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hyatt

Hyatt Signs With CES Pirie Hotel to Develop New Hyatt Regency in Adelaide Set to Open in 2023

Hyatt Regency | August 2, 2019

CHICAGO, IL -- August 2, 2019 -- Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with CES Pirie Hotel (SA) Pty Ltd., an entity wholly owned by Chip Eng Seng Corporation Limited, to develop a new Hyatt Regency in Adelaide. The new 295-room hotel will mark the return of a Hyatt branded hotel to Adelaide, continuing Hyatt’s expansion in Australia. With construction planned to commence in early 2020, Hyatt Regency Adelaide is expected to open in early 2023. The Hyatt Regency brand offers a stress-free environment for event, leisure and business travelers alike to enjoy a produ...

Hyatt Reports Second-Quarter 2019 Results; Net Income Increased 10.6% to $86 Million

Hyatt Hotels Corporation | August 1, 2019

Strong transient demand drove 1.3% system-wide RevPAR growth, and fees and net rooms grew at a double-digit pace inclusive of the Two Roads Hospitality LLC acquisition. Second quarter of 2019 financial highlights as compared to the second quarter of 2018 are as follows: Net income increased 10.6% to $86 million. Adjusted EBITDA decreased 2.1% to $213 million, a decrease of 1.0% in constant currency. Comparable system-wide RevPAR increased 1.3%, including an increase of 2.3% at comparable owned and leased hotels. Excluding the negative impact from the timing of the Easter holiday, comparable RevPAR at system-wide hotels and compar...

Hyatt and BTG Homeinns Unveil New Hospitality Brand Under Joint Venture

Hyatt Hotels Corporation | June 20, 2019

SHANGHAI, CHINA (June 20, 2019) – Following the pioneering joint venture announcement in February, Hyatt and BTG Homeinns Hotels Group continue to make great strides with the unveiling of a new hospitality brand on Wednesday, June 19. Leveraging the respective strengths and resources of Hyatt and Homeinns, the UrCove brand is positioned to compete in the currently underserved upper-midscale segment. UrCove is an entirely homegrown hotel brand, built specifically to meet Chinese travelers’ preferences and growing expectations for a seamless, comfortable and premium travel experience in the upper-midscale market. Announced at the China H...

Hyatt and Mizrahi Developments to Develop 160-Room Andaz Toronto – Yorkville

Andaz | May 1, 2019

CHICAGO—May 1, 2019--Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Mizrahi Developments to build a 160-room luxury Andaz hotel at the prestigious address of One Bloor Street West in Toronto, Ontario, Canada. Slated to open in 2022, the first Andaz hotel in Toronto will be the hotel component of The One, a commercial and residential luxury mixed-use tower that is expected to be the tallest building in Canada, upon completion. The Andaz brand features 18 hotels globally and is designed to attract inspired expressives: well-traveled creative individuals who embr...

Hyatt Signs With Towa Real Estate to Develop 120-Key Hotel at Japan’s Historic Fuji Speedway

Unbound Collection by Hyatt | April 3, 2019

CHICAGO -- Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Towa Real Estate Co. Ltd., an affiliate of TOYOTA Group, to develop a 120-key hotel at the Fuji Speedway, Japan's historic racing circuit. Slated to open in 2022, the project will be the first in Japan under The Unbound Collection by Hyatt brand and the first hotel in the world to be built by Towa Real Estate. "As we look to expand Hyatt's brand footprint in Japan, we are excited to be entering into a management agreement with TOYOTA group company, Towa Real Estate, as it builds its first-ever hotel." Hotel a...

HRI Properties and Hyatt Celebrate Opening of Dual-Branded Hyatt Place and Hyatt House Indianapolis

Hyatt Place | April 2, 2019

INDIANAPOLIS – (April 2, 2019) – HRI Properties, LLC (HRIP) and Hyatt officially opened Hyatt Place and Hyatt House hotels in the Wholesale District of Indianapolis. Developed and constructed by HRI Properties, the dual-branded property represents a prominent landmark within central downtown and creates an experience that enables guests to enjoy both brands under one roof. "HRI Properties is excited to continue our relationship with Hyatt by introducing this dynamic new combined hotel offering to the great city of Indianapolis," said Tom Leonhard, president and chief executive officer for HRI Properties. "Hyatt Place Indiana...

Hyatt Partners With 3M Hotels Group for Hyatt Place Krakow Marking Return of Hyatt Flag to Poland

Hyatt Place | March 27, 2019

CHICAGO (March 27, 2019) – Hyatt Hotels Corporation (NYSE:H) announced today that a Hyatt affiliate has entered into a franchise agreement with 3M Hotels Group for the first Hyatt hotel in Krakow, marking the return of the Hyatt brand to Poland. Hyatt Place Krakow will feature 216 spacious guestrooms and will be managed by Hotel Professionals Management Group. The hotel is expected to open in 2021. The Hyatt Place brand is rooted in extensive consumer insights indicating that guests seek stylish, comfortable, seamless experiences that accommodate their lifestyles and familiar routines. To embody this, the brand offers casual hospi...

Hyatt and Homeinns Enter Into Strategic Joint Venture to Expand Footprint Across China

Hyatt Hotels Corporation | February 26, 2019

CHICAGO & SHANGHAI -- Hyatt Hotels Corporation (NYSE: H) and BTG Hotels (Group) Co., Ltd. (Shanghai Stock Exchange: 600258) announced today affiliates of Hyatt and Homeinns Hotel Group (affiliated with BTG Hotels which is also named BTG Homeinns Hotels Group) have entered a strategic joint venture to create a new hospitality brand. The brand, to be named later, is aimed at meeting the evolving needs and aspirations of a growing number of young travelers in the upper-midscale segment in China, providing them with a seamless and premium travel experience. In an unprecedented move expected to set a new benchmark for the local hospitali...

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