Global private equity firm Lone Star Funds has completed a $55m renovation project across Hyatt Place and Hyatt House properties managed by Aimbridge Hospitality.
Hotel management company Aimbridge is Lone Star’s joint venture partner and manages its properties of Hyatt portfolio.
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As part of the renovation project, a total of 38 hotels in North America were refurbished, which included renewed indoor and outdoor guest areas.
Lone Star North America acquisitions senior managing director Hugh Ward III said: “We are proud of the extensive renovations made on time and on budget at nearly 40 of our select-service hotels in our portfolio, and the feedback from our guests has been overwhelmingly positive.
“We are extremely appreciative of the tireless efforts of Aimbridge Hospitality, our joint venture partner and manager, and Hudson Advisors, our servicer working in conjunction with the talented team at Hyatt to accomplish this impressive project.
“The Hyatt Place and Hyatt House select service hotels within our portfolio are now well positioned to capture increased market share while providing an exceptional guest experience consistent with the Hyatt brand.”
The room renovations undertaken at the Hyatt Place properties included new sofa-sleeper sectionals, new carpeting, bedding, window furnishings, and updated bathrooms with stand-alone showers.
In addition, upgrades were made to the public space with new furniture, technology, a breakfast and bar area offering coffee to cocktails, and the addition of a 24/7 guest market.
According to Lone Star, renovations at the Hyatt House hotels included the addition of the brand’s H Bar, featuring the Sip + Snack menu, a menu including Bar Bites + Shareables, soups and sandwiches, besides beer and wine.
The hotels’ outdoor areas, outdoor commons were also modernised with BBQs and fire pits.
