Construction of the Hyatt Place hotel was supposed to begin this past summer, but ongoing negotiations with the construction company regarding pricing is causing delays.
Bryan Properties, Inc. is the developer in charge of bringing the hotel to the area and has done other development work for Southern Village in the past.
“Bryan Properties is obviously a key community stakeholder in Chapel Hill, and they continue to be involved with a lot of management of Southern Village,” said Lee Storrow, Chapel Hill Town Council member.
“It’s a great firm to be leading the project, because they’re already very invested in Southern Village and Chapel Hill as a whole.”
The delays in construction are minor, said Dixon Pitt, property manager for Bryan Properties.
“It just got pushed back a bit, we’re still working with the builder on coming up with pricing and getting all the figures together,” Pitt said.
Pitt said construction on the hotel should begin any day now.
The opening date has not been officially changed from late 2015, but workers will be pressed to get things done on time.