Hyatt Hotels, the US-based hospitality company that owns brands such as Hyatt, Park Hyatt, Andaz, Grand Hyatt, Hyatt Regency and others, is reporting that a company affiliate has acquired the Hyatt Regency Birmingham hotel in the UK.
The hotel, which was only partly owned by the company affiliate, will now be fully owned for a price of GBP27 million.
Tim Flodin, the general manager at Hyatt Regency Birmingham, said, ‘The team at the hotel is delighted at the news that a Hyatt affiliate has purchased the hotel, and as one of the most popular hotels in the city amongst both business and leisure guests, we have a proud history of hospitality in Birmingham and look forward to the exciting times ahead.
At Hyatt Regency Birmingham, we are committed to supporting the local community, working closely with surrounding businesses, colleges and charities, including the Queen Elizabeth Hospital, Stourbridge College, University College Birmingham and catering college KHCSC.’
The hotel has been operating as Hyatt Regency Birmingham since its opening in 1990. The Hyatt affiliate intends to invest around GBP6 million in 2013 to refurbish the hotel as one of the foremost hotels in Birmingham.
Claiming to be one of the best-situated hotels, Hyatt Regency Birmingham is a contemporary, four-star hotel located in Birmingham city centre. The hotel has 319 luxury rooms and suites, the Amala Spa & Club, a 16-meter indoor swimming pool and a fitness area, the signature Aria Restaurant and Pravda Bar, and 10 meeting and event rooms.
Michael Gray, the Hyatt Hotels area director for UK and Ireland, said, ‘Birmingham is one of the leading business tourism destinations in the United Kingdom, and Hyatt Regency Birmingham has long been a favourite choice in the city.
Hyatt has successfully provided management services for the hotel for many years and we are delighted that a Hyatt affiliate is once again the owner of this hotel, one of our key hotels in the United Kingdom. We believe that the hotel’s excellent location and full range of services, event capabilities and dining options will continue to make this one of the city’s very best places to stay and to hold an event, and we are very enthused about this investment in the property. Indeed on top of its existing strengths, we expect that improved transport links, such as the extended runway at Birmingham Airport and the high-speed London rail link will no doubt even further increase the attractiveness of Birmingham as an event destination in the future. We are also very enthusiastic about this because of Hyatt’s long and proud history in the UK.’