New Hyatt-branded hotels are planned for
London, Reykjavik, Helsinki, Prague, Lisbon, and Edinburgh, some of
the most sought-after destinations in the world
Hyatt Hotels Corporation (NYSE: H) today announced plans to grow
its brand portfolio in Europe significantly by the end of 2023 with
more than 20 executed managed and franchised deals for new hotels
in some of the most desirable destinations in the world. These
properties are expected to join 63 Hyatt-branded hotels across nine
distinct brands in 22 European countries. Andaz, Alila, and Hyatt
Centric – Hyatt’s lifestyle brands – and The Unbound Collection by
Hyatt – one of Hyatt’s independent collection brands – make up half
of Hyatt’s executed deals in Europe. This growth is fueled by a
growing desire from travelers, World of Hyatt members, and owners
for hotels that offer unique, differentiated experiences that
foster genuine connections with people and cultures.
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“Hyatt is in the process of transforming the hotel landscape in
Europe with planned openings for new Hyatt-branded hotels in some
of the most sought-after leisure destinations in the world,” said
Peter Norman, senior vice president real estate and development
EAME/SWA, Hyatt. “Supported by strong brand recognition and demand
for the high-quality experiences for which Hyatt is known, we look
forward to welcoming guests and World of Hyatt members in these key
European destinations. Further, with half of Hyatt’s executed
pipeline in Europe consisting of franchise agreements, we are
thrilled to collaborate with a number of new, as well as existing,
owners to bring these exciting projects to fruition.”
Norman continued, “Because of today’s unprecedented business
climate, owners of independent hotels are understandably looking
for a reputable brand with strong distribution channels for added
support, which makes hotel conversions a big growth driver for
Hyatt through our independent collection brands, including The
Unbound Collection by Hyatt. At Hyatt, we have always taken a
flexible and thoughtful approach to crafting deals that benefit
both parties, and now more than ever, the success of that approach
is evident. Because Hyatt-branded hotels have not oversaturated
many European markets, we continue to intentionally grow our brands
in places that matter most to our guests.”
In the United Kingdom, which remains a priority growth market,
the introduction of the first Park Hyatt hotel in London’s
redeveloped Nine Elms district will further bolster Hyatt’s brand
presence. Hyatt plans to nearly double its brand growth in the U.K.
in the next few years, and this growth is complemented by strong
regional demand in France and Spain – through the development of
both Hyatt’s full and select service brands – as well as entry into
new markets with the first Hyatt-branded properties in Stockholm,
Helsinki, Malta and Cyprus.
So far this year, nine new Hyatt properties have opened in
Europe, including Hyatt Regency Sofia, the first Hyatt hotel in
Bulgaria; Hyatt Regency Malta; Hyatt Place Paris Charles de Gaulle
Airport and Hyatt House Paris Charles de Gaulle Airport, Hyatt’s
first dual-branded select service development in Europe giving
travelers the benefits of both brands under one roof; and most
recently, the 144-room Hotell Reisen in Stockholm, Sweden marking
the first hotel in Scandinavia under The Unbound Collection by
Hyatt brand.
Notable newly executed deals include plans for:
- The 203-room Park Hyatt London River Thames in London,
one of Europe’s top places to visit, which will be the first Park
Hyatt hotel in the U.K.
- The introduction of the Hyatt Centric brand to the U.K. with
Hyatt Centric Cambridge
- Hyatt’s foray into Northern Europe with two new hotels within
The Unbound Collection by Hyatt brand, including the 224-room
Grand Hansa Hotel in Helsinki, Finland – regarded by
travelers as one of the best big city destinations in the
world
- A Hyatt Centric hotel in Reykjavik, which is noted as
one of the trendiest European travel spots, will be the first
Hyatt-branded hotel in Iceland
- The former Byblos Hotel in Mijas, Spain will be part of
The Unbound Collection by Hyatt brand and will mark a significant
expansion of Hyatt’s brand footprint in the country’s most visited
region, Andalusia
- The first Andaz-branded hotel in Portugal with Andaz
Lisbon, and the first Hyatt-branded hotel in the Czech Republic
with Andaz Prague
- The first Alila-branded resort in Europe with Alila La
Gruyère in Switzerland
- The Hyatt Place and Hyatt House select service brands
remain a strategic priority with eight additional properties
planned across Western Europe through 2023
This announcement signals significant intentional growth plans
for Hyatt that will increase its brand footprint in Europe by more
than 30 percent in nine new countries and grow further in seven
existing markets. New hotel openings, rebrands, and executed
managed and franchise deals in Europe within Hyatt’s independent
collection and timeless and boundless portfolios include:
Independent Collections
The Unbound Collection by Hyatt
The Unbound Collection by Hyatt brand is a portfolio of
independent, premium hotel properties, ranging from historic urban
gems to contemporary trend-setters and boutique properties to
one-of-a-kind resorts. Each hotel inspires story-worthy and
extraordinary experiences for our guests.
