Acquisition deepens Hyatt?s presence in one of the fastest growing
markets in the U.S.
CHICAGO–(BUSINESS WIRE)–Mar. 8, 2013–
Fresh from announcing the opening of the 296-room Hyatt Place Austin
Downtown, Hyatt Hotels Corporation (NYSE:H) today announced that a Hyatt
affiliate has acquired the 189-room Driskill Hotel for approximately $85
million from an investment fund managed by Lowe Enterprises Investors,
which was represented in the transaction by Jones Lang LaSalle?s Hotels
& Hospitality Group.
The transaction closed earlier today and the hotel will continue to be
marketed as The Driskill Hotel u…