NEW YORK—RobertDouglas introduced that it served as unique advisor on the profitable sale of the Hyatt Place Web page in Web page, Arizona. The property was acquired for $24,250,000 ($238,000 / key) via a preemptive provide submitted by an proprietor/operator based mostly in Salt Lake Metropolis that controls numerous inns within the area.
Rob Stiles, managing director and principal with RobertDouglas, stated, “The property stands out as one of many highest-quality Hyatt Place belongings constructed to this point, having been constructed to a resort customary that considerably exceeds model necessities.”
Underneath the administration of Crescent Accommodations & Resorts, the 102-key lodge with premium facilities has operated efficiently because the chief throughout the Web page/Lake Powell lodging market. These embrace an journey concierge, expansive outside patio with fire overlooking the rim of the Grand Canyon, a full-service restaurant (Prickly Pear Kitchen) and curated artwork installations. Since opening in 2018, the lodge has maintained glorious situation with premium infrastructure and the benefit of a rising World of Hyatt.
The Hyatt Place Web page is located on the gateway to the Canyon Nation. The Glen Canyon Nationwide Recreation Space attracts over 5 million annual guests to locations similar to Lake Powell, Antelope Canyon, Horseshoe Bend, and Grand Staircase–Escalante Nationwide Monument.