unboundcollectionbyhyatt.com
- The Wellem, Düsseldorf, Germany (102 guestrooms), rebranded
from Hyatt House Düsseldorf/ Andreas Quarter in early November
2020
- Hotell Reisen, Stockholm, Sweden (144 guestrooms), opened on
December 1, 2020
- Grand Hansa Hotel, Helsinki, Finland (224 guestrooms), under
development
- The former Byblos Hotel, Spain (205 guestrooms), under
development
Timeless Portfolio
Park Hyatt
Park Hyatt hotels provide discerning, global travelers with a
refined home-away-from-home. Guests of Park Hyatt hotels receive
quietly confident and personalized service in an enriching
environment. Located in several of the world's premier
destinations, each Park Hyatt hotel is custom designed to combine
sophistication with understated luxury. parkhyatt.com
- Park Hyatt London River Thames in London’s Nine Elms
development, U.K. (203 guestrooms), under development
Grand Hyatt
Grand Hyatt hotels celebrate the iconic in small details and
magnificent moments. Drawing inspiration from each destination,
Grand Hyatt hotels provide superior service and signature
experiences within a backdrop of dramatic architecture, world-class
restaurants, luxury spas, and spectacular meeting and event spaces.
grandhyatt.com
- Grand Hyatt Limassol, Cyprus (300 guestrooms), under
development
Hyatt Regency
Hyatt Regency hotels are intuitively designed to make travel
free from stress and filled with success. Conveniently located in
urban and resort locations in more than 30 countries, Hyatt Regency
hotels offer seamless experiences for any occasion, from energizing
vacations to personalized, high-touch meetings.
hyattregency.com
- Hyatt Regency Sofia, Bulgaria (183 guestrooms), opened
September 2020
- Hyatt Regency Malta (153 guestrooms), opened October 2020
- Hyatt Regency Tirana, Albania (151 rooms), under
development
- Hyatt Regency Lisbon, Portugal (220 guestrooms), under
development
- Hyatt Regency Rostov on Don, Russia (187 guestrooms), under
development
- Hyatt Regency Edinburgh Marina, Scotland (187 guestrooms, 98
residences), under development
- Hyatt Regency Zurich Airport The Circle, Switzerland (255
guestrooms), under development
- Hyatt Regency Izmir Istinye Park, Turkey (161 guestrooms),
under development
- Hyatt Regency London Olympia, U.K. (196 guestrooms), under
development
Hyatt House
Hyatt House hotels are designed to welcome guests as extended
stay residents. Apartment-style suites with fully equipped kitchens
and separate living areas remind guests of the conveniences of
home. hyatthouse.com
- Hyatt House Paris Charles de Gaulle Airport (121 guestrooms),
opened in October 2020
- Hyatt House Frankfurt Goetheplatz, Germany (181 guestrooms),
under development
Hyatt Place
Hyatt Place hotels offer a modern, comfortable and seamless
experience, combining style and innovation to create a casual hotel
environment for today's multi-tasking traveler. From the lobby to
the guest rooms to in-hotel dining, every touchpoint is designed
with the high value business traveler in mind. hyattplace.com
- Hyatt Place Paris Charles de Gaulle Airport (309 guestrooms),
opened in October 2020
- Hyatt Place Cannes, France (152 guestrooms), under
development
- Hyatt Place Rouen, France (85 guestrooms), under
development
- Hyatt Place Krakow, Poland (216 guestrooms), under
development
- Hyatt Place Zurich Airport The Circle, Switzerland (300
guestrooms), under development
- Hyatt Place London City East, U.K. (280 guestrooms), under
development
Boundless Portfolio
Andaz
Global in scale while local in perspective, the Andaz brand of
luxury lifestyle hotels weave the sights, sounds, and tastes of
each property’s surroundings for a distinctively local experience
that stimulate the senses. Every Andaz hotel is a unique expression
of the culture that surrounds it and enables guests to go beyond
the familiar and satiate their curiosity. andaz.com
- Andaz Prague, Czech Republic (176 guestrooms), under
development
- Andaz Lisbon, Portugal (232 guestrooms), under development
Alila
The Alila brand features luxury hotels in unique locations,
distinguished by innovative eco-design and a strong commitment to
sustainable tourism. Alila means “surprise” in Sanskrit, which
suitably describes the refreshing character of Alila hotels, and
the impression guests feel when they stay as a guest.
