According to James T. Merkel, RockBridge president, the Hyatt Place development site provides "excellent access and visibility" along US 395, the primary north-south corridor through Reno. The new hotel wil be situated at the main entrance to the Reno-Tahoe International Airport and within two miles of the Reno-Sparks Convention Center and Downtown Reno.
A RockBridge statement says that the Hyatt Place expects to capture corporate demand from major employers such as IGT, Microsoft, Intuit and Arrow Electronics. The hotel will offer all-suite accommodations and in-room amenities such as the Hyatt Grand Bed, a living room with large sectional sofa and ottoman, a work area integrated with a 42" plasma television, and complimentary high-speed Internet access.
InterMountain Management, which has 25 years of experience in the hospitality industry, owns and/or operates under flags such as Marriott, Hilton, Starwood, & Hyatt select-service and extended-stay brands. The Hyatt Place Reno represents RockBridge Capital's fifth transaction with InterMountain over the past three years.
RockBridge provides capital to the hospitality industry through its RockBridge Hospitality Funds and First Mortgage Investment Program. The principals of RockBridge have formed and managed nine investment funds totaling nearly $1 billion, across multiple platforms with both institutional and private investors.
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