Hyatt Sells Hyatt Regency Orlando, Sets Stage for Expansion with New Grand Hyatt Development

Hyatt Hotels Corporation has finalized the sale of the 1,641-room Hyatt Regency Orlando and 45 acres of adjacent land to RIDA Development Corporation and an Ares Management Real Estate fund, while retaining management rights under the Hyatt Regency brand. As part of the transaction, Hyatt secured $265 million in preferred equity and $50 million in seller financing for future development.

This sale, exceeding $1 billion, is a key milestone in Hyatt’s capital allocation strategy to transition toward asset-light growth by selling owned properties and reinvesting in more flexible platforms. With this deal, Hyatt surpasses its $2 billion asset-disposition goal, reaching $2.6 billion in gross proceeds over three years.

The Hyatt Regency Orlando, a top-performing property with over 315,000 square feet of event space, is located near the Orange County Convention Center and major Orlando attractions. RIDA and Ares plan to invest further in the property, enhancing its guestrooms and amenities, while also collaborating with Hyatt on developing a new 2,500-room Grand Hyatt on the adjacent land. This expansion will solidify Hyatt’s presence in Orlando’s bustling hospitality and convention market, ultimately combining over 4,000 rooms between the two hotels.

This major partnership aims to create a landmark development that aligns with Orlando’s thriving tourism sector. The Grand Hyatt Orlando project will seek government support and approvals in the coming years, with plans for phased construction that will attract both business and leisure travelers.