Hyatt sells Hub property to trust

Hotel will maintain its Regency flag

By Katie Johnston Chase

Globe Staff / March 20, 2010

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Hyatt Hotels Corp. has sold the Hyatt Regency Boston, one of the three local Hyatt hotels that fired their entire housekeeping staffs last year and replaced them with lower-paid subcontracted workers. The Chesapeake Lodging Trust, a lodging real estate investment trust of which Hyatt has a 4.9 percent ownership stake, purchased the 498-room property for $112 million, but Hyatt will ... (Full article: 546 words)