Dewey Beach Enterprises and an affiliate of Hyatt Hotels Corp. have reached an agreement on an upscale hotel for the  Ruddertowne complex in Dewey Beach, Del.

The announcement came after developers prevailed in a court battle.
“This is a watershed event for a world-renowned hotel company such as Hyatt to choose Dewey Beach,”  said Jim Baeurle, Dewey Beach Enterprises  executive director and partner.
“This agreement further validates our unwavering belief that Dewey Beach is a unique resort destination  with unlimited potential for extended seasonal growth,” Baeurle said, noting that DBE’s achievement in  securing the Hyatt Place franchise will have a positive economic effect on property values, year-round  employment, and family entertainment choices in Dewey Beach.
Meyer Jabara Hotels, a hospitality company owning and operating   hotels in  13 states, has been retained by DBE to operate the new Hyatt Place hotel and adjacent conference  center.
DBE will now resume its construction activity on Phase 1 of the project, which first began last summer,  so that Hyatt Place Dewey Beach can begin marketing and accepting reservations starting May 2013.
The  mixed-use redevelopment project will include residential condominiums, retail stores and  restaurants, hotel complex and conference center, and public amenities. The project will create hundreds  of construction and permanent jobs, according to a release.

Hyatt’s other Delmarva Peninsula hotel is in Cambridge, Md.  It’s the first hotel in Delaware for the Chicago company.