Olympia Hotel Management Selected to Manage the Brand-New Hyatt Place Harrisonburg

Olympia Hotel Management (OHM) is proud to announce that developer Harman Realty, Inc. of Harrisonburg, Virginia has chosen OHM to manage the new Hyatt Place Harrisonburg. The hotel broke ground on August 2 and is expected to open in September 2020. The general contractor is Harman Construction, Inc.

The city of Harrisonburg is home to James Madison University (JMU), a public research university, and a visitor gateway to nearby Shenandoah National Park. It was rated a “Favorite Town in America” by Travel + Leisure in 2016.

Hyatt Place Harrisonburg will be the city’s newest and most contemporary hotel, conveniently located near Harrisonburg Crossing, the JMU campus and the new convocation center, which is under construction and will add greatly to the area as a convention and concert venue. Hyatt Place Harrisonburg will be the first new select service hotel in the area in several years, and will feature 120 spacious guestrooms, 3,000 square feet of meeting space, ample outdoor seating and 80 seats in the indoor/outdoor panoramic rooftop bar that promises to become a dynamic gathering space for the city.

“We’re really excited that Harman Realty has selected us as their operations partner,” said John Schultzel, Chief Growth Officer for Olympia. “Our track record with Hyatt, our depth in college markets, our experience with rooftop bars, and our best-in-class reputation were all part of their selection rationale. Operating a distinctive select service hotel in a campus community is our favorite kind of work.”

Olympia currently manages five Hyatt-branded properties, including Hyatt Place Chicago-South University Medical Center; Hyatt Place and Hyatt House East Moline/Quad Cities in Moline, IL; Hyatt House Mt Pleasant-Midtown in SC; and Hyatt Place Cleveland/Westlake/Crocker Park in OH. Olympia won Hyatt’s Operating Excellence Award in 2016.

“I have been very impressed with John and the entire team at Olympia,” said Randy L. Harman, CEO for Innovation Hospitality and Harman Realty, Inc. “Their knowledge and professionalism has been very helpful, their hotel staff have been very informative, and their hotel management expertise leave me very confident that they are the right management company to lead our investment into the Harrisonburg market place.”

“As we continue to pursue thoughtful growth, we are focused on working alongside owners and developers who share similar core values and a mutual dedication to excellence,” said Jim Tierney, senior vice president of development and owner relations, Hyatt. “Our relationship with Olympia Hotel Management has grown significantly over the years, and we look forward to working with this exceptional organization as we continue to grow our portfolio of Hyatt Place and Hyatt House hotels.”

Hyatt Place hotels combine style, innovation and 24/7 conveniences to create an easy to navigate experience for today’s multi-tasking traveler. Guests can enjoy thoughtfully designed guestrooms featuring distinct zones for sleep, work and play, and free flowing social spaces that offer seamless transitions from work to relaxation. With more than 300 locations globally, Hyatt Place hotels offer freshly prepared food around the clock, efficient service and differentiated experiences for World of Hyatt members. For more information, please visit hyattplace.com. Join the conversation on Facebook and Instagram, and tag photos with #HyattPlace and #WhySettle.

Harman Realty, Inc. offers a one-stop source for real estate services covering the Harrisonburg, Dayton, Port Republic, Bridgewater, and Broadway, Virginia area. They offer expertise in residential and commercial development and sales as well as property management and hospitality developments and investments. For more info, visit https://www.harmanrealty.com.

Olympia Hotel Management (OHM) is celebrating 50 years of hospitality management in the U.S. Currently working with a portfolio of 26 properties nationwide, OHM is known for managing a new breed of customized campus hotels such as The Alfond Inn at Rollins; independently-owned luxury boutique hotels like The Glen House; owned hotels such as SOPHY® and Inn by the Sea; and receiving multiple best-in-class awards for its work with such select-service brands as Wyndham, Hyatt, Hilton Garden Inn and Hampton Inn. For more information, visit https://theolympiacompanies.com/services/hotel-management/.

Forward-Looking Statements

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by the issuer of this release, are inherently uncertain. You are cautioned not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. Neither the issuer of this release nor any other entity associated with it or its subject matter undertakes any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If one or more forward-looking statements is updated, no inference should be drawn that any additional updates will be made with respect to those or other forward-looking statements.

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