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Investors - AUGUST 20, 2019

Harman Realty forms JV with Olympia

by Released

Harman Realty has appointed Olympia Hotel Management to manage the new Hyatt Place Harrisonburg in Harrisonburg, Va. The hotel’s developers broke ground on Aug. 2, and it is expected to open in September 2020.

Hyatt Place Harrisonburg will be the city’s newest and most contemporary hotel, conveniently located near Harrisonburg Crossing, the James Madison University campus and the new convocation center, which is under construction and will add to the area as a convention and concert venue. Hyatt Place Harrisonburg will be the first new select-service hotel in the area in several years, and will feature 120 guestrooms, 3,000 square feet of meeting space, ample outdoor seating and 80 seats in the indoor/outdoor panoramic rooftop bar that promises to become a dynamic gathering space for the city.

Olympia currently manages five Hyatt-branded properties, including Hyatt Place Chicago – South University Medical Center; Hyatt Place and Hyatt House East Moline/Quad Cities in Moline, Ill.; Hyatt House Mt. Pleasant – Midtown in South Carolina; and Hyatt Place Cleveland/Westlake/Crocker Park in Ohio. Olympia won Hyatt’s Operating Excellence Award in 2016.

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