HEI Hospitality, LLC and Taconic Capital Advisors L.P. completed the acquisition of Hyatt Regency Jersey City from Veris Residential, Inc. and Hyatt Hotels Corporation (NYSE:H).
December 30, 2022
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HEI Hospitality, LLC and Taconic Capital Advisors L.P. signed a contract to acquire Hyatt Regency Jersey City from Veris Residential, Inc. (NYSE:VRE) and Hyatt Hotels Corporation (NYSE:H) in second quarter of 2022. In a related transaction, Veris Residential, Inc. signed a contract to sell Office property located at 23 Main Street in Holmdel, NJ in Q2 2022. Total sale price of both the transactions is $132.25 million.
HEI Hospitality, LLC and Taconic Capital Advisors L.P. completed the acquisition of Hyatt Regency Jersey City from Veris Residential, Inc. (NYSE:VRE) and Hyatt Hotels Corporation (NYSE:H) on December 1, 2022. As part of the transaction, Taconic and HEI also assumed a $100 million fixed-rate CMBS mortgage with ample remaining term. Hyatt Regency Jersey City will continue to operate under the Hyatt Regency brand.
Hyatt Hotels Corporation is a global hospitality company. The Companyâs portfolio of properties consists of full-service hotels and resorts, select service hotels, all-inclusive resorts, and other properties, including timeshare, fractional, and other forms of residential and vacation units. Its offering includes brands in the Timeless Collection, including Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt, Hyatt Vacation Club, Hyatt Place, Hyatt House, Hyatt Studios, and UrCove; the Boundless Collection, including Miraval, Alila, Andaz, Thompson Hotels, Dream Hotels, Hyatt Centric, and Caption by Hyatt; the Independent Collection, including The Unbound Collection by Hyatt, Destination by Hyatt, and JdV by Hyatt; and the Inclusive Collection, including Impression by Secrets, Hyatt Ziva, Hyatt Zilara, Zoetry Wellness & Spa Resorts, Secrets Resorts & Spas, Breathless Resorts & Spas, Dreams Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas.
HEI Hospitality, LLC and Taconic Capital Advisors L.P. completed the acquisition of Hyatt Regency Jersey City from Veris Residential, Inc. and Hyatt Hotels Corporation (NYSE: H).
HYATT HOTELS CORPORATION 
