's subsidiaries develop, own, operate, manage, franchise,
license or provide services to hotels, resorts, branded residences
and vacation ownership properties, including under
the Hyatt®, Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt
Centric™, Hyatt Regency®, Hyatt Place®, Hyatt
House®, Hyatt Zilara™, Hyatt Ziva™, Hyatt
Residences® and Hyatt Residence
Club® brand names and have locations on six continents. As
of December 31, 2014, the Company's worldwide portfolio
consisted of 587 properties in 50 countries. For more information,
please visit www.hyatt.com.
Forward-Looking Statements
Forward-Looking Statements in this press release, which are not
historical facts, are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Our actual
results, performance or achievements may differ materially from
those expressed or implied by these forward-looking statements. In
some cases, you can identify forward-looking statements by the use
of words such as “may,” “could,” “expect,” “intend,” “plan,”
“seek,” “anticipate,” “believe,” “estimate,” “predict,”
“potential,” “continue,” “likely,” “will,” “would” and variations
of these terms and similar expressions, or the negative of these
terms or similar expressions. Such forward-looking statements are
necessarily based upon estimates and assumptions that, while
considered reasonable by us and our management, are inherently
uncertain. Factors that may cause actual results to differ
materially from current expectations include, among others, the
rate and pace of economic recovery following economic downturns;
levels of spending in business and leisure segments as well as
consumer confidence; declines in occupancy and average daily rate;
if our third-party owners, franchisees or development partners are
unable to access the capital necessary to fund current operations
or implement our plans for growth; changes in the competitive
environment in our industry and the markets where we operate; our
ability to access the capital markets; and other risks discussed in
the Company's filings with the U.S. Securities and Exchange
Commission, including our Annual Report on Form 10-K, which filings
are available from the SEC. We caution you not to place undue
reliance on any forward-looking statements, which are made as of
the date of this press release. We undertake no obligation to
update publicly any of these forward-looking statements to reflect
actual results, new information or future events, changes in
assumptions or changes in other factors affecting forward-looking
statements, except to the extent required by applicable laws. If we
update one or more forward-looking statements, no inference should
be drawn that we will make additional updates with respect to those
or other forward-looking statements.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20150226006029/en/
HyattSiân Martin+1 312 780 5797sian.martin@hyatt.comorNelson
DevelopmentDanny Heggen+1 515 457
9000dheggen@nelsonconstruct.comorExeter Group LLCHerb Tousley+1 651
294 2444HTousley@ExeterMN.com
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