Acquisitions & Hotel Openings

Hyatt Regency Tulsa Hosts Ribbon Cutting Ceremony

The only full-service Hyatt hotel in Oklahoma celebrates its 2011 opening

TULSA, OK - April 19, 2011 - Aimbridge Hospitality and Hyatt Hotels & Resorts hosted a ribbon cutting ceremony on April 14, 2011 to celebrate the launch of Hyatt Regency Tulsa, the only full-service Hyatt hotel in Oklahoma. The 455-room Hyatt Regency Tulsa, located at the corner of 2nd and South Main Street in Tulsa, Oklahoma, is operated and managed by Aimbridge Hospitality under a franchise agreement with a Hyatt affiliate.

Argonaut Private Equity, owner of the hotel, which was previously a Crowne Plaza-branded hotel, invested additional capital for improvements as part of the Hyatt re-branding.

Aimbridge Hospitality, one of the nation’s leading independent hotel investment and management firms that currently owns and/or manages over 70 branded and independent hotels across 20 states and Puerto Rico, began managing the hotel in February 2010.

“After considerable hard work and effort invested in the re-branding of this hotel, we are excited to officially celebrate the new brand introduction of this iconic property in downtown Tulsa,” said Dave Johnson, CEO and President of Aimbridge Hospitality.

The celebration featured a cocktail reception, followed by a ribbon-cutting ceremony and tours of the facility for local dignitaries and members of the business community. Among those who attended was Mayor Dewey Bartlett.

“Hyatt Regency Tulsa is a critical part of our downtown, and I am thrilled that the hotel now carries the Hyatt brand and is managed by one of the nation’s leaders in the hospitality industry,” said Mayor Bartlett.

With 38,000 square feet of conference facilities, the high-rise Hyatt Regency Tulsa is one of the city’s finest meeting venues featuring a contemporary urban style and Southwestern hospitality. Meeting attendees as well as business and leisure travelers enjoy spacious accommodations, fine dining, a day spa, a StayFit@Hyatt gym, and an outdoor swimming pool. Wireless high-speed Internet service keeps guests in touch with the office back home, and a 24-hour business center ensures their ability to take care of business while in Tulsa.

Located in the heart of downtown within Tulsa’s Art Deco district, and bordering the popular Blue Dome District, Hyatt Regency Tulsa features covered walkways to eight adjacent buildings, including the Williams Center and the Bank of Oklahoma (BOK) Office Tower, providing all-weather access to shops, restaurants and local businesses. The hotel is also adjacent to the Tulsa Performing Arts Center, two blocks from the new BOK Center arena, and five blocks from the Tulsa Convention Center and Oklahoma Jazz Hall of Fame.

For more information, please visit www.tulsa.hyatt.com or call (918) 582-9000.

About Aimbridge Hospitality
Aimbridge Hospitality is one of the nation’s leading independent hotel investment and management firms with a proven track record for delivering superior returns for its strategic partners in a variety of markets and economic cycles. Aimbridge provides management, asset management, development, renovation and consulting services. Based in Dallas, Texas, Aimbridge currently owns and/or manages over 70 upscale, independent and branded hotels with nearly 11,000 rooms across the United States and the Caribbean, including such affiliations as Hyatt, Marriott, Hilton, Embassy Suites, DoubleTree, Hilton Garden Inn, Hampton Inn & Suites, Aloft, Wyndham and the Phoenix Inn Suites chain of hotels. For more information on Aimbridge Hospitality, please visit www.aimbridgehospitality.com.

About Hyatt Regency Tulsa
Hyatt Regency Tulsa is located in the heart of downtown within Tulsa’s vibrant entertainment, business and cultural district and features 455 guestrooms and suites, more than 38,000 square feet of state-of-the-art meeting and event space, a 24-hour full-service business center, one restaurant, an outdoor pool and a new 24-hour StayFit@Hyatt gym. For more information, please call (918) 582-9000 or visit www.tulsa.hyatt.com.

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