The Hyatt on Capitol Square Hotel went into receivership several months ago, and according to an inside source, the hotel was just sold to Driftwood Hospitality Management. The Hyatt will be rebranded as a Sheraton hotel on September 1st, retaining most of the staff from The Hyatt.
One part of this deal includes a renovation commitment to the property that includes a $10 million banquet overhaul in addition to room, restaurant and foyer renovations.
We’ll provide more details as this story continues to develop.