Inland Continues Hyatt Buying Spree With $93M Calif. Deal

Law360, New York (September 24, 2013, 2:50 PM EDT) -- Following the purchase of a duo of Hyatt Andaz hotels, an Inland American Real Estate Trust Inc. unit has also struck a $93 million agreement to snag a Hyatt Regency-branded property located by a major convention center in Santa Clara, Calif., according to a late Monday statement.

Inland American Lodging Group Inc. is scooping up the 501-room Hyatt Regency Santa Clara from Hyatt Hotels Corp. for about $185,000 per room, but has agreed to up the total purchase price to about $100 million if certain performance...
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