Hyatt Regency Birmingham
The Hyatt Regency Birmingham is a hotel on Broad Street in the city centre of Birmingham, England. Hyatt Regency Birmingham stands at a height of 75 metres (246 feet) 24 floors[1] and has 319 guest rooms.[2] The hotel has a blue glass exterior facade, and stands across the road from the International Convention Centre.[3] The hotel was built, and is run by, Hyatt Regency Birmingham Ltd. This company is a public-sector/private-sector partnership between the Hyatt Corporation, Trafalgar House, and Birmingham City Council.[4] The hotel cost £37 million to build, with £1.5 million of that being provided by the city, which also donated the building site, which was, according to estimates, worth £615,000 in 1987.[5] In April 2002, the company (with the NEC Group as the third majority shareholder, after the demise of Trafalgar House) put the hotel building up for sale.[2] In November 2002, the hotel was sold to London Plaza Hotels for £27.5 million, with Hyatt Regency Birmingham Ltd continuing to operate it.[6] Birmingham City Council made a £5 million profit on the sale, from its 17.5% stake in the hotel, which it used to pay off debt.[7] The hotel was specifically constructed to have close ties to the International Convention Centre, including a private-access bridge that joins the two.[7][8] This easy to secure link was one factor in attracting the 24th G8 summit to the city,[7] as well as the 2000 NATO Meeting of Defence Ministers.[9][10][11] The Hyatt Hotels Corporation bought the hotel out of administration in 2012 for £27 million. In 2014, they made a £6 million investment into the hotel which included a new pub with a heated terrace which opens onto Broad Street - The Gentleman & Scholar Pub and Terrace. In 2016, the hotel was bought by a Middle East investment group (an affiliate of Sharjah-based Bin Otaiba) for £38.6 million. The hotel will keep its Hyatt Regency branding. The purchaser plans to spend approximately £2.7 million over the next three years on improving the venue. [12] As a result of its links with the conference centre, the Hyatt is the base for the Prime Minister when the Conservative Party conference is hosted in Birmingham.[13] References
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