CHICAGO—Hyatt Hotels Corp. announced today that an affiliate of Hyatt has sold the 644-room Hyatt Regency Vancouver to an affiliate of InnVest for approximately $123 million or $190,000 per key. The hotel will continue to operate as a Hyatt Regency property.
“We are delighted to enter into a relationship with InnVest, a well-respected hotel owner with deep experience in the Canadian hospitality market,” said Stephen Haggerty, global head, capital strategy, franchising and select service for Hyatt, in a release.
Hyatt Regency Vancouver is centrally located at Burrard Street and West Georgia Street in downtown Vancouver. The hotel features more than 45,000 square feet of meeting and event space; a Starbucks; Grain Tasting Bar serving regional wine and craft beer; and Mosaic Bar and Grill, which features locally sourced produce, sustainable seafood and signature cocktails.