Purchased by AVR in 2017, the 330-key Hyatt Regency Princeton is well-situated along the Route 1 Business Corridor in the prestigious Carnegie Center office park. It is the closest branded hotel to downtown Princeton and Princeton Junction train station. With 32,000 SF of meeting and event space, the Hyatt has been the hotel du jour for holiday parties and events for decades. While it is the highest-ranking hotel on TripAdvisor already, AVR has made various improvements. Soon to open is Laurea, a new, full-service Italian restaurant and bar with its own entrance, outdoor seating, an expo kitchen, steel bar tower, pizza oven, private dining rooms and custom artwork as well as The Laurea Market, a grab-and-go café, market and gelateria. AVR also expanded and renovated the fitness center.