City Receives Purchase Offers for Hyatt Regency Hotel
The City of Wichita has received two submitted “Offers to Purchase of the Hyatt Regency Wichita Hotel.” The offer submissions are listed on the City’s purchasing website, and can be found here.
“The City received local, regional and national interest and inquiries regarding the possible sale, which is indicative of the continued growth and interest in the Wichita region.” Said Scot Rigby, Assistant City Manager/Development Assistance Director.
The City of Wichita issued a Request For Proposals (RFP) in April of 2016 in order to seek qualified Offers to Purchase for the Hyatt Regency Wichita. The next steps in the process include staff reviewing, conducting due diligence of each of the offers, and then recommending the Wichita City Council either enter into a purchase agreement discussions or retain the property.