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Hyatt Announces Record Signings and Pipeline of 127,000 Rooms at Year-End, Fueling Growth Strategy in 2024 and Beyond

Retrieved on:

Friday, January 19, 2024

Hyatt Hotels Corporation (NYSE: H) highlighted today its expected growth trajectory for 2024 and beyond, underscored by a record year of deal signings in 2023.

Key Points:

Hyatt Hotels Corporation (NYSE: H) highlighted today its expected growth trajectory for 2024 and beyond, underscored by a record year of deal signings in 2023.
This record pipeline represents nearly 40% of existing rooms in the Hyatt portfolio.
This has directly translated into significant growth in the World of Hyatt platform which has quadrupled in membership in the last five years.
This growth has doubled the number of luxury rooms, tripled resort rooms, and quadrupled lifestyle rooms.

World of Hyatt Redefines Loyalty by Adding More Rewards, More Milestones, More Choice and More Opportunities to Gift Benefits to Loved Ones

Retrieved on:

Thursday, November 30, 2023

Women, Seniors, Men, Family, Lodging, Consumer, Destinations, Vacation, Travel, Hyatt House, IATA, Multimedia, Heart, Credit, Guest, Guest of honour, Taste, Hotel, Nursing, Tourism, Customer service, Globalist

Starting January 1, 2024, World of Hyatt will unlock reimagined program benefits, offering even more flexibility and choices for members.

Key Points:

Starting January 1, 2024, World of Hyatt will unlock reimagined program benefits, offering even more flexibility and choices for members.
View the full release here: https://www.businesswire.com/news/home/20231129899902/en/
World of Hyatt Redefines Loyalty by Adding More Rewards, More Milestones, More Choice and More Opportunities to Gift Benefits to Loved Ones.
To learn more about additional offers and experiences through World of Hyatt, or to sign up for free, visit 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.

Hyatt Celebrates Groundbreaking of Inaugural Hyatt Studios Property in Mobile, Alabama

Retrieved on:

Wednesday, November 29, 2023

Hyatt has entered into a franchise agreement with 3H Group Inc. for Hyatt Studios Mobile/Tillman’s Corner.

Key Points:

Hyatt has entered into a franchise agreement with 3H Group Inc. for Hyatt Studios Mobile/Tillman’s Corner.
The Hyatt Studios brand is expected to be a key accelerator for Hyatt, building on Hyatt’s six years of industry leading net rooms growth.
View the full release here: https://www.businesswire.com/news/home/20231129302526/en/
Groundbreaking of Inaugural Hyatt Studios Property in Mobile, Alabama (Photo: Business Wire)
“We are proud to achieve this construction milestone in bringing the Hyatt Studios brand to life,” said Dan Hansen, global head of Hyatt Studios.
Serving extended-stay and transient demand, each Hyatt Studios hotel will have:
In-room kitchens that will feature a full-sized refrigerator with freezer, dishwasher, and a combination convection oven/microwave
To learn more about the Hyatt Studios brand, visit https://www.hyatt.com/development/ourbrands/hyattstudios .

Apple Hospitality REIT Acquires Courtyard by Marriott and Hyatt House in Downtown Salt Lake City and Announces Two Additional Hotels Under Contract for Purchase

Retrieved on:

Thursday, October 12, 2023

“The acquisition of the Courtyard and the Hyatt House in downtown Salt Lake City expands our presence within the vibrant Salt Lake market, an area well known for its business-friendly environment, attractive cost of living, cultural attractions and proximity to outdoor recreational activities, which has seen significant economic growth in recent years and is poised for continued expansion.

Key Points:

“The acquisition of the Courtyard and the Hyatt House in downtown Salt Lake City expands our presence within the vibrant Salt Lake market, an area well known for its business-friendly environment, attractive cost of living, cultural attractions and proximity to outdoor recreational activities, which has seen significant economic growth in recent years and is poised for continued expansion.
We are actively underwriting additional opportunities and are well positioned to further add to our portfolio in the coming months.”
The Courtyard Salt Lake City Downtown is located at 345 West 100 South, Salt Lake City, Utah, and the Hyatt House Salt Lake City/Downtown is located at 140 South 300 West, Salt Lake City, Utah.
The Courtyard opened in October 2015 and the Hyatt House, which recently underwent a full soft-goods renovation, opened in January 2015.
Following the acquisition of the downtown Salt Lake City hotels, the Apple Hospitality hotel portfolio includes 222 hotels with 29,263 guest rooms geographically diversified throughout 37 states.

Hyatt Adds Hotels in New Markets with Hyatt Place and Hyatt House Openings Across the U.S.

Retrieved on:

Thursday, September 14, 2023

Commercial Building & Real Estate, Other Travel, Construction & Property, Lodging, Travel, Vacation, Other Construction & Property, Residential Building & Real Estate, Phoenix Airport, Hyatt, Biting, SVC, Hyatt House, Conference, Hotel

One of the many examples of upcoming property renovations includes 17 Hyatt Place hotels under Service Properties Trust (SVC) ownership group, slated to begin later this year.

