Development authority approves estoppel and lease assignment for Kimpton hotel conversion
The joint Hapeville development authorities approved an estoppel and assignment allowing the Kimpton hotel to move to new ownership and convert to a Hyatt Regency; the lender will be granted cure rights before any lease termination and the property will receive interior refreshes and a new marketplace.
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The Hapeville Development Authority, meeting jointly with the Development Authority of the City of Hapeville, voted to approve an estoppel certificate and assignment tied to a change in ownership of the Kimpton hotel.
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