Hyatt Regency Dearborn is Purchased by Total Realties LLC. to Add to their Detroit, Michigan Hotel Property Portfolio

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The Detroit area hotel features contemporary design and 773 guest rooms.

Hyatt Regency Dearborn

Hyatt Regency Dearborn

“The ownership group is very confident in the area’s recovery. Hyatt has managed this property since its opening over 35 years ago, and we are pleased that the owner is committed to the property’s long term future."
- Arif Hashmi, General Manager

Hyatt Regency Dearborn, a fourteen story contemporary design hotel located in suburban Detroit, Michigan boasting 773 guest rooms, has been purchased by Royal Realties LLC from CW Capital.

Hyatt has a contract to manage the hotel and the hotel is continuing to operate as Hyatt Regency Dearborn. According to Arif Hashmi, the hotel’s General Manager “The ownership group is very confident in the area’s recovery. Hyatt has managed this property since its opening over 35 years ago, and we are pleased that the owner is committed to the property’s long term future. There will be changes and upgrades to the physical facility, but the change in ownership will be transparent to all our customers.”

The Detroit area hotel is located in the Town Center retail complex, next to Ford Motor Co. Headquarters, near old downtown Dearborn and 1.5 miles from The Henry Ford museum near Detroit, Michigan. Town Center is a mixed-use campus offering office space, restaurants and a 160-store retail shopping mall in a suburban park type setting.

About Hyatt Regency Dearborn
Hyatt Regency Dearborn, a 773-room hotel, is located in Dearborn, Michigan a suburb of Detroit. The hotel is situated in the Town Center retail complex, next to Ford Motor Co. Headquarters, near the unique retail and restaurants of old downtown Dearborn and 1.5 miles from The Henry Ford museums including The Henry Ford Museum, Greenfield village, Rouge river Factory and the Henry Ford IMAX® Theatre. Town Center is a mixed-use campus offering office space, a variety of restaurants and a 160-store retail shopping mall in a suburban park type setting. Conveniently locate midway between downtown Detroit and Wayne County International airport, the hotel is 12 miles or about 15 minutes from each via major roadways. Ideal setting for groups and events offering over 60,000 sq/ft of event space and five unique ballroom options, this landmark hotel easily accommodates functions of all sizes. Reservations for Hyatt Regency Dearborn may be made by calling 800-223-1234 or visiting dearborn.hyatt.com.

Forward-Looking Statements
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, 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, the rate and pace of economic recovery following the economic downturn; levels of spending in business and leisure segments as well as consumer confidence; declines in occupancy and average daily rate; 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; 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; fluctuations in currency exchange rates; general volatility of the capital markets and our ability to access the capital markets. A more complete description of these risks and uncertainties can be found in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K. 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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Doug Friess