MK Structures Sale of Hyatt Regency Austin, Texas, on Behalf of Hyatt Hotels Corporation

Dallas, Texas | Molinaro Koger announced today their role as advisor to Hyatt Hotels Corporation in the sale of the Hyatt Regency Austin, Texas, to Fairfield Residential LLC. The four-star, 446-room hotel located in Austin’s thriving central business district will continue to be managed by Hyatt Hotels Corporation following the sale.

“The hotel provided a compelling investment opportunity given its strategic location within the central business district, fronting Town Lake and close to Austin’s recently expanded convention center,” said Mark Rome, Senior Vice President in Molinaro Koger’s Dallas office.

“The purchaser was particularly motivated by the combination of the hotel’s upscale facilities, solid business drivers and the potential upside in the excess real estate included with the hotel purchase,” said Mr. Rome.

“Fairfield Residential plans to complete a substantial renovation of the hotel’s guest rooms and public spaces in accordance with Hyatt’s requirements for elegance and guest comfort” said Mr. Rome. “Additionally the new owner is proposing to develop upscale residential units and specialty retail shops on the surplus land.”

Ranked Number 1 on Forbes magazine’s Best Places for Business list in 2003 and number 3 on the list in 2004, Austin is anchored by a high quality of life, temperate climate and a diverse economy which includes government, high technology, education and classic Sunbelt expansion.

The high-rise, 17-story atrium Hyatt Regency Austin enjoys direct frontage on Town Lake’s south shore with spectacular views and access to the popular hike/bike path along the lake. The 446-room hotel also features 18 suites, concierge service, business center, 23,210 square feet of meeting and function space, La Vista restaurant, Branchwater lounge and Perks Coffee Kiosk.

For further information about this transaction and current listings, please contact Molinaro Koger at 703.760.9600 or via .

About Molinaro Koger | Molinaro Koger is an international hotel real estate advisory firm. The company structures hotel transactions of boutique through luxury market segment assets throughout the Americas and Europe. MK is headquartered in metro-Washington, DC, and has offices in London, Atlanta, Chicago, Cincinnati, Dallas, Los Angeles, Phoenix and San Francisco. During the past decade the firm has captured the industry’s leading hotel transaction awards including Highest Volume, Largest Transaction and Salesman of the Year.

Joseph Molinaro founded the firm in 1959, and since then Molinaro Koger has successfully marketed hotel real estate, sponsored limited partnerships, and arranged financing for purchasers. Given the cyclical nature of real estate, the firm has weathered an array of highs and lows during the course of its 45-year history. Through this time, the company has grown and assisted clients in achieving their investment goals.

“With each lodging real estate cycle we gather strength, expertise and contacts enabling us to better serve the best interest of our clients regardless of economic cycles,” says President Robert Koger. “The results we achieve are directly attributable to the commitment and expertise of our professional staff.”

Molinaro Koger can be accessed online at www.mkhotels.com.