Key Points:

One of the many examples of upcoming property renovations includes 17 Hyatt Place hotels under Service Properties Trust (SVC) ownership group, slated to begin later this year.
A sampling of SVC properties that will undergo renovations include Hyatt Place Atlanta/Cobb Galleria (Ga.), Hyatt Place Charlotte Airport/Lake Pointe (N.C.) and Hyatt Place Tempe/Phoenix Airport (Ariz.) each aligned to deliver an elevated, spacious, and perfectly self-sufficient stay experience.
The Hyatt Studios brand is expected to be a key accelerator for Hyatt.
The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

Hyatt Unveils Plans for First Locations and Leadership Appointments for Upper-Midscale, Extended-Stay Brand, Hyatt Studios

Retrieved on:

Wednesday, August 16, 2023

Architecture, Commercial Building & Real Estate, Lodging, Construction & Property, Building Systems, Travel, Timeless, Tourism, Multimedia, Selective Service Act of 1917, Revenue management, Collection, Growth, Hyatt House, NYSE, Hotel

Hyatt Studios, Hyatt’s first upper-midscale extended-stay brand in the Americas, is expected to be a key accelerator for Hyatt, building on six years of industry leading net rooms growth.

Key Points:

Hyatt Studios, Hyatt’s first upper-midscale extended-stay brand in the Americas, is expected to be a key accelerator for Hyatt, building on six years of industry leading net rooms growth.
View the full release here: https://www.businesswire.com/news/home/20230816297824/en/
Hyatt Studios Guestroom Rendering (Photo: Business Wire)
“Hyatt’s entry into these new markets with Hyatt Studios hotels exemplifies our commitment to developers, guests and World of Hyatt members,” said Dan Hansen, global head of Hyatt Studios.
Hyatt veteran Jason Ballard has been promoted to the position of Head of Operations, Hyatt Studios, reporting directly to Hansen.
Accommodating extended-stay and transient demand, each Hyatt Studios hotel will be sized to fit approximately 122 rooms with flexibility to scale up or down.

Hyatt’s Transformative Growth Continues: More Markets, More Segments, More Opportunities

Retrieved on:

Friday, June 2, 2023

Hyatt acquired 100 percent of the asset-light Mr & Mrs Smith platform for an enterprise value of £53.0 million in cash consideration.

Key Points:

Hyatt acquired 100 percent of the asset-light Mr & Mrs Smith platform for an enterprise value of £53.0 million in cash consideration.
Data shows that World of Hyatt members are looking for more opportunities to stay with Hyatt – in more segments and more markets.
Growth of the Thompson Hotels brand in new markets including Thompson Palm Springs, Thompson Rome and Thompson Shanghai.
Highly anticipated growth of the Park Hyatt brand with Park Hyatt Kuala Lumpur in Malaysia and Park Hyatt Changsha in China.

AD1 Global Appoints New Chief Strategy Officer Bryan Hayes

Retrieved on:

Thursday, June 1, 2023

Vice, Senior, Business, Hyatt, Hayes, Purdue University, White Lodging, Growth, Purdue University Global, AD1, Hyatt House, Management, Hotel

HOLLYWOOD, Fla. , May 31, 2023 /PRNewswire/ -- AD1 Global is pleased to announce the appointment of Bryan Hayes as Chief Strategy Officer.

Key Points:

HOLLYWOOD, Fla. , May 31, 2023 /PRNewswire/ -- AD1 Global is pleased to announce the appointment of Bryan Hayes as Chief Strategy Officer.
Prior to Corporex, Bryan served as the Chief Operating Officer of White Lodging, a prominent hospitality company based in Indiana.
As Chief Strategy Officer of AD1 Global, Bryan will leverage his extensive industry knowledge and strategic acumen to guide the company's growth and expansion plans.
"We are thrilled to welcome Mr. Hayes to the AD1 family as Chief Strategy Officer," said Daniel Berman, CEO.

Melting Pot Leverages King of Prussia Mall Success to Launch Hotel-Focused Growth Model

Retrieved on:

Tuesday, May 23, 2023

Fondue, Prussia, Pot, Growth, King of Prussia (shopping mall), Melting pot, The Melting Pot (restaurant), Hyatt House, Veteran, Tourism, Hotel

TAMPA, Fla., May 23, 2023 /PRNewswire-PRWeb/ -- The strength of sales volume at its King of Prussia Mall location (outside of Philadelphia) located next door to a Hyatt House, has driven CEO Bob Johnston to focus a portion of the brand's future development in or near other hotel properties.

Key Points:

First, if a Melting Pot is the restaurant inside of a hotel, it will bridge that hotel to the community – giving neighbors the ability to experience an unforgettable experience at our restaurant.
We are taking both insights and leveraging to expand our franchise growth attention to hoteliers and hotel property owners," he said.
For more than 40 years, Melting Pot Restaurants have been providing diners with an experiential meal and hotels have been providing travelers a home with experiential promotions.
Within the new design of the Melting Pot Restaurant is two things: an elevated bar experience and a dining experience fit for the traveler.

Owners, Operators and Developers Celebrated for Design, Development and Operational Excellence at Hyatt’s 2023 Americas Owners Conference

Retrieved on:

Thursday, April 27, 2023

Hyatt Hotels Corporation (NYSE: H) recognized outstanding owners, operators and developers at its 2023 Americas Owners Conference, held at Secrets Moxché Playa del Carmen.

Key Points:

Hyatt Hotels Corporation (NYSE: H) recognized outstanding owners, operators and developers at its 2023 Americas Owners Conference, held at Secrets Moxché Playa del Carmen.
“Our transformative growth and success over the past few years wouldn’t have been possible without the support of our owners, operators and developers,” said Jim Chu, chief growth officer, Hyatt.
Best Conversion – Celebrates the reconfiguration of an existing property and conversion to a full service or select service Hyatt-branded hotel.
Best Adaptive Re-Use – Honors outstanding full service and select service Hyatt-branded hotels developed from alternative real estate uses.