Developer Reacquires Downtown Bethesda Hotel

Hyatt Regency Bethesda may lose the Hyatt name next year


Published:

Hyatt Regency Bethesda

via Hyatt Regency Bethesda

The 390-room hotel at the center of downtown Bethesda no longer may be known as a Hyatt come next year.

According to the Washington Business Journal, real estate investment firm The Meridian Group has reacquired the 12-story Hyatt Regency Bethesda at 7400 Wisconsin Ave. for an undisclosed price.

The deal includes plans to renovate the hotel’s lobby, guest rooms, bathrooms and common areas. It also includes a partnership with Highgate Hotels, a hotel management firm that will take over operations at the building.

According to the Washington Business Journal report, Meridian and Highgate are deciding whether the hotel will retain the Hyatt name and brand once its management agreement with the hotel chain expires at the end of the year.

The Meridian Group owned at least a stake in the hotel from 1999 to 2010 before the property was sold for $106 million at a foreclosure auction in August 2012. The developer has experience owning other properties on the Bethesda Metro Plaza. In 2011, the company sold 3 Bethesda Metro Center, a 17-story office building, to Brookfield Office Properties.

That move came after Meridian was denied a chance to develop a new 16-story office building next door, thanks in part to opposition from neighboring property owners such as Clark Enterprises and the Chevy Chase Land Co.

Brookfield is attempting to convince county planners to allow a new high-rise building on roughly the same spot. Neighbor Clark Enterprises is again fighting the idea.

Back to Bethesda Beat

Edit Module
Edit ModuleShow Tags

Archive »Related Articles

Police Blotter: Burglars Swipe TV from Apartment, Hit Another Car While Driving Away; Girl with Knife at Wootton High School Arrested

Crimes reported to Montgomery County and Rockville police from Sept. 27 to Oct. 3

Small Bites: Pines of Rome Opens in New Location, Reports Uptick in Customers

Plus: Urban Butcher unveils “meat mountain” for two; Bibibop named “hottest new concept;” brunch at Addie’s

B-CC Students, Parents Hustle To Get Tickets To Sold-Out Homecoming Dance

Principal says growing school enrollment could require limiting guest attendance in future

Firefighters Respond to Gas Leak in Woodmont Triangle

Incident happened at former Parva Latin restaurant building on Woodmont Avenue
Edit ModuleShow Tags Edit Module
Edit Module
Edit ModuleShow Tags

Sponsored Content

Wireless Telecommunication Community Meeting

Join Montgomery County on Monday, October 23, in Rockville to discuss proposed zoning changes to address deployment of microtowers and small cell antennas.

Interested in Learning More About the Democratic Candidates for County Executive?

Join The Greater Bethesda Chamber of Commerce and Bethesda Beat as we host a debate featuring the Democratic Candidates for County Executive on November 15. Click to get your free tickets.
Edit ModuleShow Tags

More »

New Construction

Potomac, $1,999,999

Remodeled Colonial

Potomac, $1,075,000

Classic Chevy Chase Colonial

Chevy Chase, $1,319,000

Stunning Updated Tudor

Bethesda, $1,529,000

Transformed Colonial

North Bethesda, $1,295,000
Edit Module

Profiles

Your Guides to Leading
Local Professionals

Edit Module
Edit ModuleShow Tags Edit Module

Edit Module