What are we doing about the March
04 Plenary? I just got this off the Hyatt website (http://hyattorlando.hyatt.com/):
Corporation announces the impending closure of Hyatt Orlando located at 6375
West Irlo Bronson Memorial Highway, Kissimmee, Florida. After more than 30
years of service to the traveling public and the Orlando area community as a
member of the Hyatt family of hotels, the hotel will close to the public on
Friday, September 12, 2003.
Due to the
unavailability of funds to maintain operations, the hotel is compelled to
close. Since the initiation of bankruptcy proceedings by Orlando Hyatt Hotel
Associates Limited, owner of the hotel, on April 24, 2002, Hyatt attempted to
maintain normal hotel operations at Hyatt Orlando.
In the face of
anticipated operating shortfalls, hotel ownership secured financing to cover
shortfalls expected over the final months of 2003. Hotel ownership and Hyatt
recently were advised by representatives of Lennar Partners, acting in their
capacity as representatives of the hotel lender, that it was directing the
filing of a motion to withdraw the committed interim financing.
Following efforts by Hyatt and hotel ownership to discuss an orderly
transition or closure plan with Lennar Partners and the bankruptcy court's
subsequent decision not to hear an emergency motion to compel the funding of
the previously committed financing this week, hotel ownership directed Hyatt
to commence the immediate closure of the hotel as directed by the owner and
Efforts to avoid a sudden closure have been unsuccessful, and
hotel ownership and Hyatt have been left no alternative but to close the
hotel. Hyatt has no information as to the future of the hotel, which will be
resolved through the bankruptcy proceeding.
Hyatt remains committed to
Orlando and is grateful to the community for the many years of support to
Hyatt Orlando. Hyatt values its relationship with the employees of the Hyatt
Orlando and, to the degree possible, will attempt to offer employment at other
Hyatt hotels in the Orlando-area where positions are available.
with current reservations at Hyatt Orlando will be contacted by Hyatt's
customer service department. Hyatt's Central Reservation Center in Omaha will
no longer be accepting reservations for Hyatt Orlando as of the night
preceding the closure date.
If you have any questions about current
reservations, please call 1-888-694-9288.
Vice Chair, IEEE
AT&T Labs - Shannon
Room B255, Building 103
180 Park Avenue
P.O. Box 971
Florham Park, NJ
Phone: +1 (973) 236-6925
Fax: +1 (973) 360-5877