Hyatt House at Regatta Bay

Hyatt House at Regatta Bay is a hotel development opportunity in the Miramar Beach submarket of Destin, Florida. The submarket is geographically constrained and has historically high barriers to entry. Most existing hotels located along the beach are either full-service or unbranded resort-style hotels, with some select service hotels along major arterial roads leading to and from the beach access points. The Hyatt House at Regatta Bay will benefit from good access to major roadways, proximity to public beaches (<1 mile) and be walkable to Destin’s largest concentration of retail and restaurants. Flagged, select service hotels within the market have sold for a premium price in the last five years.

Hyatt House at Regatta Bay is a to-be-built upscale select service, extended stay hotel development opportunity in Destin, Florida. The project will be a 6-story, 146-room hotel operated under the Hyatt House Brand. The 2.9-acre site was acquired in March 2022 from Regatta Bay Investors, Ltd (“Seller”).

Hyatt House hotels are upscale select-service, extended-stay hotels offering modern, apartment-style suites with fully equipped kitchens and separate living and sleeping areas providing guests with the conveniences of home.

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