Island Hospitality Expands Management Portfolio With First Hyatt Place Contract
Island Hospitality Expands Management Portfolio With First Hyatt Place Contract
Enters Growing Pittsburgh Market with Nearly New Hotel
PALM BEACH, Fla.--(BUSINESS WIRE)-- Officials with Island Hospitality, one of the nation's largest hotel management companies, today announced that it has been engaged by Chatham Lodging Trust (NYS: CLDT) to operate the 178-room Hyatt Place® Pittsburgh/North Shore in Pittsburgh, Pa. This engagement marks Island's sixth Hyatt-branded hotel, (it currently manages five Hyatt House properties) and its entry into the growing Pittsburgh market. The hotel was acquired earlier this year by Chatham Lodging Trust, a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded select-service hotels.
"Island has enjoyed a long and successful partnership with Hyatt and their Hyatt Place brand recently was awarded J.D. Power's highest ranking for guest satisfaction among upscale hotel brands," Tim Walker, president of Island Hospitality. "The Pittsburgh Hyatt Place adds this well regarded, premium brand to our growing portfolio of 77 U.S. hotels and resorts, and 15 different brands. The hotel is practically new and the Pittsburgh market is rife with tremendous business and leisure demand generators. We are confident that we can take advantage of the property's upside potential."
The Pittsburgh Hyatt Place opened in December 2010 and is located in Pittsburgh's North Shore neighborhood, next door to PNC Park (home of the Pittsburgh Pirates) and Heinz Field (home of the Pittsburgh Steelers), and near such attractions as the Andy Warhol Museum, the Carnegie Science Center and the National Aviary. The Pittsburgh Hyatt Place also is proximate to Fortune 500 employers such as Alcoa, Del Monte Foods, PNC Financial, U.S. Steel and Heinz.
The pet-friendly hotel offers numerous complimentary amenities, including WiFi throughout the hotel, a 24/7 Stay Fit fitness center and the brand's signature Kitchen Skillet breakfast. Guests can relax over coffee or cocktails in the intimate Bakery Café and the hotel's Gallery Menu, Fresh 24/7 gives guests 'round the clock access to freshly prepared meals and snacks. A Grab 'n Go case of beverages, sandwiches and salads rounds out the hotel's dining options.
About Island Hospitality
Headquartered in Palm Beach, Fla., Island Hospitality Management, LLC, is a third-party, independent management company. It operates approximately 80 hotels under six different brands, primarily premium select-service hotels, upscale, extended-stay properties, and upscale hotels, in 22 states and the District of Columbia. Additional information is available on the company's Web site, www.islandhospitality.com.
Daly Gray, Inc.
Lauralee Dobbins, 703-435-6293
Lauralee@dalygray.com
KEYWORDS: United States North America Florida Pennsylvania
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