Deal is off for Dearborn Hyatt Regency

http://www.detroitnews.com/article/2...xt|FRONTPAGE|s

A deal for Dearborn's Hyatt Regency hotel has fallen through less than a month before the 772-room hotel was set to change hands and undergo a multimillion-dollar renovation.
In a short statement issued Wednesday, Carlson Rezidor Hotel Group said it had "agreed to terminate the previously announced management agreement" with Royal Realties LLC for the Hyatt.
The hotel chain said Sept. 25 it had signed a long-term management agreement to turn the Hyatt into a Radisson Hotel and promised an immediate "multimillion-dollar renovation" to the property.
Charles Taylor, owner's representative for Royal Realties LLC, could not be reached for comment Wednesday.
Carlson Rezidor, headquartered in Minneapolis and Brussels, Belgium, is a chain that owns Radisson Blu, Park Plaza, Park Inn by Radisson, Hotel Missoni and Country Inn and Suites.