Hyatt Plans Nebraska Debut

Construction is scheduled to begin in the second quarter on a new Hyatt Place hotel in downtown Omaha, Neb., Hyatt Hotels Corp. announced last week. Located in Omaha's Old Market district, the hotel will be the first Hyatt hotel in Nebraska.

"We look forward to introducing the Hyatt brand to Nebraska and Omaha and particularly to establishing Hyatt Place in the city and state," said Chris Ivy, senior vice president of real estate and development for Hyatt Hotels & Resorts. "Hyatt Place Omaha Downtown/Old Market will be a valuable addition to the portfolio of urban Hyatt Place locations."

Added Omaha Mayor Jim Suttle, "We are thrilled to welcome Hyatt Place to downtown Omaha, and we think it speaks volumes about the strength of our economy and the appeal of the Old Market area that Hyatt is making the investment to build this hotel. In addition to approximately 50 jobs that the hotel will create once it is opened, the hotel will also bring a great many other economic benefits to our community."

Scheduled to open in 2014, the Hyatt Place Omaha Downtown/Old Market will have 159 guest rooms in a standalone nine-story building. Although it wasn't announced if the hotel would have meeting rooms, or how many, every Hyatt Place hotel has flexible meeting space ranging from 1,000 to 4,000 square feet, depending on the location, according to Hyatt's development website.

"It is a privilege to work with a world-class hotel flag new to the state of Nebraska," said Jon Pesce, vice president of World Group, a full-service commercial real estate firm providing brokerage and property management services, which represented Hyatt in the acquisition of property for the new hotel. "The fact that Hyatt is willing to acquire the property and begin construction quickly is a testament to the strength of downtown Omaha."

Launched in 2006, Hyatt Place is intended to appeal to "multitasking travelers," according to Hyatt, which describes the brand as combining "stylish design and practical amenities with forward-thinking technology and purposeful service." Currently, there are more than 160 Hyatt Place hotels in the United States, with more than 35 under development across the globe in the United States, China, Costa Rica, India, the Netherlands, Panama and Saudi Arabia.