Hyatt brands enter new markets, recent
acquisitions broaden offerings for the industry’s fastest growing
loyalty program
Hyatt Hotels Corporation (NYSE: H) continues to strategically
grow its luxury and lifestyle brand footprint with a strong
development pipeline of more than 30 planned hotels and resorts in
the Americas region through 2025, including the expansion of Hyatt
brands into new markets. Over the last five years, globally, Hyatt
has doubled its number of luxury rooms, tripled the number of
resort rooms, and quadrupled the number of lifestyle rooms – and
the momentum continues. Hyatt is the fastest growing luxury
portfolio, with luxury, lifestyle, and resort hotels now making up
over 40% of Hyatt's portfolio, reinforcing its position as the
premier hotel brand for high-end travelers.
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Park Hyatt Los Cabos at Cabo del Sol -
Northward Aerial View (Photo: Business Wire)
Hyatt continues its transformative growth journey through
thoughtful acquisitions, expanding its offerings for guests and
members. Through the completed acquisition of Mr & Mrs Smith, a
global travel platform that provides direct booking access to a
carefully curated and growing collection of global boutique and
luxury properties, World of Hyatt members will have even more
rewarding stays and experiences to choose from.
Additionally, following Hyatt’s early 2023 acquisition of Dream
Hotel Group – a vibrant portfolio of lifestyle hotel brands
including Dream Hotels, The Chatwal, The Time New York and
Unscripted Hotels – World of Hyatt members can unlock more stay
options and lifestyle experiences across destinations like
Nashville, Hollywood, South Beach and New York City. The
acquisition also helps Hyatt expand its brand presence in a
flourishing new leisure market in Mexico with the forthcoming
Dream Valle de Guadalupe (2024) situated over 35
acres in the Baja California region incorporating a large vineyard,
61 guestrooms and villas, a luxury spa and wellness concept and
three highly activated dining and nightlife venues, including a
private tasting room and pool bar.
“The thoughtful growth of Hyatt’s luxury and lifestyle brands
reflect the current demand for authentic leisure travel
experiences,” said Crystal Vinisse Thomas, vice president and
global brand leader for Hyatt’s luxury and lifestyle brands. “As we
look ahead to 2024 and beyond, we strive to create more
opportunities for high-end travelers to reconnect in immersive
retreats, explore the hearts of new destinations, and revisit their
tried-and-true favorites.”
Strategic Growth Continues with Newly Announced Luxury &
Lifestyle Properties
Hyatt continues to thoughtfully expand its luxury and lifestyle
brand footprint in key leisure markets that matter most to guests
and World of Hyatt members with these newly announced hotel
deals:
- Hyatt Centric Santo Domingo (2024) will be the first
Hyatt Centric hotel in the Dominican Republic, located in Santo
Domingo’s modern business district. With 130 guestrooms and suites
and nearly 5,000 sq. ft. of meeting and events space, the lifestyle
hotel will place guests at the heart of the action near prominent
restaurants, shopping malls, art galleries and electric
nightlife.
- Cas en Bas Beach Resort (2024) will be the first
Destination by Hyatt branded resort and residences on Saint Lucia.
Idyllically nestled between a championship golf course and Cas en
Bas Bay with a spectacular sandy beach, amenities will include a
pool, spa and wellness center, and an exciting range of dining
options, nightlife and events.
- Hyatt Centric Querétaro (2025) will be located in
downtown Querétaro, a city in central Mexico (northwest of Mexico
City), known for its well-preserved Spanish colonial architecture.
The hotel will feature 105 modern guestrooms, a rooftop pool, and
multiple dining concepts including a coffee shop serving an all-day
menu, a rooftop bar with expansive views of the city and two
signature restaurants.
Coming Soon: New Stay Experiences in Sought-After Leisure
Markets
With a focus on new openings in sought-after destinations across
the U.S., Canada, Latin America and Caribbean, Hyatt’s recent and
upcoming hotels through 2025 invite guests, World of Hyatt members,
and customers to experience Hyatt's signature luxury and lifestyle
brands across distinct brand portfolios:
Boundless Collection hotels that will make their debut
and deliver best-in-class offerings and compelling experiences
designed to excite and inspire, include:
- The Thompson Hotels brand will soon be debuting new
properties in top leisure locations across the United States and
Mexico, including:
- Thompson Houston (2023) will feature 172
guestrooms including 34 suites, all boasting floor-to-ceiling
windows with unobstructed views of downtown Houston and Buffalo
Bayou Park, more than 17,000 sq. ft. of flexible indoor and outdoor
event space, three swanky restaurants with distinct culinary
concepts, a private heli-port, a full-service sanctuary spa and
wellness center devoted to full body restoration, a 1-acre rooftop
and an expansive pool deck.
- Thompson Palm Springs (2024) is poised to become
the desert’s most exciting destination tailored for influential
locals and sophisticated globetrotters alike. Offering a collection
of 168 bungalow-inspired guestrooms and suites with private
balconies to capture breathtaking views of the ethereal Palm
Springs desert, the highly anticipated destination will also
introduce a spirited Levantine Mediterranean dining concept,
full-service spa, two rooftop pools, exciting new retail, dynamic
event space and more.
