Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with an affiliate of McGough Development for a Hyatt Regency hotel in Bloomington, Minnesota. Hyatt Regency Bloomington Central Station is expected to open in early 2016 and will be managed by Aimbridge Hospitality.
The 302-room Hyatt Regency Bloomington Central Station hotel is the centerpiece of Bloomington Central Station, a transit-oriented, mixed-use urban village. The development will also include residential, retail and Class A office components. The Bloomington Central Station will be connected via light rail to the Mall of America and its numerous shopping and entertainment attractions, both airport terminals at Minneapolis-St. Paul International Airport, the University of Minnesota Twin Cities campus, the Metrodome, and Downtown Minneapolis’ business and entertainment districts.
Hyatt Regency Bloomington Central Station will feature 17,000 square feet of meeting and prefunction space, including an 8,250 square-foot ballroom. The hotel will also include a three-meal restaurant, a bar and lounge, an indoor pool, a fitness center, a market and coffee shop, and business center.
“The City of Bloomington is world famous for being the home of Mall of America, which attracts visitors from around the globe, and we are thrilled that Bloomington Central Station will feature another world renowned brand, Hyatt Regency,” said Greg Munson, Executive Vice President of McGough Development. “We believe that leveraging the strength and innovation of the Hyatt Regency brand as part of the mixed-use complex will attract business and leisure travelers from across the region.”“We are delighted to enhance Hyatt’s brand presence in the Minneapolis-St. Paul metroplex with the first Hyatt Regency in the City of Bloomington, Minnesota,” said David Tarr, senior vice president, real estate and development, Americas for Hyatt. “We are very excited to further build on Hyatt’s excellent portfolio of hotels in the Twin Cities.”
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV