CSM Lodging, a division of CSM Corporation, has announced the latest addition to the growing hotel management and ownership-company's portfolio: The Hyatt Place® in Lansing Township, Michigan. The six-story, 125-key Hyatt Place Lansing hotel will be located in the Heights at Eastwood adjacent to the Eastwood Towne Center. Along with the Hyatt Place Lansing Eastwood hotel, the Heights at Eastwood will be home to 100,000 sq. ft. of in-line retail and a 125-unit luxury apartment building.
Construction for the new $18.3 million, 82,000 sq. ft. Hyatt Place Lansing Eastwood is expected to commence in early April with a target opening of Spring 2015. This is CSM Lodging’s first joint venture with MDG Development, a development and management firm specializing in projects within North America and Europe.
“We are excited to be a part of the new Hyatt Place Lansing Eastwood and to grow our portfolio in Michigan,” said Bill Upshaw, the president of CSM Lodging. “Our joint venture with MDG Development allows CSM to continue to grow our third party management platform. CSM is also excited to develop our first Hyatt-branded hotel, and we look forward to furthering our relationship with the Hyatt family of brands.”
Kent Gregory, owner of MDG Development said, “MDG has been a leading national build-to-suit developer since our beginning in 2002. The Hyatt Place Lansing Eastwood is an opportunity for us to develop a new relationship with CSM Lodging.” Kent Gregory continued, “To expand our hospitality sector, we are currently reviewing a number of other new hotel developments. We look forward to working with CSM on future opportunities.”
“We are pleased that CSM Lodging, MDG Development and Hyatt, one of most recognizable and upscale lodging companies in the world, plan to open a Hyatt Place in the area’s popular Eastwood Entertainment and Lifestyle Complex,” said Jack A. Schripsema, president/CEO, Greater Lansing Convention & Visitors Bureau.
The new Hyatt Place Lansing Eastwood hotel will be conveniently located at the Lake Lansing Road & US-127 interchange; minutes from highly-ranked Michigan State University and from Michigan's State Capitol.
The Hyatt Place hotel brand has been so successful that it was awarded "Highest in Guest Satisfaction among Upscale Hotel Chains" for 2013 by J.D. Power & Associates.
About CSM Lodging
CSM Lodging, a division of CSM Corporation, acquires, develops and manages quality hospitality real estate investments within select markets across the United States. The company is known for their business ethos of treating their customers and associates with integrity and respect, and for their commitment to the future of the communities in which they live and work.
In 1994, CSM purchased its first hotel in St. Paul, Minnesota. By the end of 2002, CSM had opened 29 hotels and developed a presence in Minneapolis, Portland, Denver, Boston, Detroit, Seattle and Naples. Today, CSM Lodging manages 38 hotels nationwide and continues to achieve awards in design, openings, quality, sales excellence, marketing and revenue management.
CSM Lodging is part of the CSM Corporation family of companies, founded in 1976, which has engaged in the acquisition, development, leasing, management and ownership of quality real estate assets. The extensive portfolio includes retail, office & industrial, multi-family residential, and hotel properties across the United States.