Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation, said, “During the fourth quarter, our comparable owned and leased RevPAR increased 7.5% as we benefited from solid demand and to a limited extent from renovations completed in prior periods.”
Hyatt Hotels Corporation today announced the opening of Hyatt Regency Qingdao, introducing the Hyatt Regency brand to China’s booming coastal city in the Shandong province. Hyatt Regency Qingdao will be the first upscale urban resort in northern China with an idyllic ocean setting.
Hyatt Hotels has announced it has formed a joint venture with an affiliate of Host Hotels & Resorts to develop and operate a 131-unit Hyatt Residence Club resort in Maui, Hawaii on Ka’anapali Beach. A Hyatt affiliate will invest approximately $40 million in the vacation ownership property.
Hyatt Hotels has entered into an agreement with Bonifacio Landmark Realty and Development to build a Grand Hyatt hotel and Grand Hyatt branded residences in Manila, Philippines. Expected to open in 2015, Grand Hyatt Manila and Residences will be part of a two-tower upscale mixed use project in the residential, entertainment and business district of Fort Bonifacio Global City in Metro Manila.
Hyatt Hotels Corporation announced that a Hyatt affiliate acquired a select service hotel in downtown Minneapolis and will rebrand the hotel as Hyatt Place Minneapolis Downtown following $20 million in capital improvements. The rebranding is scheduled for the summer of 2013.
Hyatt Hotels has announced a Hyatt affiliate has entered into a management agreement with Grande Asset Hotels and Property Public Company, a Bangkok-based real estate development company, for Hyatt Regency Bangkok, Sukhumvit. Expected to open in 2017, the hotel will be the first Hyatt Regency-branded hotel in Bangkok, and will join the already open Grand Hyatt Erawan Bangkok.
Hyatt Hotels Corporation announced that a Hyatt affiliate has signed a management agreement with IHHR Hospitality Private Limited (IHHR) for five Ista hotels in India to be re-branded by Hyatt.
Hyatt Hotels has announced a Hyatt affiliate has entered into a management agreement with Sinolanka Hotels & Spa for a Hyatt Regency hotel in Colombo, Sri Lanka. Hyatt Regency Colombo will be the first Hyatt-branded hotel in Sri Lanka.
Hyatt Hotels has entered into an agreement with Ginekar for a Hyatt Place Hotel in Yerevan, the capital of Armenia. Hyatt Place Yerevan is the third Hyatt Place hotel under development in Europe, joining Hyatt Place Amsterdam Airport and Hyatt Place Zurich Airport.
Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a management agreement with Dilony S.A. for a new Hyatt hotel in Montevideo, Uruguay. Hyatt Montevideo will mark the first Hyatt-branded hotel in Uruguay, bringing the total number of announced Hyatt-branded hotels under development in Latin America to 14.
BTN talks to Theirry Berlin, VP Worldwide Sales, Hyatt International at Arabain Travel Market 2012
Hyatt Hotels has signed a management agreement with Hotel De La Paix for the first Hyatt-branded hotel in Cambodia. Under the agreement, Hotel De La Paix Siem Reap will be rebranded as Park Hyatt Siem Reap.