In August 2004 the Blackstone Group paid $800M to acquire Prime Hospitality. Among the most prestigious private equity and investment management firms in the world The Blackstone Group' ( is a company that provides Private equity, financial advisory One of the acquired brands was the AmeriSuites hotel chain. AmeriSuites Hotels was a hotel chain owned by Global Hyatt. It was originally founded by Mark Yale Harris Global Hyatt purchased the AmeriSuites brand in December 2004 and started renovations and re-branding to Hyatt Place in early 2005. Global Hyatt Corporation is a Chicago, Illinois, based holding company for several hotel brands and related businesses Over one hundred Hyatt Place hotels are planned to be completed by the end of 2007. The first four are located in Chicago, Scottsdale and Atlanta (one at the airport and one at the Perimeter Centre). Chicago (ʃɪˈkɑːgoʊ is the largest City by population in the state of Illinois and the American Midwest of the United States. Scottsdale is the name of several places Scottsdale Arizona, United States Scottsdale Tasmania, Australia Scottsdale
Hyatt Place is a select service offering. Its main differentiators include a number of high tech self-service facilities, and free wireless connectivity throughout all the hotels. Wireless communication is the transfer of information over a distance without the use of electrical conductors or " Wires quot The rooms include forty-two inch televisions, office desks, double beds and have the facilities to allow visitors to integrate laptops, DVD players, and MP3 players with the plasma TVs. A digital audio player, more commonly referred to as an MP3 player, is a Consumer electronics device that stores organizes and plays audio files Some Also, a hot breakfast buffet is available for a nominal fee. The accommodation is targeted primarily at business travelers and is similar to Courtyard by Marriott and Wingate Inn by Wyndham. Courtyard by Marriott is a brand of hotels owned by Marriott International. Wingate By Wyndham formerly known as Wingate Inn, is a brand of independently-owned hotels that targets business travelers
The design and stylings of the hotel have a modern European flare.