Dearborn Hyatt to Become Radisson Hotel Nov. 1

The Dearborn Hyatt Regency Hotel will transition to a Radisson property Nov. 1, management company Carlson Rezidor Hotel Group announced Tuesday.

A statement from the international hotel group—which manages more than 1,300 hotels in the U.S. and abroad—announced the signing of a long-term management agreement between the company and owner of the property, Royal Realties LLC.

Hyatt announced earlier this year that it would be terminating its lease with the 772-room property, effective Oct. 31.

As of Nov. 1, the hotel will be known as Radisson Hotel & Conference Center Dearborn, Mich.

Leadership at Carlson Rezidor promised to "immediately begin a multimillion-dollar renovation" on the property. Exact details of the transition have not been released.

“This signing marks the beginning of a very promising partnership for us with a hotel that is truly a landmark in the city of Dearborn,” Carlson Rezidor Americas President Thorsten Kirschke said in a statement. “The Radisson Hotel & Conference Center Dearborn is a great addition to our U.S. portfolio and the extensive conference facilities make this hotel a key destination in Dearborn and Michigan.”

“We are thrilled to be joining Radisson during this exciting turning point in the brand’s history,” added Chuck Taylor, owner’s representative for Royal Realties LLC. “We are confident that with the investment and upgrades being made to our property it will make the hotel a favorite for anyone visiting Dearborn for years to come."

Carlson Rezidor Hotel Group has said that they "hope to retain existing hotel employees," of which there are more than 200.

Carlson Rezidor Hotel Group is headquartered in Minneapolis, Minn., and Brussels, Belgium. Learn more about the chain at www.carlsonrezidor.com.