Taking Stock: The Cambridge Hyatt Economic Development Project at 16 Years Old

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It seems like ancient history now, but in the early months of 2002, there was a dramatic addition to the city of Cambridge when the Hyatt Regency Chesapeake Bay officially opened. A few visionary leaders in Dorchester County, DC developers, and most importantly, the Maryland Economic Development Corporation made good on their plans to construct a 400 room, 650 acres, hotel and resort on the shores of the Choptank with the goal of providing a long-term benefit for the then economically struggling center of the Eastern Shore.

At the time, this multimillion-dollar project was seen by some at the time as a remarkable risk. Cambridge was not known as a tourist or conference destination, even though it was located near some of the most remarkable natural resources on the East Coast. It also did not have the advantages of being in a major city, near a major amusement park, or benefiting from a tropical climate. Why stop in Cambridge, the story went, when you could drive another hour and arrive at the beachfront communities in Delaware and Ocean City.

But now that the Hyatt has been in place for sixteen years, The Spy thought it would be a good idea to check in with its general manager, Joel Bunde, who has a unique perspective on this economic development project. That is because Joel arrived in 2005 to be part of the executive management team to run the property for four years, and has now recently returned from another tour of duty to become its general manager. It is that arc of experience that made the Spy interested to hear Joel’s general observations about the Hyatt, the remarkable renaissance of downtown Cambridge, and the collateral soft and hard benefits that have come with the then $155 million investment in the Eastern Shore’s future.

This video is approximately five minutes in length. Additional aerial video content by Micah Berkley.  For more information about the Hyatt Regency Chesapeake Bay please go here.

 

About Dave Wheelan

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