Welcome to our dedicated page for Hyatt Hotels news (Ticker: H), a resource for investors and traders seeking the latest updates and insights on Hyatt Hotels stock.
Hyatt Hotels Corporation (H) is a leading global hospitality company managing a portfolio of 20+ distinctive brands across luxury, lifestyle, and resort segments. This news hub provides investors and industry observers with verified corporate updates and financial developments.
Access timely reports on earnings announcements, property acquisitions, management changes, and strategic partnerships. Our curated collection includes official press releases alongside third-party analysis of Hyatt's market position in the Americas, Asia-Pacific, and EMEA regions.
Key coverage areas include portfolio expansions, sustainability initiatives, and operational innovations across Hyatt's managed and franchised properties. Bookmark this page for updates on how the company navigates evolving travel trends through its Inclusive Collection and World of Hyatt loyalty program.
Hyatt Hotels (NYSE: H) has completed a 50/50 strategic joint venture with Grupo Piñero to manage Bahia Principe Hotels & Resorts properties. The deal adds 22 resorts with approximately 12,000 rooms to Hyatt's Inclusive Collection, including 21 Bahia Principe-branded properties across the Dominican Republic, Mexico, Jamaica, and Spain, plus the Cayo Levantado Resort.
The asset-light joint venture, headquartered in Palma de Mallorca, will be led by Bahia Principe's CEO Julio Pérez as CEO, with Grupo Piñero's Global CEO Encarna Piñero serving as Chairman of the Board. Hyatt's VP Hotel Finance, Izet Mahalbasic, will join as CFO. This expansion builds on Hyatt's all-inclusive growth strategy, which began in 2013 and expanded significantly with the Apple Leisure Group acquisition in 2021.
Playa Hotels & Resorts (NASDAQ: PLYA) has entered into an exclusive negotiation agreement with Hyatt Hotels (NYSE: H) regarding potential strategic options, including a possible acquisition by Hyatt. The exclusivity period runs until February 3, 2025, or until a definitive agreement is reached.
The company's Board of Directors has been evaluating opportunities to maximize shareholder value and has engaged with multiple potential counterparties. Playa currently owns and manages a portfolio of 24 resorts (8,627 rooms) across Mexico, Jamaica, and the Dominican Republic under various brands including Hyatt Zilara, Hyatt Ziva, Hilton All-Inclusive, and others.
PJT Partners LP is serving as financial advisor, and Hogan Lovells as legal counsel for the discussions.
Hyatt Hotels (NYSE: H) has entered into exclusive negotiations with Playa Hotels & Resorts (NASDAQ: PLYA) regarding potential strategic alternatives, including a possible acquisition of Playa by Hyatt. Playa, described as one of the world's strongest operators of all-inclusive resorts, owns high-end properties across the Caribbean and Mexico.
CEO Mark Hoplamazian emphasized that any strategic alternatives would align with Hyatt's asset-light business model and could add new durable fee streams. Currently, Hyatt owns 9.99% of Playa's outstanding shares. The company's portfolio includes more than 1,350 hotels and all-inclusive properties across 79 countries, spanning various brands in Luxury, Lifestyle, Inclusive, Classics, and Essentials portfolios.
Hyatt Hotels (NYSE: H) has announced a long-term licensing agreement with The Venetian Resort Las Vegas, enabling the iconic luxury property to be bookable through Hyatt channels. The agreement adds 7,000 rooms and 2.25 million square feet of meeting space to Hyatt's portfolio.
World of Hyatt members will soon be able to earn and redeem loyalty points at the resort, which includes two luxury hotels - The Venetian and The Palazzo. The property recently underwent a $1.5 billion reinvestment, featuring reimagined suites inspired by Venetian Carnival costumes. The partnership aims to expand Hyatt's presence in Las Vegas, a key market experiencing higher group business volume than pre-pandemic levels.
Caption by Hyatt Downtown Nashville has opened its doors in The Gulch neighborhood, marking the second Caption by Hyatt hotel in the U.S. The property features 210 rooms, 2,200 square feet of indoor and outdoor meeting space, and Café Between, an all-day coffee and cocktail lounge. The hotel's design pays homage to the area's railroad heritage through various architectural and decorative elements.
The property includes sustainable features like a rainwater harvesting system and offers technological enhancements such as self-service check-in kiosks and digital room keys. World of Hyatt members can save up to 25% on stays through May 31, 2025. The hotel is co-owned by HRI Hospitality, C.B. Ragland, and Peachtree Hotel Group, and operated by HRI Lodging.
Hyatt Hotels (NYSE: H) announced plans to open over 50 luxury and lifestyle hotels worldwide by 2026, showcasing its ambitious growth strategy at ILTM Cannes. The company has expanded its luxury portfolio by 28 hotels in the past three years and doubled its luxury room count since 2017, with 70% of global rooms now categorized as luxury and upper upscale.
The company has also quintupled its lifestyle rooms since 2017, adding 28 lifestyle hotels in 2024 alone. This growth was bolstered by the recent acquisition of Standard International and the creation of a new Lifestyle group headquartered in New York City. Notable upcoming openings include Miraval the Red Sea, Park Hyatt Kuala Lumpur, and Andaz Miami Beach.
Rio Hotel & Casino Las Vegas has officially joined the Destination by Hyatt brand, completing phase one of its $340 million transformation. As the largest property in Hyatt's global portfolio by room count, the renovation included modernizing the 1,500-room Ipanema Tower, introducing six new culinary destinations in the Canteen Food Hall, renovating 220,000 square feet of meeting space, revamping the pool district, and upgrading the casino floor with 500 new slot machines and 30 table games.
Phase two will focus on redesigning the Masquerade Tower guestrooms and public spaces. The property now participates in the World of Hyatt loyalty program, offering members points earning and redemption opportunities.
Grand Hyatt Deer Valley opens today as a premier destination in the newly developed Deer Valley East Village, featuring 436 luxury accommodations including 55 residences. The resort provides direct access to Deer Valley Resort's upcoming expansion with 300+ new skiable acres and 20 new runs, expected to open for the 2024/2025 season.
The property includes nearly 30,000 square feet of event space, multiple dining venues led by Chef Marc Marrone, and amenities such as a heated outdoor pool and three hot tubs. Room rates begin at $799/night this winter. The resort will also feature a spa opening mid-2025 and offers various family-friendly facilities including Camp Hyatt Kids Club.
Hyatt Hotels (NYSE: H) has announced its participation in the Barclays 10th Annual Eat, Sleep, Play, Shop Conference in New York. Adam Rohman, Senior Vice President Investor Relations & Global Financial Planning and Analysis, will deliver a presentation at 9:45 a.m. ET on Tuesday, December 3, 2024. The presentation will be accessible via webcast through Hyatt's investor relations website, with a replay available for 90 days following the event.
Hyatt Hotels announces cyber savings of up to 25% off at over 800 hotels across the Americas, following a survey revealing 85% of consumers prefer travel gifts over physical presents this holiday season. The offer is available for World of Hyatt members when booked by December 9, 2024, for stays between November 21, 2024, and April 20, 2025.
The survey highlights consumer preferences for travel experiences, with 70% seeking relaxation, 66% interested in culinary experiences, and 60% wanting to explore new destinations. The promotion includes various properties from luxury resorts to urban hotels across destinations like Scottsdale, Palm Springs, Cancun, and Vail.
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