Dynamic City Capital (DCC), a Provo-based real estate investment firm focused on acquiring and developing premium-branded hotels, has announced the acquisition of the Hyatt Place San Francisco Downtown. The transaction was completed on Jan. 28 and is the company’s first acquisition of 2022.
“The Hyatt Place San Francisco Downtown is an excellent addition to our portfolio. The brand, market, and specific location fit our strategy to acquire best-in-class hotels in prime markets,” said Ryan Phelps, DCC’s chief investment officer. “We are thrilled to make this acquisition and look forward to our 2022 pipeline of opportunities.”
Dynamic City Capital, founded in 1992, is a privately held real estate investment and asset-management firm. After opening the first Marriott-franchised hotel in the state of Utah in 1991, DCC has been involved in the development, acquisition and management of hotel assets throughout the United States, representing the hotel brands Hilton, Hyatt, IHC and Marriott. The firm made seven acquisitions in 2021.