An affiliate of Hyatt Hotels has entered into a franchise agreement with a McGough Development affiliate for a Hyatt Regency hotel in Bloomington, Minnesota, US.

The 302-room Hyatt Regency Bloomington Central Station hotel will include residential, retail and Class A office components.

Expected to open in early 2016, the hotel will have 17,000ft² of meeting space, including an 8,250ft² ballroom.

It will have a full-service restaurant, bar and lounge, indoor pool, fitness centre, a market and coffee shop, and a business centre.

The property will be managed by Aimbridge Hospitality.

Hyatt Americas real estate and development senior vice president David Tarr said: "We are delighted to enhance Hyatt’s brand presence in the Minneapolis-St. Paul metroplex with the first Hyatt Regency in the city of Bloomington, Minnesota."

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By GlobalData

As of 31 March 2014, the company’s executed contract base consisted of approximately 240 hotels or approximately 54,000 rooms.

McGough Development executive vice president Greg Munson said: "We believe that leveraging the strength and innovation of the Hyatt Regency brand as part of the mixed-use complex will attract business and leisure travellers from across the region."