Columbus Hyatt put up for sale

The 400-room Hyatt on Capitol Square has been put up for sale by its California-based owner, which bought the hotel in 2007, just before the recession hit. The hotel is expected to continue normal operations.
The property is valued at $30 million for tax purposes, but there is no set asking price for the hotel, which is listed with broker Jones Lang LaSalle.

Hertz Investment Group of Santa Monica paid $30 million for the hotel at 75 E. State St. in September 2007, according to the Franklin County auditor's website. Hertz also bought the office tower that is attached to the Hyatt for $42.5 million in August 2007. That building is not listed for sale.

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