Canyon Partners invests $49M into new Hyatt House Hotel

Project will be only hotel on USC’s Health Sciences Campus

Canyon Partners is giving a jolt of life to a Hyatt hotel project near Downtown Los Angeles.

The firm provided a $49 million loan for the development of a five-story, 200-room Hyatt House Hotel at the University of Southern California Health Sciences Campus, about three miles northeast of Downtown.

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The new building, which will be the only hotel on the health sciences campus, will include about 18,000 square feet of conference center space and 14,000 square feet for “fast-casual” restaurants, according to a press release from Canyon. The hotel will also include a fitness facility, pool and spa, and a lobby bar.

The developer is an affiliate of The Mayer Corporation.

The investment comes five months after crews started building a pair of new Hyatt projects near LAX. The Westside-based California Real Estate Regional Center – an EB-5 developer – started building a 272-room Hyatt Place LAX and 129-room Hyatt House LAX on Century Boulevard. And Mayer recently renovated the 517-room Hyatt Regency, and expanded the 437-room Hilton Waterfront Hotel, both in Huntington Beach.