We congratulate our long-time client, Inland American Lodging Group, a wholly owned subsidiary of Inland American Real Estate Trust, Inc., on its recent $76 million acquisition of the Hyatt Key West Resort and Spa in Key West, Florida. The resort is located in the heart of Key West on the Gulf of Mexico, and will continue to be managed by Hyatt under a new management agreement. The resort offers 118 guestrooms and amenities include Shor American Seafood Grill, Blue Mojito Pool Bar and Grill, Jala Spa, a heated outdoor swimming pool and whirlpool, a spacious sundeck, poolside cabanas, and a Hyatt Stay Fit Gym. It also features three meeting/event spaces totaling approximately 2,500 square feet. This acquisition represents the 14th hotel purchased by Inland American this year and the seventh Hyatt-managed hotel or resort in its portfolio. In 2013, Hyatt has sold seven full service hotels or resorts for more than $500 million. We celebrate our client Inland American Lodging Group, Inc.!
December 2, 2013