- Thompson South Beach (2024) will mark the
Thompson Hotels brand entry into Florida comprised of 150
guestrooms with floor-to-ceiling windows, a rooftop pool, bar and
restaurant, and a ground floor restaurant and retail space. The
hotel, designed by French architect Rudy Ricciotti, will be
adjacent to the Frank Gehry-designed New World Center and the newly
reimagined Miami Beach Convention Center.
- Thompson Monterrey (2025) will be the first urban
Thompson Hotels property in Mexico. This 150-room lifestyle hotel
will be located within a 31-floor tower amid a mixed-use complex,
creating a sought-after hub with sophisticated dining and a rooftop
bar.
- Caption By Hyatt Chattanooga Downtown (2024) will
join Caption by Hyatt Beale Street Memphis to grow the Caption by
Hyatt brand presence in the state of Tennessee, delivering an
upscale, select-service lifestyle hospitality experience.
- Hyatt Centric Escazu San Jose (2024) will be the
Hyatt Centric brand’s first hotel in Costa Rica and offer 161
modern guestrooms and suites, an all-day dining restaurant,
full-service bar, and 4,000 sq. ft. of event space.
- Andaz Toronto-Yorkville (2025) will be the second
Andaz hotel in Canada, joining Andaz Ottawa Byward Market. The
luxury hotel will be located within The One, a luxury mixed-use
tower that is poised to be the tallest building in Canada. The
hotel will offer 138 guestrooms and suites, 6,800 sq. ft. of event
space, a spa and several food and beverage experiences.
- Andaz Miami Beach (2025) will mark the first
Andaz hotel in Florida, as a rebrand from The Confidante, Miami
Beach. With three towers overlooking Miami Beach, the hotel will
include a redesigned lobby, pool and recreation area, reinvented
food and beverage experiences, a full-service spa, upgraded event
spaces, as well as modernized guestrooms with an expanded mix of
suites.
- Andaz Turks & Caicos at Grace Bay (2025) will
be the first Hyatt hotel in Turks & Caicos and feature 59-keys
and 73 residential units with breathtaking views of Grace Bay
Beach, three restaurants and bars, a full service indoor and
outdoor spa, a yoga studio, state-of-the-art indoor fitness
facility and Pickleball courts.
Timeless Collection hotels deliver the comforts of a home
away from home with a consistently elevated experience. New
properties expected to open by the end of 2025 include:
- Park Hyatt Los Cabos at Cabo del Sol (2024) is
slated to be the first Park Hyatt hotel in Mexico and will
be a master-planned golf resort stretching along two miles of
pristine beach. Located 20 minutes from downtown Cabo San Lucas,
within the exclusive community of Cabo del Sol and overlooking the
Sea of Cortez, the luxury resort will boast 163 ocean-view
guestrooms and suites, 19 villas and residences, stunning pools, a
world-class golf course, a full-service spa, fitness and wellness
center, plus 35,000 sq. ft. of indoor and outdoor meetings and
events space. Unique culinary experiences include a
Mediterranean-inspired signature restaurant, a Mexican restaurant,
a Beach Club and poolside cabana service.
- Grand Hyatt Scottsdale Resort & Spa (2024)
will mark the Grand Hyatt brand’s debut in Arizona, when it is
rebranded from Hyatt Regency Scottsdale Resort & Spa at Gainey
Ranch. The hotel will offer a reimagined vibrant, bold and elevated
experience for guests. The iconic resort will undergo extensive
renovations and enhancements of its guestrooms, pools, food and
beverage experiences, its beloved Spa Avania and fitness center,
public areas and amenities, including the expansion of the hotel’s
indoor and outdoor meeting and event spaces.
- Park Hyatt Mexico City (2025) will feature 155
guestrooms and will be located on the upscale Campos Eliseos Street
overlooking Mexico City’s iconic Chapultepec Park.
- Grand Hyatt Cancún Beach Resort (2025) will sit on the
eastern part of the Yucatán Peninsula and boast 500 guestrooms
complemented by panoramic views of the Caribbean Sea and Isla
Mujeres. The resort will also feature 11 dining experiences, six
bars, an indoor and outdoor destination spa and fitness center, and
over 16,000 sq. ft. of gathering space.
- Grand Hyatt Grand Cayman Hotel & Residences
(2025) will be located on a premium 7.1-acre site of famed
Seven Mile Beach, less than one mile from the center of Grand
Cayman’s capital city, George Town. With 351 guestrooms, the hotel
will celebrate the diverse ecology of Grand Cayman and offer six
food and beverage venues, a 9,000-square-foot destination spa and
fitness center, three swimming pools and 25,000 sq. ft. of indoor
meeting and event space, which is expected to be the largest
function space in the Cayman Islands.
