JACKSONVILLE-Fortress Investment Group, a New York City-based international global investment fund, has acquired The Hyatt Regency Riverfront Jacksonville hotel here for $53 million.
The deal calculated out to approximately $55,000 per room for the 963-room facility, according to the Jacksonville Business Journal.
The hotel was acquired in 2005 by San Francisco-based Chartres Lodging Group for $67 million. Chartres lost the property to foreclosure last year. CW Capital Asset Management took title to the property last year and was owed $195 million in debt and fees in connection with the hotel. See story in the Jacksonville Business Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
