Rushi Shah Acquires Hyatt Regency Green Bay

The investor purchased the hotel and neighboring convention center rights for $8.4 million in July 2026.

Updated on Oct. 26, 2026 in Hospitality

Isometric editorial illustration showing a geometric, modern commercial building facade, representing a hospitality real estate transaction. — Investor Rushi Shah finalized the $8.4 million purchase of the Hyatt Regency Green Bay and its adjacent convention center operations in July 2026. AI Illustration. Upload story photo >

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Rushi Shah finalized the purchase of the Hyatt Regency Green Bay and the operational rights to the adjacent convention center in July 2026. The transaction follows three months of negotiations with the property's previous owner, Scarlett Hotel Group.

Why it matters

Shah intends to add the hotel to his family investment firm's portfolio, citing Green Bay as a stable market with a limited supply of hotel rooms. He plans to pursue a strategy focused on long-term growth and increased venue utilization.

The property, built in 1985, currently maintains an annual occupancy rate of approximately 60% and hosts 200 events annually. The new owner plans to invest $16.8 million into interior renovations while aiming to double the total number of yearly events.

The players

Rushi Shah

He is the CEO of Mag Mile Capital and spearheaded the investment in the Green Bay property.

Scarlett Hotel Group

The firm serves as the hotel management company and previously owned the property.

Josh Schoggins

He continues to serve as the general manager for the Hyatt Regency Green Bay.

One Management Bank

The financial institution provided funding for the purchase of the hotel property.

The details

Scarlett Hotel Group will continue to operate the property under its current management structure with Josh Schoggins remaining as the general manager. The deal, which also included convention center operational rights, was financed in part with support from One Management Bank.

The hotel structure was originally built in 1985.
The property was officially rebranded as a Hyatt Regency in 2016.
A Hyatt subsidiary sold the hotel in 2024 after purchasing it in 2020.
Rushi Shah completed his purchase of the hotel in July 2026.

Market Landscape

The acquisition highlights a rapid valuation shift in the regional hospitality market compared to the 2024 Scarlett Hotel Group purchase of the same property. This move intensifies the local hotel sector's consolidation as investors seek to capitalize on supply constraints.

Guests should expect significant changes to the property's interior as $16.8 million in renovations are rolled out. The planned increase in event hosting may lead to more frequent venue bookings and higher activity levels within the convention center area.

The takeaway

Investors often view cities with limited hotel supply as prime targets for long-term capital appreciation and operational improvement. Travelers looking for upgraded amenities should anticipate ongoing site enhancements at the property over the coming years.