1300 Nicollet Mall Minneapolis, Minnesota, USA, 55403

In March 2011, Haberhill and Starwood Capital entered into a joint venture with Hyatt to purchase the Hyatt Regency Minneapolis for $50 million and invested another $26 million in a comprehensive renovation of all guestrooms, the lobby and restaurants, which was completed in June 2012.

A further $22 million expansion of the Hyatt’s guestrooms and meeting space began at the end of 2012 and is currently underway, with completion planned for July 2013.

We anticipate a capital event on this project in 2014.