Next month, Ensemble Real Estate Investments will hold an official groundbreaking ceremony for a new Hyatt Place hotel at Pasadena's Paseo Colorado.

The six-story building, slated for the northwest corner of Green Street and Los Robles Avenue, will feature 186 guest rooms in addition to commercial space and amenities.

Ensemble announced the closing of a $31.1-million construction loan for the project last year, and expects to complete work in the third quarter of 2018.

Recent years have also seen the completion of a Residence Inn hotel nearby.