alilahotels.com
- Alila La Gruyère, Switzerland (85 guestrooms, 27 residences),
under development
Hyatt Centric
Hyatt Centric is a brand of full-service lifestyle hotels
located in prime destinations around the world and is one of
Hyatt’s fastest growing lifestyle brand. Hyatt Centric hotels help
fuel guest discovery, located in the heart of the action with
passionately engaged team members always on-hand to serve up
insider knowledge and provide local expertise. hyattcentric.com
- Hyatt Centric Reykjavik, Iceland (172 guestrooms), under
development
- Hyatt Centric Cambridge, U.K. (150 guestrooms), under
development
“The 2018 acquisition of Two Roads Hospitality established
Hyatt’s compelling position in the lifestyle segment and further
reinforced the strength of its existing lifestyle brands, Andaz and
Hyatt Centric,” said Felicity Black-Roberts, vice president
acquisitions and development Europe, Hyatt. “Also, the planned
opening of Hyatt’s first Alila resort in Switzerland marks an
important step as we anticipate adding more resorts to Hyatt’s
lifestyle portfolio in Europe.”
For information on Hyatt’s existing brand portfolio in Europe,
please visit www.hyatt.com.
The term “Hyatt” is used in this release for convenience to
refer to Hyatt Hotels Corporation and/or one or more of its
affiliates.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company offering 21 premier brands. As of
September 30, 2020, the Company's portfolio included more than 950
hotel, all-inclusive, and wellness resort properties in 67
countries across six continents. The Company's purpose to care for
people so they can be their best informs its business decisions and
growth strategy and is intended to attract and retain top
employees, build relationships with guests and create value for
shareholders. The Company's subsidiaries develop, own, operate,
manage, franchise, license or provide services to hotels, resorts,
branded residences, vacation ownership properties, and fitness and
spa locations, including under the Park Hyatt®,
Miraval®, Grand Hyatt®, Alila®, Andaz®,
The Unbound Collection by Hyatt®, Destination®,
Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt
Zilara™, Thompson Hotels®, Hyatt Centric®,
Caption by Hyatt, Joie de Vivre®, Hyatt
House®, Hyatt Place®, tommie™, UrCove,
Hyatt Residence Club® and Exhale® brand names, and
operates the World of Hyatt® loyalty program that provides distinct
benefits and exclusive experiences to its valued members. For more
information, please visit www.hyatt.com.
