From Dallas Express · Dallas Express · · 1m 10s
DFW Airport Buys $194M Hyatt Regency
Dallas Fort Worth International Airport acquires Hyatt Regency for $194 million to expand its hotel portfolio.
In brief
Dallas Fort Worth International Airport acquires Hyatt Regency for $194 million to expand its hotel portfolio. Dallas Fort Worth International Airport purchased the Hyatt Regency for $194 million to boost its publicly owned hotel portfolio and support regional economic growth. Originally reported by Dallas Express.
DFW Airport Acquires Hyatt Regency
Dallas Fort Worth International Airport has acquired the 811-room Hyatt Regency near Terminal C for approximately $194 million.
Purchase Details
The Public Facility Improvement Corporation completed the purchase on October 30, with a $193.65 million purchase-price ceiling.
Hyatt Management Continues
Hyatt will continue managing the property under its existing agreement while DFW plans renovations.
DFW CEO Statement
Chris McLaughlin, DFW’s CEO, said the acquisition aligns with the airport’s long-term vision for growth and customer experience.
Lease Terms
The hotel lease dates to October 23, 1986, with up to 59 years remaining if options are exercised.
Airport Hotel Portfolio
The acquisition adds the Hyatt Regency to DFW’s four airport hotel properties, including the Hyatt House under construction.
Future Plans
DFW plans renovations for the Regency but has not disclosed the budget or completion date.
The bottom line
Dallas Fort Worth International Airport purchased the Hyatt Regency for $194 million to boost its publicly owned hotel portfolio and support regional economic growth.