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 supply submitted by an proprietor/operator based mostly in Salt Lake Metropolis that controls a lot of accommodations within the area.
Rob Stiles, managing director and principal with RobertDouglas, mentioned, “The property stands out as one of many highest-quality Hyatt Place belongings constructed up to now, having been constructed to a resort commonplace that considerably exceeds model necessities.”
Below the administration of Crescent Resorts & Resorts, the 102-key lodge with premium facilities has operated efficiently because the chief inside the Web page/Lake Powell lodging market. These embrace an journey concierge, expansive outside patio with hearth 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 equivalent to Lake Powell, Antelope Canyon, Horseshoe Bend, and Grand Staircase–Escalante Nationwide Monument.
