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to Operate Proposed 1,000 room Convention Headquarters Hotel in San Antonio |
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February 17, 2005 � (SAN ANTONIO) � FaulknerUSA, the developer of the
San Antonio convention headquarters hotel, announced today it has begun
exclusive negotiations with Hyatt Corporation to become the project�s operator.
Hyatt currently operates two properties in San Antonio � the Hyatt Regency San Antonio and the Hyatt Regency Hill Country Resort and Spa � and is recognized as a leader in the hotel industry. �After months of evaluation to find the right hotel operator that will bring the highest quality operating standards to this extensive project, we are excited about a possible partnership with Hyatt,� said FaulknerUSA Vice President Laura Roe. �Hyatt is a proven hotel operator and industry leader that has a long history of service in the San Antonio community.� Should an agreement be finalized, Hyatt would operate the 1,000-room convention headquarters hotel, which is projected to create 600 new jobs. With an estimated project value of more than $200 million, the hotel is scheduled to open in 2008. �The innovative design of the San Antonio convention hotel will truly make it a city landmark,� said Steven Goldman, Executive Vice President, Hyatt Corporation. �Hyatt is looking forward to being a part of this exciting project and enhancing it with our stellar operations, international reservations system and guest services.� Headquartered in Austin, Texas, FaulknerUSA is a national development and construction company with a 40-plus-year record of excellence. |
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Contact:
Terri Dusek 512/652-4037 |