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.”
Hyatt continues to grow its portfolio across all brands globally. As of March 31, 2014, the Company's executed contract base consisted of approximately 240 hotels or approximately 54,000 rooms.
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