The luxury leisure hotel is expected to open in
mid-2023, marking the first Grand Hyatt hotel in Spain
Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt
affiliate has entered into a franchise agreement with La Manga
Club, S.L. (an affiliate of Grupo Inversor Hesperia) for Grand
Hyatt La Manga Club and Resort. Following significant renovation
work, the iconic 192-room resort property is set to debut the Grand
Hyatt brand in Spain in mid-2023. The announcement fuels Hyatt’s
ambitious plans to grow its luxury brands in key-growth markets
across Europe in the places that matter most to guests and World of
Hyatt members.
Situated in a secluded spot on the Mediterranean coast, Grand
Hyatt La Manga Club and Resort sits at the heart of the renowned
enclave of La Manga Club in Murcia, Spain, widely recognized as one
of the most in-demand sports and leisure destinations in Southern
Europe. As part of an extensive renovation, set to be completed in
spring 2023, the hotel’s 192 guestrooms, including a 1,679 square
foot Royal Suite and six additional suites, will be redesigned to
reflect the vibrant design and bold architecture that the Grand
Hyatt brand is known for. An array of renewed culinary offerings
will also be added, such as a new sushi bar and a high-end
gastronomic restaurant, focused on highlighting local produce
through international cuisines.
“Grand Hyatt La Manga Club and Resort will offer the modern
traveler enriching luxury and lifestyle experiences and will mark
an important milestone in our impressive luxury brand growth in
Europe,” said Felicity Black-Roberts, vice president development,
Europe, Hyatt. “This will be our third collaboration with Grupo
Inversor Hesperia in Spain, building on our lasting relationships
with leading owners and the value of our diverse and dynamic brand
portfolio.”
“It’s an enormous thrill to work with Hyatt again and to
introduce the Grand Hyatt brand to Spain,” said Jordi Ferrer, chief
executive officer, Hesperia. “Grand Hyatt La Manga Club and Resort
will deliver an abundance of options for high-class travelers
looking for unparalleled splendor and luxury experiences while
visiting Murcia.”
True to the brand principles of being a captivating destination
within a destination, Grand Hyatt Manga Club and Resort will be
located amidst 1,384 acres of lush greenery with access to the
surrounding wildlife, and natural landmarks Calblanqe Natural Park
and Mar Menor lagoon close by. The hotel’s outstanding facilities
will set a benchmark for sporting offerings in the region and
include three championship level 18-hole golf courses, expansive
outdoor tennis facilities and the La Manga Club Football Center,
currently the home of Cartagena FC.
The hotel’s generous spa area will encourage total relaxation,
with two new adults-only pools providing stunning sea views. Guests
can make the most of this striking backdrop at one of the many
indoor and outdoor event spaces.
With up to 13,863 square feet of space to use, Grand Hyatt La
Manga Club and Resort will be an ideal venue to host an
unforgettable event, from meetings to conferences and weddings,
amongst the flourishing landscape.
Grand Hyatt La Manga Club and Resort will be the first Grand
Hyatt branded hotel in Spain and will be joined by the previously
announced Grand Hyatt Lanzarote, which is set to open in 2025.
Grand Hyatt La Manga Club and Resort and Grand Hyatt Lanzarote will
join iconic European properties in the portfolio including Grand
Hyatt Berlin in Germany, Grand Hyatt Athens in Greece and Grand
Hyatt Istanbul in Turkey.
The term “Hyatt” is used for convenience in this release to
refer to Hyatt Hotels Corporation and/or one or more of its
affiliates.
For further information:
About Grand Hyatt
Around the world, Grand Hyatt hotels bring travel dreams to life
by celebrating the iconic in small details and magnificent moments.
Located at the crossroads of local culture and global business
within major gateway cities and resort destinations, each Grand
Hyatt hotel is uniquely designed to be a captivating destination
within a destination. Grand Hyatt hotels deliver welcoming and
elevated service, first-class accommodations and an abundance of
options within a multicultural backdrop of dramatic architecture
and bold and vibrant design. Grand Hyatt hotels boast inventive
restaurants, luxury spas, fitness centers, and business and meeting
facilities. For additional information or to make a reservation,
please visit grandhyatt.com. Follow @GrandHyatt on Facebook and
Instagram, and tag photos with #GrandHyatt.
