After extensive planning, Visit Salt Lake, Salt Lake County, Portman Holdings and Hyatt Hotels Corporation announced the plans, timeline and details of the long-awaited and much-anticipated Salt Lake convention center hotel during a groundbreaking ceremony held Friday, January 10, at the Salt Palace Convention Center.The 700-room Hyatt Regency Salt Lake City will be located on the southeast corner of the lot on which the Salt Palace Convention Center sits and be built adjacent to the convention center's public space. The 25-floor property will offer 60,000-square feet of indoor meeting space, including a 23,138-square foot Regency Ballroom and a 14,682-square foot junior ballroom, as well as 7,400-square feet of outdoor event space. Estimated to cost $377 million, the project is scheduled to be completed and hosting its first guests in October 2022. The hotel will have a restaurant on the first floor, a lobby bar, another restaurant and fitness center on the sixth floor, adjacent to an outdoor amenity area that will include a pool and terrace for events and other activities.The Salt Lake convention hotel project is being partially financed through the Commercial Property Assessed Clean Energy program which allows for specialty financing to enable green energy design and implementation, one of the first ground-up developments to utilize this program in Utah. The hotel will be directly connected to the Salt Palace for seamless access to meeting and convention attendees staying at the hotel or utilizing its offerings.