Hyatt Pulls Brand From Detroit-Area Hotel

The future of what was once the most popular conference hotel in the metropolitan Detroit area has been thrown into question. Hyatt has decided to terminate the branding agreement for the 772-room Hyatt Regency Dearborn after a year of failed negotiations with a group of overseas investors that bought the property for $10 million in 2011. The two sides were unable to agree on what it would take to upgrade the facility to bring its meetings business back to former levels, The Detroit News reports. Hotel analysts interviewed by the paper said the property, which opened in 1976, has had trouble competing with newer hotels, adjusting to changes in the meetings industry and weathering the recent economic downturn, and they doubted another major brand would step in. Hyatt has not set a date for the removal of its name. The hotel has 62,000 sq. ft. of event space. detroitnews.com