Hotel Online  Special Report

FaulknerUSA Exclusively Negotiating with Hyatt Corporation
to Operate Proposed 1,000 room Convention
Headquarters Hotel in San Antonio


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. 



Terri Dusek 
Also See: Woodbine Development Corporation Obtains $74.25-million Construction and Permanent Loan for $135-million Hyatt resort Near Austin, Texas / September 2004
San Antonio's August, 2003 Hotel Tax Collections Up 10.7% Compared to Previous August; Hyatt Regency Hill Country Resort Had Best Summer of its 10-year History / September 2003
Steven DeFelice Named Director Of Sales & Marketing For Hyatt Regency San Antonio / January 2005

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