Inclusive Collection, part of World of Hyatt resorts
deliver immersive, elevated experiences where everything is
seamlessly included. The Inclusive Collection is expected to
welcome new resorts in the Caribbean and Mexico, including:
- Secrets St. Lucia Resort & Spa (2024) will be the
first Secrets Resort & Spa property on St. Lucia, providing
guests with access to an unspoiled white-sand beach located just
minutes from the capital city of Castries. The property will be
comprised of 342 guestrooms and suites, five dining choices, five
bars and lounges, and a world-class Secrets Spa by Pevonia®.
- Upcoming Inclusive Collection properties opening in Mexico and
the Caribbean: adults-only, luxury all-inclusive resorts including
Secrets Tulum Resort & Beach Club, Secrets Playa Blanca
Costa Mujeres and Secrets Playa Esmerelda in Punta Cana,
Dominican Republic; family-friendly Dreams Estrella Del Mar
Mazatlan Golf & Spa Resort, Dreams Grand Island in
Cancun, and Dreams Playa Esmerelda in Punta Cana; and
the debut of the Hyatt Vivid Hotels & Resorts brand with
Hyatt Vivid Grand Island in Cancun.
“The sustained growth of the Inclusive Collection in the
Americas is a strong testament to the value and opportunity of the
all-inclusive segment,” said Erica Doyne, senior vice president,
global marketing and communications, Inclusive Collection, Hyatt.
“We continue to evolve and innovate to meet guest demand as
demonstrated by the recent launch of Impression by Secrets,
designed to deliver an elevated level of all-inclusive luxury
amenities and personalized services.
Now Open: New Luxury & Lifestyle Hotels in the
Americas
In 2023, several notable luxury and lifestyle Hyatt hotels and
resorts opened in the Americas region, including:
- Andaz Mexico City Condesa, January 2023
- NUMU Boutique Hotel (San Miguel de Allende, Mexico),
February 2023
- Dreams Flora Resort & Spa (Punta Cana, Dominican
Republic), February 2023
- Hyatt Centric Congress Avenue Austin, February 2023
- Hyatt Centric Ville-Marie Montréal, March 2023
- The Pell (Middletown, Rhode Island), April 2023
- Impression Isla Mujeres by Secrets (Quintana Roo,
Mexico), May 2023
- Calistoga Motor Lodge and Spa (Calistoga, California),
July 2023
- Fordson Hotel (Oklahoma City, Oklahoma), August 2023 –
stay tuned for when and how this property will participate in World
of Hyatt and join The Unbound Collection by Hyatt.
Celebrate Rewarding Stays with World of Hyatt Bonus
Journeys
To help travelers make the most of getaways around the globe,
World of Hyatt is offering members a new global promotion. Whether
travelers are looking to explore, take care of their wellbeing, or
take off on an adventure, World of Hyatt members can now register
to earn 3,000 Bonus Points for every three eligible nights
completed between October 6, 2023 and November 30, 2023 at more
than 1,250 Hyatt hotels and resorts around the world.
For more information or to book a stay, please 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.
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 June 30, 2023, the
Company’s portfolio included more than 1,250 hotels and
all-inclusive properties in 76 countries across six continents. The
Company's offering includes brands in the Timeless Collection,
including Park Hyatt®, Grand Hyatt®, Hyatt
Regency®, Hyatt®, Hyatt Vacation Club®, Hyatt
Place®, Hyatt House®, Hyatt Studios, and
UrCove; the Boundless Collection, including Miraval®,
Alila®, Andaz®, Thompson Hotels®, Dream®
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 Impression by
Secrets, Hyatt Ziva®, Hyatt Zilara®, Zoëtry®
Wellness & Spa Resorts, Secrets® Resorts & Spas,
Breathless Resorts & Spas®, Dreams® Resorts &
Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels
& Resorts®, and Sunscape® Resorts & Spas.
Subsidiaries of the Company operate the World of Hyatt® loyalty
program, ALG Vacations®, Mr & Mrs Smith™, Unlimited Vacation
Club®, Amstar DMC destination management services, and Trisept
Solutions® technology services. 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, 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, weather and climate-related events, such as earthquakes,
tsunamis, tornadoes, hurricanes, droughts, floods, wildfires, oil
spills, nuclear incidents, and global outbreaks of pandemics or
contagious diseases, or fear of such outbreaks; the pace and
consistency of recovery following the COVID-19 pandemic and the
long-term effects of the pandemic, additional resurgence, or
COVID-19 variants, including with respect to global and regional
economic activity, travel limitations or bans, the demand for
travel, transient and group business, and levels of consumer
confidence; the ability of third-party owners, franchisees, or
hospitality venture partners to successfully navigate the impacts
of the COVID-19 pandemic, any additional resurgence, or COVID-19
variants or other pandemics, epidemics or other health crises; 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 the capital
necessary to fund current operations or implement our plans for
growth; risks associated with potential acquisitions and
dispositions and our ability to successfully integrate completed
acquisitions with existing operations, including with respect to
our acquisition of Apple Leisure Group and Dream Hotel Group and
the successful integration of each business; 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; risks associated with
the introduction of new brand concepts, including 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; and violations of
regulations or laws related to our franchising business and
licensing businesses and our international operations;; 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230918802434/en/
Bianca Flores, Hyatt, bianca.flores@hyatt.com
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