Cambridge Landmark acquired the Hyatt Regency Milwaukee. The 481-room hotel is located in downtown Milwaukee adjacent to the Wisconsin Center convention facility.
With the closing of this transaction a new franchise agreement has been signed with Hyatt Corporation for the property to continue to operate using the Hyatt Regency brand. The hotel will undergo a multimillion-dollar renovation focused on upgrading the room product, enhancing the lobby and meeting space, and adding other new and exciting amenities.
"This acquisition furthers Cambridge Landmark's strategy of ownership-driven hotel investment with assets in medium-to-large U.S. domestic markets," said Pedro Miranda, managing partner. "With a great property in a premier location, and forthcoming renovations and refurbishments, we anticipate this property will drive long-term value to the expanding Cambridge Landmark portfolio."
Located in the downtown district, the Hyatt Regency Milwaukee is in a prime location near the site of the new multipurpose arena that will be home to the NBA's Milwaukee Bucks. The hotel is also connected via skywalk to the Wisconsin Center. The Hyatt Regency Milwaukee offers two on-site dining options, a business center, fitness center and 33,000 square feet of meeting and event space.