News for the Hospitality Executive
Innisfree Hotels, Inc. and Affiliates Sign Franchise Agreement
for a 127 room
Hyatt Place® at the Pensacola Gulf Coast Regional Airport
Pensacola, Fla.–June 23, 2009–Innisfree Hotels, Inc., in partnership with Hyatt Hotels & Resorts, announces plans to build a 127-room Hyatt Place® hotel in Pensacola, Fla. that connects directly to the Pensacola Gulf Coast Regional Airport. Expected to break ground early next year, the hotel combines state-of-the-art amenities and modern design to create an atmosphere of casual hospitality.
The franchise agreement for the development and operation of the Hyatt Place hotel was executed between Leading Edge Hotels, LLC and Hyatt Place Franchising, L.L.C. Leading Edge Hotels, LLC will hire Innisfree Hotels, Inc. to operate the hotel.
“We are very excited to bring Hyatt Place to Pensacola,” said Julian MacQueen, founder and CEO of Innisfree Hotels, Inc. “The hotel will be an exciting option for all travelers, especially tech-savvy business travelers who will enjoy the conveniences of home in a contemporary environment.”
Designed with multi-tasking business and leisure travelers in mind, Hyatt Place hotels feature a balanced blend of comfortable and functional including:
Pensacola Gulf Coast Regional Airport is Florida's seventh busiest airport with more than 1.5 million passengers passing through it annually. The airport's significant growth in recent years prompted the City of Pensacola, which owns and operates the airport, to embark on a $51-million improvement project to the airport's terminal and rental car service areas in 2008.
Sandspur Development, LLC, an affiliate of Innisfree, has leased 11.44 acres of land from the City of Pensacola at the airport. The Hyatt Place will be the centerpiece of this $24-million investment project that will ultimately include upscale shops, restaurants and professional offices. Sandspur will begin marketing other parcels at the project in the coming weeks. The project is expected to employ more than 500 individual tradesmen during construction of the various improvements and permanently employ more then 235 people.
Hyatt Place hotels are open in more than 130 locations nationwide, including Atlanta, Birmingham, Chicago, Cincinnati, Dallas, Houston, Louisville, Miami, Phoenix, Orlando, San Antonio, Tampa and Washington, D.C.
About Innisfree Hotels, Inc.
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|Also See:||Innisfree Hotels Converts the Hilton Garden Inn Pensacola Beach to Full-Service Hilton / July 2007|
|Innisfree Development Names Townsend President / February 2007|