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BEAVER CREEK, CO-The 273-room Hyatt Regency Beaver Creek Resort and Spa in this ski town is being upgraded to a Park Hyatt by the Chicago-based Hyatt Hotels Corp. There are only eight Park Hyatts, the hotelier’s designation for its top hotels, in the US and 18 in the world.

”This is quite an honor and a vote of confidence for the travel industry,” Maryann Yuthas of Hyatt in Denver tells GlobeSt.com. ”The staff is really excited about it.”

She says the upgrade has been two years in the making.

”We just finished an $8.1-million room renovation, we’ve got a new chef, and we added a new spa,” all which were factors in the upgrade, she says.

It’s the first resort to be named as a Park Hyatt.

”It is fitting that this hotel, in the heart of the Colorado Rockies, should receive the Park Hyatt name,” says Scott Miller, president of the Hyatt Hotels Corp ”It is everything we look for in a Park Hyatt. Its level of service is completely focused on the guests and their needs. The hotel’s underrated elegance perfectly captures the spectacular natural surroundings.”

Fort Worth, TX-based Crescent Real Estate Equities Inc, owns the hotel.

The 20,000-sf spa, Allegria, includes Feng Shui influences and 20 treatment rooms. Chef Pascal Coudouy’s restaurant is ranked as one of the Top 100 in the US by the Zagat survey. The Beaver Creek Mountain location interconnects with more than 1,600 acres of skiable terrain.

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