The Coralville Marriott Hotel & Conference Center will become the Hyatt Regency Coralville Hotel & Conference Center on August 18, 2021. Marcus Hotels & Resorts of Milwaukee, Wisconsin, a nationally recognized owner and management company and division of The Marcus Corporation (NYSE: MCS), will assume management of the facility on the same date.
“We are excited to partner with Marcus Hotels & Resorts for the future of our hotel and conference center. Their experience, innovation, and leadership in hospitality, particularly in the Midwest, will be an asset to the City and to the hotel’s guests. Their focus on individual hotel properties and communities sets them apart,” said Kelly Hayworth, Coralville City Administrator.
About the Hotel & Conference CenterThe hotel and conference center were planned by City leaders as a catalyst for economic and hospitality development and as an anchor in the redevelopment of a former industrial park and brownfield site. The facility and surrounding development have been honored on a national and regional basis by the prestigious Phoenix Award for transformational redevelopment. The City-owned hotel has been operated by Marriott since opening in 2006.
The landmark property is located in the heart of the Iowa River Landing, a 180-acre mixed-use development featuring more than 330,000 square feet of retail, office, residential and entertainment spaces. Situated just three miles from the University of Iowa, which is ranked as one of the best public universities in the country, the property boasts one of the area’s most desired locations for travelers, as well as large scale meetings, events, exhibitions and more.
“Marcus Hotels & Resorts is thrilled to grow its footprint into Iowa, assume management of this full-service upper upscale hotel and join the vibrant Coralville and Iowa City communities,” said Michael Evans, president of Marcus Hotels & Resorts. “When you look at our hotel portfolio you can see how deep our Big Ten roots run, and we are excited to extend those roots into Hawkeye Country and the broader Eastern Iowa region. We are looking forward to the start of a long and productive relationship with the City of Coralville, and to working with Hyatt to delight our guests and deliver continued operational excellence for this market leading hotel.”
The hotel features 57,588 square feet of state-of-the-art meeting and convention space, boasting an exhibit hall capable of hosting up to 3,000 people, two elegant ballrooms, and 20 flexible breakout meeting spaces. Its well-appointed hotel rooms and suites feature signature bedding, marble baths, Wi-Fi, and Iowa River views. With particular expertise in developing restaurant and special event destinations, Marcus Hotels & Resorts will be working closely with the City of Coralville to cement Hyatt Regency Coralville Hotel & Conference Center as the place to be for both visitors and locals alike. Following the brand transition, the hotel will benefit from a phased renovation focusing on the Edgewater Grille restaurant and all hotel guest rooms, complementing the 2019 renovation of the prefunction space, lobby, ballrooms, Iowa Writers’ Library, and exhibit hall.
“The Iowa City-Coralville area is an exciting destination for so many reasons, including its world class healthcare, vibrant University, growing entrepreneurial hub, and engaging nightlife and cultural scene,” said David Tarr, Hyatt’s senior vice president of development. “We are thrilled to introduce the Hyatt brand to more travelers as we expand into the great state of Iowa, and look forward to a mutually-beneficial partnership with the City of Coralville and Marcus Hotels & Resorts.”
About Marcus Hotels & ResortsWith the addition of Hyatt Regency Coralville Hotel & Conference Center, Marcus Hotels & Resorts owns and/or manages 19 hotels, resorts and other properties in the U.S. The company’s distinctive portfolio includes city-center meeting hotels, upscale resorts, historic properties, and premium branded and independent first-class hotels. Marcus Hotels & Resorts is an approved operator for all major lodging brands. A leader in the hospitality industry since 1962, Marcus Hotels & Resorts creates asset value for hotel owners through its expertise in management, development and product repositioning. This includes premier food and beverage brands such as Mason Street Grill, ChopHouse, Miller Time® Pub & Grill and SafeHouse® Restaurants. For more information, please visit http://media.marcushotels.com and follow the company on Facebook and Twitter (@MarcusHotels).
About The Marcus CorporationHeadquartered in Milwaukee, The Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. In addition to its lodging division, its theatre division, Marcus Theatres®, is the fourth largest theatre circuit in the U.S. and currently owns or operates 1,097 screens at 89 locations in 17 states under the Marcus Theatres, Movie Tavern® by Marcus and BistroPlex® brands. For more information, please visit www.marcuscorp.com.
About Hyatt Hotels CorporationHyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company offering 20 premier brands. As of December 31, 2020, the Company's portfolio included more than 975 hotel, all-inclusive, and wellness resort properties in 69 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top employees, build relationships with guests and create value for shareholders.
The Company's subsidiaries operate, manage, franchise, own, lease, develop, license, or provide services to hotels, resorts, branded residences, and vacation ownership properties, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination by Hyatt™, Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt Zilara™, Thompson Hotels®, Hyatt Centric®, Caption by Hyatt, JdV by Hyatt™, Hyatt House®, Hyatt Place®, tommie™, UrCove, and Hyatt Residence Club® brand names, and operates the World of Hyatt® loyalty program that provides distinct benefits and exclusive experiences to its valued members. For more information, please visit www.hyatt.com.