The 772-room hotel, which has been on the market for months, will keep its name Louis Aguilar / The Detroit News The Hyatt Regency Dearborn, whose owners defaulted on a .5 million loan last year, is under contract to be sold for .5 million and will remain a Hyatt, according to the Chicago broker behind the deal. "It's great news. It's going into the hands of solid buyer" that is a hotel investment company, said Richard George, principal with HREC Investment Advisors. George said Tuesday the owner could not be disclosed at this time. Advertisement The 772-room hotel at 600 Town Center Drive has been on the market for months, after the real estate investment trust Ashford Hospitality Trust Inc, defaulted on its loan. Dallas-based Ashford bought the 34-year-old hotel for million in 2007, George said. The deal should officially close
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