David Wani, chief executive officer of Twenty Four Seven Hotels made the announcement.
“The opportunity to bring a leading brand like Hyatt into our management portfolio hits the mark for us strategically in our partnering with top-tier premium franchise companies. Having worked closely with the property’s ownership group for a number of years we are delighted to expand our working relationship with another key asset in Southern California,” said Wani.
“It really is the best compliment to our business when our existing owners continue to entrust Twenty Four Seven Hotels to manage their additional hotel investments,” Wani added.
“Our growing partnership with Twenty Four Seven Hotels has increased our desire to acquire more hotels, and we are confident the Hyatt Place Ontario Mills will be another successful investment under their management,” said Dr. Ock Ja Won, general partner for HPO, LP.
The 128-room property is located on the grounds of Ontario Mills Mall, which features more than 200 retail outlets, restaurants and entertainment options. The hotel is located less than 4 miles from the Ontario Convention Center and the Ontario International Airport.