Forward-Looking Statements
Forward-Looking Statements in this press release, which are not
historical facts, are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Our actual
results, performance or achievements may differ materially from
those expressed or implied by these forward-looking statements. In
some cases, you can identify forward-looking statements by the use
of words such as “may,” “could,” “expect,” “intend,” “plan,”
“seek,” “anticipate,” “believe,” “estimate,” “predict,”
“potential,” “continue,” “likely,” “will,” “would” and variations
of these terms and similar expressions, or the negative of these
terms or similar expressions. Such forward-looking statements are
necessarily based upon estimates and assumptions that, while
considered reasonable by us and our management, are inherently
uncertain. Factors that may cause actual results to differ
materially from current expectations include, but are not limited
to, the short- and longer-term effects of the COVID-19 pandemic,
including on the demand for travel, transient and group business,
and levels of consumer confidence; actions that governments,
businesses, and individuals take in response to the COVID-19
pandemic or any resurgence, including limiting or banning travel;
the impact of the COVID-19 pandemic, and actions taken in response
to the COVID-19 pandemic or any resurgence, on global and regional
economies, travel, and economic activity, including the duration
and magnitude of its impact on unemployment rates and consumer
discretionary spending; the ability of third-party owners,
franchisees or hospitality venture partners to successfully
navigate the impacts of the COVID-19 pandemic; the duration of the
COVID-19 pandemic and the pace of recovery following the pandemic
or any resurgence; general economic uncertainty in key global
markets and a worsening of global economic conditions or low levels
of economic growth; the rate and the pace of economic recovery
following economic downturns; levels of spending in business and
leisure segments as well as consumer confidence; declines in
occupancy and average daily rate; limited visibility with respect
to future bookings; loss of key personnel; domestic and
international political and geo-political conditions, including
political or civil unrest or changes in trade policy; hostilities,
or fear of hostilities, including future terrorist attacks, that
affect travel; travel-related accidents; natural or man-made
disasters such as earthquakes, tsunamis, tornadoes, hurricanes,
floods, wildfires, oil spills, nuclear incidents, and global
outbreaks of pandemics or contagious diseases or fear of such
outbreaks, such as the COVID-19 pandemic; our ability to
successfully achieve certain levels of operating profits at hotels
that have performance tests or guarantees in favor of our
third-party owners; the impact of hotel renovations and
redevelopments; risks associated with our capital allocation plans
and common stock repurchase program and quarterly dividend,
including a reduction in or elimination of repurchase activity or
dividend payments; the seasonal and cyclical nature of the real
estate and hospitality businesses; changes in distribution
arrangements, such as through internet travel intermediaries;
changes in the tastes and preferences of our customers;
relationships with colleagues and labor unions and changes in labor
laws; the financial condition of, and our relationships with,
third-party property owners, franchisees, and hospitality venture
partners; the possible inability of third-party owners,
franchisees, or development partners to access capital necessary to
fund current operations or implement our plans for growth; risks
associated with potential acquisitions and dispositions and the
introduction of new brand concepts; the timing of acquisitions and
dispositions, and our ability to successfully integrate completed
acquisitions with existing operations; failure to successfully
complete proposed transactions (including the failure to satisfy
closing conditions or obtain required approvals); our ability to
successfully execute on our strategy to expand our management and
franchising business while at the same time reducing our real
estate asset base within targeted timeframes and at expected
values; declines in the value of our real estate assets; unforeseen
terminations of our management or franchise agreements; changes in
federal, state, local, or foreign tax law; increases in interest
rates and operating costs; foreign exchange rate fluctuations or
currency restructurings; lack of acceptance of new brands or
innovation; general volatility of the capital markets and our
ability to access such markets; changes in the competitive
environment in our industry, including as a result of industry
consolidation, and the markets where we operate; our ability to
successfully grow the World of Hyatt loyalty program; cyber
incidents and information technology failures; outcomes of legal or
administrative proceedings; violations of regulations or laws
related to our franchising business; and other risks discussed in
the Company’s filings with the U.S. Securities and Exchange
Commission (“SEC”), including our annual report on Form 10-K and
our Quarterly Report on Form 10-Q filed on May 7, 2020, which
filings are available from the SEC. These factors are not
necessarily all of the important factors that could cause our
actual results, performance or achievements to differ materially
from those expressed in or implied by any of our forward-looking
statements. We caution you not to place undue reliance on any
forward-looking statements, which are made only as of the date of
this press release. We undertake no obligation to update publicly
any of these forward-looking statements to reflect actual results,
new information or future events, changes in assumptions or changes
in other factors affecting forward-looking statements, except to
the extent required by applicable law. If we update one or more
forward-looking statements, no inference should be drawn that we
will make additional updates with respect to those or other
forward-looking statements.
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Siân Rylander Hyatt +1 312 780 5797 sian.rylander@hyatt.com
Simone Loretan Hyatt – Europe, Africa and the Middle East +41 44
279 1226 simone.loretan@hyatt.com
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