News for the Hospitality Executive
Construction has Begun for the $50 million Renovation of the
DALLAS – (May 24, 2012) – Construction is under way on a $50 million makeover and upgrade of Hyatt Regency Dallas’ 1,120 guest rooms, bathrooms and corridors, with completion set for year-end 2012. Dallas-based Woodbine Development Corporation, original developer and asset manager of the hotel and adjoining landmark Reunion Tower, is managing the project.
The design team is lead by EDG Interior Architecture + Design of San Rafael, CA, and CamargoCopeland Architects of Dallas. Seeking to capture the identity and personality of “new Dallas,” while aligning with the hotel’s timeless exterior, EDG took an artistic and interpretive approach to creating the new sleek, sculptural guest-room design.
“We selected iconic pieces of furniture, inspired by mid-century classics by Eames and Knoll, to play on the iconic nature of the hotel,” said EDG principal and CEO Jennifer Johanson. “The rooms offer different options for both work and relaxation, incorporating a lounge chair for reading and watching television, a comfortable desk chair, and a chaise lounge where guests can stretch out and soak in the fabulous city skyline views or watch a great Texas sunset on the horizon.”
“We replaced traditional framed art with a sculptural, metallic wall screen extending from the headboard, and a linear ‘river mirror’ created from an abstracted image of the Trinity River. The mirror artfully integrates with the clean-lined millwork wall, which has a warm, taupe finish and includes a desk, bureau and mini-fridge enclosure. The framed, flat-screen, high-definition TV is flanked by a satin-lacquered tower that provides a tidy storage unit for room accessories.”
A richly colored landscape image featured in the art mirror also is woven into the hotel corridor carpeting. The carpet combines with new sidelight towers at the door drops to create a warm,glowing “candlelight” effect in the hallways. New graphics, signage and a state-of-the-art swipe entry system also are included in the transformation. The guest-room entry transitions from ceramic tile to neutral-colored carpet that features a tailored, urban pattern. The completely transformed bathroom is accessed via sliding, modern “barn doors” and includes a backlit mirror, a contemporary, freestanding vanity and an art collage of Dallas-inspired imagery screen-printed onto metal.
“We can’t wait to showcase these new rooms to our customers,” said Fred Euler, general manager of Hyatt Regency Dallas. “This contemporary design has both function and form and will definitely provide a memorable guest experience.”
Clark Contractors, based in Little Rock, Arkansas, is managing the phased construction project. The Dallas office of Neil Locke & Associates is providing FF&E procurement.
About Hyatt Regency Dallas, Hunt Realty Investments, Inc., and Woodbine Development Corporation
The 1,120-room Hyatt Regency Dallas is owned by an affiliate of Hunt-Woodbine Realty Corporation, a subsidiary of Hunt Realty Investments, Inc. (“HRI”). Hunt Realty serves as the centralized real estate investment management resource for Hunt Consolidated, Inc., which is part of the Hunt family of companies directed by Ray L. Hunt. For more information visit www.huntrealtyinvestments.com. Hyatt Regency Dallas features 160,000 square feet of public function space including three ballrooms, two exhibit halls, 56 meeting rooms, and 42 hospitality suites. The silhouette of the hotel and its adjoining landmark 50-story Reunion Tower have given the Dallas skyline worldwide recognition. For more information, visit www.hyattregencydallas.com or call 214.651.1234. Woodbine Development, developer and asset manager of Hyatt Dallas is a 39-year-old, full-service real estate company specializing in hotel/resort, land and mixed-use projects. For more information, visit www.woodbinedevelopment.com
Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements about our plans, strategies, occupancy and ADR trends, market share, the number of properties we expect to open in the future, our expected capital expenditures, depreciation and amortization expense, interest expense and effective tax rate, estimates, financial performance, prospects or future events and involve known and unknown risks that are difficult to predict. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, general economic uncertainty in key global markets, the rate and pace of economic recovery following economic downturns; levels of spending in business and leisure segments as well as consumer confidence; declines in occupancy and average daily rate; our ability to successfully execute and implement our organizational realignment and the costs associated with such organizational realignment; loss of key personnel, including as a result of our organizational realignment; hostilities, including future terrorist attacks, or fear of hostilities that affect travel; travel-related accidents; changes in the tastes and preferences of our customers; relationships with associates and labor unions and changes in labor law; the financial condition of, and our relationships with, third-party property owners, franchisees and hospitality venture partners; if our third-party owners, franchisees or development partners are unable to access the capital necessary to fund current operations or implement our plans for growth; risk associated with potential acquisitions and dispositions and the introduction of new brand concepts; changes in the competitive environment in our industry and the markets where we operate; outcomes of legal proceedings; changes in federal, state, local or foreign tax law; foreign exchange rate fluctuations or currency restructurings; general volatility of the capital markets; our ability to access the capital markets; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
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