Hyatt Hotels Corporation was announced Thursday as the operator of the new 28-story convention center hotel in downtown Salt Lake City.
The Hyatt Regency Salt Lake City will be built on the southeast corner of the Salt Lake Palace Convention Center and will cost an estimated $377 million, according to a press release.
“We are delighted to have closed financing and to commence construction of the state-of-art, 700-key Hyatt Regency convention hotel in Salt Lake City," Ambrish Baisiwala, CEO of Portman Holdings, stated in a press release.
This is the culmination of a multi-year effort, a strong partnership with the County, and an innovative financing and execution strategy. We are also pleased to continue our 52-year partnership with Hyatt Hotels that began with the iconic Hyatt Regency Atlanta.
The 686,784 square-foot hotel will have 700 guest rooms and 60,000-square feet of meeting space.
It will also have separate restaurants on the first and sixth floors, a lobby bar and an outdoor amenity area, which includes a pool and 7,500-square feet outdoor terrace.
Salt Lake County Mayor Jenny Wilson said:
We are so excited for this project to come to fruition as it has been many years in the making. This convention center hotel will change the urban landscape of Salt Lake City and help strengthen the local economy
“This is one of the most exciting developments we’ve seen in the last 20 years,” Mark White, Senior VP of Sales & Services for Visit Salt Lake, said in a prepared statement. “It takes full advantage of our stunning mountain backdrop and the downtown’s urban setting. Our sales team now has everything meeting professionals want, and we’re ready to compete for more and larger tradeshows and conventions.”
The hotel is scheduled to open in spring 2022.