Skyline International Development Acquires Cleveland Arcade and Hyatt Regency Hotel

Toronto-Based Skyline International Development Checks Into U.S. Market With Acquisition Of Historic Cleveland Arcade And Hyatt Regency Hotel

TORONTO, December 21, 2012 – The hotel, restaurants and shops of the historic Cleveland Arcade, one of the best-recognized buildings in downtown Cleveland, have been acquired by Toronto-based Skyline International Development Inc.
The landmark Cleveland Arcade complex, which dates back to 1890 as the first large-scale, indoor shopping mall in the United States and the ninth building to be listed on the National Register of Historic Places, also features a 10-year-old, 293-room Hyatt Regency hotel. The hotel will continue to be managed by Hyatt as a Hyatt Regency, under a long-term management agreement.

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