Hyatt announced qualified intermediary acquired The Peabody Orlando hotel from UST Hotel Joint Venture for $717M and rebranded it as Hyatt Regency Orlando

Chicago, Il, USA, 2013-10-03 — /travelprnews.com/ — Hyatt Hotels Corporation (the “Company” or “Hyatt”) (NYSE: H) announced today that a qualified intermediary acquired The Peabody Orlando hotel from UST Hotel Joint Venture, Ltd. in a like-kind exchange transaction, for approximately $717 million (subject to standard and customary proration and closing adjustments).  The hotel has been rebranded as… Read the full press release