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Hyatt Regency Orlando
Hotel in Orlando, Florida From Wikipedia, the free encyclopedia
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The Hyatt Regency Orlando is a 32-story, 1641-room resort hotel, directly connected to the Orange County Convention Center, located on International Drive in Orlando, Florida.
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History
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The hotel opened on November 1, 1986 as The Peabody Orlando, being a brand extension of the original Peabody Hotel in Memphis, Tennessee.[1]
In 2010, a $450 million renovation of the hotel added a 31-story tower that doubled the number of rooms from 891 to 1641 and added a resort pool complex.[2] This tower, standing 428 ft (130 m), is the second tallest building in metropolitan Orlando, surpassed only by the SunTrust Center.[3]
On August 28, 2013, UST Hotel Joint Venture Ltd. sold The Peabody Orlando for $717 million, to Hyatt.[4] The hotel was renamed Hyatt Regency Orlando on October 1, 2013.[5]
In 2024, Hyatt announced that it had agreed to sell the hotel and 45 acres of adjacent land to RIDA Development Corporation and Ares Management Real Estate for $1.07 billion. Hyatt continues operating the hotel through a long-term management agreement. Hyatt president and CEO Mark S. Hoplamazian called this “the largest single-asset sale in Hyatt history.”[6] The new owners announced they will construct a new Grand Hyatt-branded hotel on the adjoining undeveloped land.
In August 2024, it was announced that the RIDA/Aires joint venture had completed the purchase of the hotel.[7]
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Gallery
Hyatt Regency Orlando
Back side of the Original building in 2007
The new building under construction in April 2009
Expansion Progress in April 2010
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