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Hyatt Hotels Corp's Wholly Owned Subsidiary To Acquire The Peabody Orlando From UST Hotel Joint Venture, Ltd


Wednesday, 28 Aug 2013 08:30am EDT 

Hyatt Hotels Corp announced that a wholly owned Hyatt subsidiary plans to purchase the 1,641-room Peabody Orlando hotel for $717 million from UST Hotel Joint Venture, Ltd., comprised of affiliates of Belz Enterprises and Estein & Associates USA, Ltd. The transaction is expected to close on October 1, 2013, and the hotel will be rebranded as Hyatt Regency Orlando Convention Center upon closing. The closing of the transaction is subject to the satisfaction of customary closing conditions. The purchase price is subject to closing adjustments. 

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