New Hyatt Place Hotel Planned for Mason City, Iowa

MASON CITY, Iowa (December 15, 2021) - Main Street Community Capital (MSCCap), a Dubuque, Iowa-based development company, today announced plans to construct a 116-room Hyatt Place hotel in Mason City, Iowa. Meyer Jabara Hotels (MJH) has been selected to manage Hyatt Place Mason City and Conference Center, and will be the third Hyatt Place hotel in the MJH portfolio.

Expected to break ground in early 2022 and open in the summer of 2023, Hyatt Place Mason City and Conference Center will bring the brand's intuitive design, casual atmosphere, and practical amenities, such as expanded food offerings, a fitness center, and indoor pool, to the Mason City area. Adjacent to the hotel, MSCCap plans to also build a conference center that will connect to the Music Man Square/Meredith Wilson Museum by skywalk and accommodate more than 1,500 attendees. The project is expected to break ground in spring 2022, with an anticipated summer 2023 opening.

"Main Street Community Capital is on a mission to revitalize America's cities and towns outside of major metropolitan areas," said MSCCap Founding Partner David-Elias Rachie. "We are one of few developers that seeks out special markets or 'Micropolitans' like Mason City that despite its small population attracts big business and a million tourists each year. With Mason City back to pre-COVID rate and occupancy levels, we are eager to get moving on this hotel project and bring the Hyatt Place brand - known for catering to today's business and leisure multi-tasking travelers - to this market, along with a much-needed conference center.

"Hyatt Place Mason City will bring a new and dynamic product to the marketplace and is a great example of our continued focus on growing premium hotels that will attract business and leisure travelers alike," said Christy Wells, Hyatt's regional vice president of development. "As Hyatt's first hotel in the Mason City area, we are thrilled to collaborate with the teams at Main Street Community Capital and Meyer Jabara Hotels on the milestone project. I want to offer my congratulations and thanks to everyone involved in bringing this standout development to fruition."

Hotel Design - A Tribute to an American Icon

The design concept for Hyatt Place Mason City and Conference Center will pay tribute to famed American Architect and Mason City resident Frank Lloyd Wright. Conceptualized by architecture, engineering, planning, and interior design firm DLR Group of Omaha, Neb., the Hyatt Place hotel and Conference Center will infuse elements reminiscent of the area. Reflective of the landscape will be warm wood tones and colors, adding details in line and patterns reflective of Frank Lloyd Wright's architecture within modern expression. Entering the hotel there will be a sense of community and friendship as the space opens to the bar, surrounding lounge, and fireplace where guests can relax and enjoy conversations and connecting with others. Patterned flooring will enhance the bar and liven up the pre-function area, with tall wood wall screens framing the spaces.

Another design focal point is the modern metal main staircase, which will be surrounded by windows and accented by a sculptural lighting element that creates interest and connects guests to the main ballroom on the lobby level or supplement meeting space above. The pre-function space boasts soft seating so event attendees can enjoy the full conference experience.

"Hyatt Place Mason City and Conference Center will be a popular destination for business and leisure travelers alike," said Justin Jabara, President of Meyer Jabara Hotels. "Whether people are visiting the River City to see stunning Prairie School Architecture, tour Music Man Square, examine beautiful public art, enjoy 80 miles of hiking, biking, and recreational water trails, or attend a conference, Hyatt Place Mason City will be welcome guests both near and far so they may experience the city like never before. We are proud to team up with Main Street Community Capital and manage this expansive facility - one that we believe will quickly become 'the place to be' for business, events, weddings, and leisure. It's a prime location within Mason City, and it's a destination that travelers will surely return to again and again."

For more information about Hyatt Place hotels, please visit hyattplace.com.

The term "Hyatt" is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

About Hyatt Place

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 395 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.

About Meyer Jabara Hotels

With headquarters in Danbury, Conn., Meyer Jabara Hotels is an award-winning hospitality company owning, operating or leasing hotels and restaurants in 11 states throughout the eastern portion of the United States. The company was formed in 1977 as Motel Hotel Associates through the partnership of William Meyer, a specialist in real property law, and Richard Jabara, a second-generation hotelier. Their portfolio of hotels includes Marriott, Hilton, Choice, Hyatt, InterContinental, and Wyndham brands, as well as several independent hotels. The company culture, referred to as "The Journey," is considered by Meyer Jabara Hotels to be their strongest competitive advantage because it challenges and encourages each team to create special relationships, or heart connections, with the key stakeholders: business partners, associates and customers. For more information on Meyer Jabara Hotels, visit www.meyerjabarahotels.com.