The purchase of the Hyatt Hotel in downtown Rochester by a company formed by area developers Robert Morgan and Dave Christa is official now.
Their company, called “ MC Management of Rochester,” has acquired the hotel on East Main Street for $16 million. They bought it from a private equity firm, the Blackstone Group.
The partners have said they plan to do $15 million worth of renovations at the hotel, including updating the more than 330 rooms there, the lobby, and re-launch what they say will be a new restaurant concept.
The developers have said the renovations are required by the hotel chain in order to retain the Hyatt brand for that location.
