KEY WEST, FL—Affiliates of Hyatt Hotels Corporation have completed the sale of Hyatt Resident Group (HRG) to Interval Leisure Group, a global provider of non-traditional lodging across a broad spectrum of the vacation industry.
The HRG portfolio includes three shared ownership projects in Key West—Hyatt Sunset Harbor, Hyatt Beach House and Hyatt Windward Pointe. As part of this transaction, Robert Spottswood, the developer of and longtime partner in the Key West projects, sold his partnership interests to HRG.
“Robert played an important role in the formation of Hyatt Residential Group and was a key part of the initial leadership team,” said Steve Haggerty, global head of capital strategy, franchising and select-service for Hyatt. “We are delighted that Robert will continue to be involved with hotel development projects, including Hyatt Place Marathon/Florida Keys that is scheduled to open early next year. We thank Robert for his numerous contributions to Hyatt Residential Group and look forward to working with him in the future.”