{"id":1004107543,"date":"2014-11-14T12:40:20","date_gmt":"2014-11-14T20:40:20","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=306488"},"modified":"2020-05-13T01:03:43","modified_gmt":"2020-05-13T09:03:43","slug":"hyatt-acquires-full-ownership-of-hyatt-regency-lost-pines-resort-and-spa-for-143m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hyatt-acquires-full-ownership-of-hyatt-regency-lost-pines-resort-and-spa-for-143m\/","title":{"rendered":"Hyatt Acquires Full Ownership of Hyatt Regency Lost Pines Resort and Spa for $143M"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\">A Hyatt affiliate has acquired its partners\u2019 92 percent interest in the Hyatt Regency Lost Pines Resort and Spa near Bastrop, according to Hyatt Hotels Corporation. The price of the transaction was approximately $143 million.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-306489\" title=\"Hyatt Regency Lost Pines Resort and Spa Austin\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/Hyatt-Regency-Lost-Pines-Resort-and-Spa-Austin.jpg\" alt=\"\" width=\"300\" height=\"169\" \/><\/p>\n<p style=\"text-align: justify;\">The sale also includes the assumption of $65 million of property-level debt. The total price, debt included, is valued at approximately $450,000 per key.<\/p>\n<p style=\"text-align: justify;\">\u201cThis transaction is consistent with our strategy to focus our investing in key areas such as resorts and group-oriented hotels,&#8221; says Steve Haggerty, global head of capital strategy, franchising and select service for Hyatt. &#8220;The resort\u2019s financial and operating success of this property has made it a key asset in our portfolio, and whole ownership affords us greater control of its future.&#8221;<\/p>\n<p style=\"text-align: justify;\">The picturesque resort opened in 2006 and ever since has operated as Hyatt Regency Lost Pines Resort and Spa. The developer of the 491-room resort is Dallas-based Woodbine Development Corporation, which also acted as asset manager and managing general partner of Bastrop Resort Partners, the entity Woodbine formed in 2003. The other original partners were Oklahoma Publishing Co., Cook Inlet Region Inc., and Hyatt Hotels Corporation.<\/p>\n<p style=\"text-align: justify;\">The property sits on 405 acres along the banks of Texas\u2019 Colorado River. The award-winning resort offers more than 60,000 square feet of indoor meeting space and over 240,000 square feet of outdoor space sprinkled with pavilions, an amphitheater, the Wolfdancer Golf Club, Spa Django, Crooked River Water Park, and the Renegade Trailhead equestrian facility. Furthermore, guests can also benefit from the adjoining 1,100-acre McKinney Roughs Nature Park.<\/p>\n<p style=\"text-align: justify;\">\u201cHyatt Regency Lost Pines is a sought-after destination by both leisure and group guests and has strengthened Hyatt\u2019s presence in the Austin area, where Hyatt has a broad spectrum of lodging experiences,\u201d Haggerty says.<\/p>\n<p style=\"text-align: justify;\"><em>Photo courtesy of <a href=\"https:\/\/lostpines.hyatt.com\/\" rel=\"nofollow\" >Hyatt Regency Lost Pines Resort and Spa<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Hyatt affiliate has acquired its partners&rsquo; 92 percent interest in the Hyatt Regency Lost Pines Resort and Spa near Bastrop, announced Hyatt Hotels Corporation. The price of the transaction was oft approximately $143 million.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21742],"tags":[],"class_list":["post-1004107543","post","type-post","status-publish","format-standard","hentry","category-austin","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hyatt Acquires Full Ownership of Hyatt Regency Lost Pines Resort and Spa for $143M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hyatt-acquires-full-ownership-of-hyatt-regency-lost-pines-resort-and-spa-for-143m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hyatt Acquires Full Ownership of Hyatt Regency Lost Pines Resort and Spa for $143M\" \/>\n<meta property=\"og:description\" content=\"A Hyatt affiliate has acquired its partners&rsquo; 92 percent interest in the Hyatt Regency Lost Pines Resort and Spa near Bastrop, announced Hyatt Hotels Corporation. The price of the transaction was oft approximately $143 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hyatt-acquires-full-ownership-of-hyatt-regency-lost-pines-resort-and-spa-for-143m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-11-14T20:40:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-13T09:03:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/Hyatt-Regency-Lost-Pines-Resort-and-Spa-Austin.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hyatt-acquires-full-ownership-of-hyatt-regency-lost-pines-resort-and-spa-for-143m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hyatt-acquires-full-ownership-of-hyatt-regency-lost-pines-resort-and-spa-for-143m\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Hyatt Acquires Full Ownership of Hyatt Regency Lost Pines Resort and Spa for $143M\",\"datePublished\":\"2014-11-14T20:40:20+00:00\",\"dateModified\":\"2020-05-13T09:03:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hyatt-acquires-full-ownership-of-hyatt-regency-lost-pines-resort-and-spa-for-143m\\\/\"},\"wordCount\":311,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hyatt-acquires-full-ownership-of-hyatt-regency-lost-pines-resort-and-spa-for-143m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/11\\\/Hyatt-Regency-Lost-Pines-Resort-and-Spa-Austin.jpg\",\"articleSection\":[\"Austin\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hyatt-acquires-full-ownership-of-hyatt-regency-lost-pines-resort-and-spa-for-143m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hyatt-acquires-full-ownership-of-hyatt-regency-lost-pines-resort-and-spa-for-143m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hyatt-acquires-full-ownership-of-hyatt-regency-lost-pines-resort-and-spa-for-143m\\\/\",\"name\":\"Hyatt Acquires Full Ownership of Hyatt Regency Lost Pines Resort and Spa for $143M - 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