The Hyatt Regency Orlando is a 32-story, 1641-room resort hotel, directly connected to the

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, located on International Drive in

Orlando, Florida Orlando ( ) is a city in and the county seat of Orange County, Florida, United States. The city proper had a population of 307,573 at the 2020 census, making it the fourth-most populous city in Florida behind Jacksonville, Florida, Jacksonville ...

History

The hotel opened on November 1, 1986 as The Peabody Orlando, being a

brand extension Brand extension or brand stretching is a marketing strategy in which a firm marketing a product with a well-developed image uses the same brand name in a different product category. The new product is called a spin-off. Organizations use this ...

of the original Peabody Hotel in

Memphis, Tennessee Memphis is a city in Shelby County, Tennessee, United States, and its county seat. Situated along the Mississippi River, it had a population of 633,104 at the 2020 United States census, 2020 census, making it the List of municipalities in Tenne ...

. In 2010, a $450 million renovation of the hotel added a 31-story tower that doubled the number of rooms from 891 to 1641 and added a resort pool complex. This tower, standing , is the second tallest building in metropolitan Orlando, surpassed only by the SunTrust Center. On August 28, 2013, UST Hotel Joint Venture Ltd. sold The Peabody Orlando for $717 million, to

Hyatt Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational corporation, multinational hospitality company headquartered in the 150 North Riverside, Riverside Plaza area of Chicago that manages and franchise ...

. The hotel was renamed Hyatt Regency Orlando on October 1, 2013. In 2024, Hyatt announced that it had agreed to sell the hotel and 45 acres of adjacent land to RIDA Development Corporation and Ares Management Real Estate for $1.07 billion. Hyatt continues operating the hotel through a long-term management agreement. Hyatt president and CEO Mark S. Hoplamazian called this “the largest single-asset sale in Hyatt history.” The new owners announced they will construct a new Grand Hyatt-branded hotel on the adjoining undeveloped land. In August 2024, it was announced that the RIDA/Aires joint venture had completed the purchase of the hotel.

Gallery

File:The Peabody Orlando Original Building.jpg, Hyatt Regency Orlando File:Peabody Hotel, Orlando, FL.jpg, Back side of the Original building in 2007 File:The Peabody Orlando Expansion April 2009.JPG, The new building under construction in April 2009 File:The Peabody Orlando Expansion April 2010.JPG, Expansion Progress in April 2010

References

External links

Hyatt Regency Orlando official website
Hotel buildings completed in 1986 Hotels established in 1986 Hotels in Orlando, Florida Skyscraper hotels in Florida Skyscrapers in Orlando, Florida Hyatt Hotels and Resorts 1986 establishments in Florida 2024 mergers and acquisitions {{Florida-struct-stub