July 17, 2017
Roch Capital acquires Hyatt Regency Louisville
Glen Mills, PA
Roch Capital Inc. (“Roch”) announced today it has completed the acquisition of the 393-key Hyatt Regency hotel in Louisville, Kentucky from an affiliate of Hyatt Hotels Corporation. The 19-story hotel includes: 26,000 square feet of upscale meeting space; a full-service restaurant, Sway; the Louisville Convention & Visitor’s Bureau; Chipotle; and a soon-to-open Starbucks. The hotel recently finished a multi-million dollar capital investment plan that updated guest rooms and baths, public areas and Sway, resulting in a highly attractive, market leading product.
“This is a high quality hotel in a coveted urban location with strong upside potential,” said Vincent Abessinio, Co-President for Roch. Hyatt Regency Louisville occupies the most visible downtown corner directly off Fourth Street and adjacent to the Kentucky International Convention Center, currently undergoing a $200 million renovation and expansion. Additional nearby attractions include the University of Louisville, the Bourbon Trail, the KFC Yum! Center, Muhammad Ali Center, Louisville Slugger Factory and Museum and Churchill Downs, which accommodates over 165,000 guests on Kentucky Derby Day. The hotel will continue to be branded as a Hyatt Regency hotel.
Dallas-based Aimbridge Hospitality, the largest hotel management company in the United States, was chosen to manage the hotel.
“The Hyatt Regency Louisville is a meaningful addition to Aimbridge Hospitality’s portfolio. This property will attract both corporate and leisure travelers with its extensive meeting space and close proximity to many Louisville attractions,” said Dave Johnson, President and CEO of Aimbridge Hospitality. “We are honored to work with Roch Capital on this property, and anticipate a successful and long-lasting partnership together.”
About Roch Capital Inc.
Roch Capital Inc., through its affiliates, is one of the region’s fastest growing real estate investment companies. Roch will invest nationally in a broad range of real estate assets with a primary focus on urban and resort hotels, urban office and urban multifamily. For more information on Roch Capital, please visit www.rochcap.com.
About Aimbridge Hospitality
Aimbridge Hospitality is the nation’s second largest independent hotel investment and management firm with a proven track record for delivering superior returns for its strategic partners in a variety of markets and economic cycles. Aimbridge provides management, asset management, development, renovation and consulting services. Based in Dallas, Texas and with development offices in Chicago, Dallas and Puerto Rico, Aimbridge currently owns and/or manages over 500 upscale, independent and branded hotels with nearly 70,000 rooms across the United States and the Caribbean, including such affiliations as Marriott, Hilton, Embassy Suites, DoubleTree, Hilton Garden Inn, Hampton Inn & Suites, Aloft, Hyatt, Wyndham, Choice Hotels and the Phoenix Inn Suites chain of hotels. For more information on Aimbridge Hospitality, please visit www.aimbridgehospitality.com.// Go Back