{HBR_LEAD_468x60.media}

Business & Finance

Dimension Development Adds the 263-Room Hyatt Regency Westlake to Its Portfolio

NATCHITOCHES, LA. September 4, 2017 - Dimension Development announces the addition of the Hyatt Regency Westlake to its growing portfolio. This is their 3rd hotel in the Hyatt family, and 59th hotel overall. "We've had success with our Hyatt properties and this is a great asset to add to our portfolio. Our team will make a tremendous impact at this property," said Tim Horton, Senior Vice President of Operations for Dimension Development.

Timothy Bristol, Vice President of Operations and Gigi Siemsen, Regional Director of Sales and Marketing, will oversee transition and corporate management of the hotel. "The Hyatt Regency Westlake is an incredible hotel with a strong team. We've had great success with our hotels in the greater Los Angeles market and look forward to producing similar results with this new hotel," said Gigi Siemsen.

Located in Westlake, CA between Los Angeles and Santa Barbara, The Hyatt Regency Westlake is minutes from the scenic beaches of Malibu and Santa Monica mountains. The Mediterranean style hotel features 263 guestrooms, restaurant & lounge, over 25,000 sq.ft. of function space and cascading waterfalls and gazebo for unique weddings and occasions.

For more information, or to book your next stay at The Hyatt Regency Westlake visit: westlake.regency.hyatt.com or call: 805-557-1234

About Dimension Development

Dimension Development Co. was founded in 1988, and has successfully developed, acquired and managed full-service, all-suite, and limited feature hotels. The company's various hotel partnerships have produced winning combinations in markets throughout the country. Dimension is a growth-oriented hospitality management company. Its current portfolio consists of more than 59 hotels across the US with the leading brands: Marriott International, Inc., Hilton Worldwide, Hyatt Global and Resorts and InterContinental Hotel Group. For more information about Dimension Development Co., please visit www.dimdev.com

Contact:
Development@dimdev.com

Coming Up In The December Online Hotel Business Review




{300x250.media}
Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotelís operation that isnít touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law Ė real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott Internationalís acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important Ė the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding itís much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.