SANTA CLARA, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but has learned that Orlando-based Inland American Lodging Group Inc., a wholly owned subsidiary of Inland American Real Estate Trust Inc. has purchased the 14-story, 501-room Hyatt Regency Santa Clara in Santa Clara, Calif., for approximately $93 million or $185,000 per key. The total purchase price may increase to $100 million if certain performance thresholds are achieved at the hotel. 

A Hyatt affiliate will continue to manage the hotel under a new management agreement. The property is being acquired subject to a long-term ground lease and related agreements with the city of Santa Clara, which, among other things, grant the hotel priority use of the convention center as well as other nearby recreational amenities.

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