About Hyatt Hotels
Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company guided by its purpose – to care for
people so they can be their best. As of September 30, 2022, the
Company’s portfolio included more than 1,200 hotels and
all-inclusive properties in 72 countries across six continents. The
Company's offering includes brands in the Timeless Collection,
including Park Hyatt®, Grand Hyatt®, Hyatt
Regency®, Hyatt®, Hyatt Residence Club®, Hyatt
Place®, Hyatt House®, and UrCove; the Boundless
Collection, including Miraval®, Alila®,
Andaz®, Thompson Hotels®, Hyatt Centric®, and
Caption by Hyatt; the Independent Collection, including
The Unbound Collection by Hyatt®, Destination by
Hyatt™, and JdV by Hyatt™; and the Inclusive Collection,
including Hyatt Ziva®, Hyatt Zilara®, Zoëtry®
Wellness & Spa Resorts, Secrets® Resorts & Spas,
Breathless Resorts & Spas®, Dreams® Resorts &
Spas, Vivid Hotels & Resorts®, Alua Hotels &
Resorts®, and Sunscape® Resorts & Spas. Subsidiaries
of the Company operate the World of Hyatt® loyalty program, ALG
Vacations®, Unlimited Vacation Club®, Amstar DMC destination
management services, and Trisept Solutions® technology services.
For more information, please visit www.hyatt.com.
About Grupo Inversor Hesperia
(GIHSA)
Grupo Inversor Hesperia (GIHSA) is one of Spain's leading hotel
groups with an important presence in urban and holiday
destinations. It is one of the most experienced and knowledgeable
companies in the sector, where it has been owner and operator for
20 years, and currently has 22 hotels in Spain, all of them 3, 4
and 5 stars, with nearly 3,650 rooms located in urban and holiday
resorts, and where nearly 1,300 professionals provide their
services. GIHSA's properties are designed to offer clients
contemporary accommodations and personalized service in locations
with high urban and tourist traffic, which increases their
resilience to possible declines in tourism rates. The group
maintains its commitment to a high-quality, diversified portfolio
of assets, both geographically and by type of activity, resulting
in balanced revenues, reduced city risk, greater growth
opportunities, and less exposure to seasonality.
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, risks associated with the acquisition of Apple Leisure Group,
including successful integration of the Apple Leisure Group
business; the duration and severity of the COVID-19 pandemic or any
additional resurgence and the pace of recovery following the
pandemic or any additional resurgence; the short and long-term
effects of the COVID-19 pandemic, including on the demand for
travel, transient and group business, and levels of consumer
confidence; the impact of actions taken by governments, businesses,
or individuals in response to the COVID-19 pandemic or any
additional resurgence on global and regional economies, travel
limitations or bans, and economic activity; the ability of
third-party owners, franchisees, or hospitality venture partners to
successfully navigate the impacts of the COVID-19 pandemic or any
additional 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; global supply chain constraints and
interruptions, rising costs of construction-related labor and
materials, and increases in costs due to inflation or other factors
that may not be fully offset by increases in revenues in our
business; risks affecting the luxury, resort, and all-inclusive
lodging segments; levels of spending in business, leisure, and
group 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; 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, share repurchase program, and dividend payments,
including a reduction in, or elimination or suspension 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, wages, and other 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 the COVID-19 pandemic, industry consolidation, and the
markets where we operate; our ability to successfully grow the
World of Hyatt loyalty program and Unlimited Vacation Club paid
membership 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 Reports on Form 10-Q,
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230110005295/en/
Marie Cazaux Hyatt – Western Europe marie.cazaux@hyatt.com
Glennie Janssen Hyatt Glennie.janssen@hyatt.com
Hyatt Hotels (NYSE:H)
Historical Stock Chart
From May 2023 to Jun 2023
Hyatt Hotels (NYSE:H)
Historical Stock Chart
From Jun 2022 to Jun 2023