Hyatt Rolling Out Extended Stay Places

JANUARY 23, 2007 -- Hyatt Place, an extended stay brand that Global Hyatt Corp. introduced last year, will break ground on five new hotels—near Seattle; Orlando; South Bend, Ind., Reno, Nev.; and Jackson, Miss.—next month. The brand today detailed development plans, including about 30 new builds, to be completed in the next few years.In all, Hyatt, which has four Hyatt Place hotels open today, plans to have 120 Hyatt Place hotels open by year-end, including locales such major cities as Chicago, Dallas, Phoenix, Atlanta, Miami and Detroit. Much of this will come from the conversion of existing properties to the new brand. Hyatt acquired AmeriSuites from the Blackstone Group in 2005 for those branding purposes.Hyatt plans to complete by this autumn a 128-room hotel near Orlando, a 153-room hotel near Washington Dulles International Airport and a 115-room hotel near Norfolk, Va. These and five scheduled groundbreakings for February are part of about 30 hotels, or more than 4,300 rooms, that are being built before the close of 2009.Hyatts extended stay venture also includes a Hyatt Summerfield Suites brand of Summerfield Suites properties acquired last year, two new builds and other conversions of acquired Bradford HomeSuites and Hawthorn Suites. The brand soon will represent more than 30 hotels, according to the company.

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