Hyatt Hotels Corporation announced the completed acquisition of London-based Mr & Mrs Smith, a global travel platform that provides direct booking access to a carefully curated collection of more than 1,500 boutique and luxury properties. With this addition to the portfolio, World of Hyatt members will soon have even more rewarding stays and experiences to choose from, including more than 20 new countries for Hyatt such as Fiji, Croatia, Iceland and Anguilla. Hyatt acquired 100 percent of the asset-light Mr & Mrs Smith platform for an enterprise value of £53.0 million in cash consideration. The purchase price represents an attractive acquisition multiple in the high-single digits on projected stabilized earnings.
Hyatt announces plans to expand all-Inclusive brand footprint in Mexico
Hyatt Hotels Corporation today announced plans for the 509-room Secrets Playa Blanca Costa Mujeres, which is expected to open later this year, further expanding the Inclusive Collection in Mexico and strengthening Hyatt’s brand footprint. The new resort will join the Inclusive Collection, the world’s largest portfolio of luxury all-inclusive resorts comprised of ten distinct brands.
Hyatt Regency London Blackfriars opens in the United Kingdom
Hyatt Hotels Corporation (NYSE: H) announced today the opening of Hyatt Regency London Blackfriars. Marking a key milestone in Hyatt’s strategic brand growth in the UK capital, the 204-room hotel is the 14th property in the country, demonstrating the United Kingdom as a priority growth market within Hyatt’s diverse and evolving brand portfolio. In the last five years, Hyatt has increased its brand presence in the UK from five to 13 properties, with six of those based in London.
Hyatt announces the opening of four new Bulgarian Resorts
Hyatt Hotels Corporation today announced the openings of Secrets Sunny Beach Resort & Spa, Dreams Sunny Beach Resort & Spa, AluaSun Helios Beach, and Alua Helios Bay, representing the entry of the Inclusive Collection, part of World of Hyatt, into a third European country, complimenting the existing presence of Hyatt’s all-inclusive resort brands in Spain and Greece. The four resorts are now bookable through Hyatt channels, and World of Hyatt members may earn and redeem points at the new Bulgarian properties.
Hyatt plans to expand footprint in Mexico with New Hotels slated to open in 2023 and beyond
Hyatt Hotels Corporation announced the strategic growth of its brand portfolio in Mexico, a top leisure and business travel destination for global and domestic travelers, with new luxury and all-inclusive hotels and resorts that reinforce Hyatt’s commitment to thoughtful growth in key markets. The continued expansion of Hyatt’s Mexico brand portfolio is expected to increase by 30% through 2025.
Hyatt Regency Danang Resort and Spa appoints new General Manager
Hyatt Regency Danang Resort & Spa has appointed a dynamic new management team as its prepares to reveal a series of essential upgrades that will delight guests and position the resort for an uplifted era of exciting and inspiring hospitality. Mr. Adrian Pulido has become General Manager of this 360-key oceanfront resort, which is nestled directly on the soft sands of Non Nuoc Beach, between the heart of Danang and the UNESCO-listed Hoi An Ancient Town.
First Hospitality adds Hyatt place Champaign/Urbana, IL, to growing portfolio
First Hospitality, a national hotel operating and development company assumed management and operations of the Hyatt Place Champaign/Urbana in Champaign, IL. First Hospitality will also manage Punch!, a bar and lounge located at the Hyatt Place Champaign/Urbana.
Hyatt to expand inclusive collection’s brand footprint in the Caribbean
Hyatt Hotels Corporation today announced a multi-property collaboration with Be Live Hotels that will include the growth of the Sunscape Resorts & Spas brand in the Caribbean. The deal is expected to expand Hyatt’s Inclusive Collection, which was introduced following Hyatt’s acquisition of Apple Leisure Group in 2020, by nearly 2,000 rooms.
Hyatt’s growth across Europe, the Middle East and Africa bolsters position as a global leader in luxury
Hyatt Hotels Corporation today shared that 45 percent of the properties that joined Hyatt’s system in 2022 were based in EAME markets and the region’s contribution to the Hyatt growth journey continues into 2023 through a strong pipeline with ten percent of Hyatt’s 117,000 rooms record pipeline, as of fourth-quarter earnings, expected to join the portfolio in EAME markets. Properties classified as lifestyle hotels make up nearly one-fourth of the EAME pipeline, expanding the portfolio to more sought-after leisure destinations and strengthening the World of Hyatt value proposition.
Hyatt completes dream hotel group acquisition
Hyatt Hotels Corporation today announced the completion of the Dream Hotel Group lifestyle hotel brand and management platform acquisition, bringing a vibrant portfolio of lifestyle hotel brands – including Dream Hotels, The Chatwal and Unscripted Hotels – into the Hyatt portfolio. The asset-light acquisition includes 12 lifestyle hotels (nine managed and three licensed), with another 24 signed long-term management agreements for hotels expected to open in the future.
