Hyatt to expand its brand portfolio in California, Oregon and Washington by nearly 45 percent
CHICAGO, IL, 2019-Jan-29 — /Travel PR News/ — Hyatt Hotels Corporation (NYSE: H) today(January 28, 2019) announced that Hyatt expects 40 new hotels to open in California, Oregon and Washington by the end of 2021, fueling Hyatt’s regional brand growth by nearly 45 percent. The new executed properties – under management and franchise agreements – will join 89 Hyatt-branded hotels that are currently open and operating in California, Oregon and Washington.
The West Coast is a priority for developers due to business demand from several strong markets in cities like San Diego, San Francisco, Portland, Ore., and Seattle. Further reasons to support Hyatt’s strategy to focus on West Coast growth includes corporate and leisure travelers from Asia, where Hyatt has strong brand name recognition.
“The West Coast U.S. is a primary area of focus for Hyatt, and we see enormous potential to grow our portfolio of brands in this region,” said Jim Chu, global head of development and owner relations, Hyatt. “Today’s announcement further demonstrates the overall strength and resonance of Hyatt-branded hotels with developers, owners and guests.”
Most notably, new West Coast properties include Hyatt House San Jose/Cupertino (March 2019) to be located in the heart of Silicon Valley, the 350-room Grand Hyatt at SFO (Summer 2019) which will be the only hotel on airport grounds, the 600-room Hyatt Regency Portland at Oregon Convention Center (Early 2020) and Thompson Hollywood (Early 2020). These will complement the recently opened Hyatt Regency Seattle, the largest hotel in the Pacific Northwest, per number of rooms (1,260) and meeting space (103,000 square feet).
Complete list of new West Coast U.S. properties:
Park Hyatt
Park Hyatt hotels provide discerning, affluent business and leisure guests with elegant and luxurious accommodations. Each Park Hyatt hotel is custom designed to combine sophistication with distinctive regional character. parkhyatt.com
Grand Hyatt
Grand Hyatt hotels celebrate the iconic in small details and magnificent moments, providing sophisticated business and leisure travelers with elegant accommodations, extraordinary restaurants, bars, spas and fitness centers, as well as comprehensive business and meeting facilities. grandhyatt.com
Andaz
Andaz hotels draw upon surrounding neighborhoods to craft distinctively local experiences, fully immersing guests in each inspiring destination through unique expressions of local culture. Andaz hotels are designed to reflect their surroundings and feature an innovative service model that creates a barrier-free and non-traditional environment. andaz.com
The Unbound Collection by Hyatt
The Unbound Collection by Hyatt brand is designed to provide a portfolio of unconventional upper-upscale and luxury properties ranging from historic urban gems to contemporary new build hotels, boutique properties, and resorts. Each hotel is one-of-a-kind and offers story-worthy and extraordinary experiences for our guests. unboundcollectionbyhyatt.com
Destination Hotels
Destination Hotels is a collection of more than 40 upscale and luxury independent hotels, resorts and residences across North America. Serving as both the explorer and the guide, Destination hotels ensure a sense of genuine belonging and the chance to encounter life-enhancing discoveries. destinationhotels.com
Hyatt Regency
The Hyatt Regency brand prides itself on connecting travelers to who and what matters most to them. Conveniently located in urban and resort locations in more than 30 countries around the world, Hyatt Regency hotels serve as the go-to gathering space for every occasion, offering a one-stop experience that puts everything guests need right at their fingertips. hyattregency.com
Thompson Hotels
Founded in 2001, Thompson Hotels is an award-winning international hospitality brand that delivers a new take on modern luxury at the refined edge of travel. Each location offers a stunning, carefully layered and dynamic urban or resort setting that molds into the surrounding community. thompsonhotels.com
Hyatt Centric
Hyatt Centric hotels are full service lifestyle hotels located in prime destinations that are created for millennial-minded guests who view their hotel as more than a place to stay. Hyatt Centric hotels help guests discover the world’s most compelling destinations like an in-the-know local. hyattcentric.com
Hyatt House
Hyatt House hotels are designed to welcome guests as extended stay residents. Apartment-style suites with fully equipped kitchens and separate living areas remind guests of the conveniences of home. hyatthouse.com
Hyatt Place
Hyatt Place hotels offer a modern, comfortable and seamless experience, combining style and innovation to create a casual hotel environment for today’s multi-tasking traveler. From the lobby to the guest rooms to in-hotel dining, every touchpoint is designed with the high value business traveler in mind. hyattplace.com
Joie de Vivre
Since its founding in San Francisco in 1987, the Joie de Vivre brand has made curating playful travel through local connections and eclectic experiences its signature. Each Joie de Vivre hotel is an original concept designed to reflect its neighborhood. jdvhotels.com
tommie
tommie is a carefully edited hotel and gathering place that inspires guests to author their own experiences. By focusing on the essentials and providing fun, relevant choices, the tommie brand offers a fresh lens for the youthful and open-minded to explore, connect and discover. tommiehotels.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 with a portfolio of 14 premier brands. As of September 30, 2018, the Company’s portfolio included more than 750 properties in more than 55 countries across six continents. The Company’s purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company’s subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™, Hyatt Residence Club® and Exhale® brand names. On November 30, 2018, the Company expanded its hotel and resort portfolio with the inclusion of the Alila®, Destination®, Joie de Vivre®, Thompson Hotels® and tommie™ brands. For more information, please visit www.hyatt.com.
Forward-Looking Statement
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. These statements include, but are not limited to, statements related to the Company’s outlook, estimated Adjusted EBITDA contribution of the transaction, estimated integration-related costs of the transaction, plans, objectives, goals, expectations, beliefs, business strategies, future events, business conditions, business trends and expectations, and involve known and unknown risks that are difficult to predict. As a result, 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, among others, the risks discussed in the Company’s filings with the SEC, including our annual report on Form 10-K and subsequent reports, which filings are available from the SEC. 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 do not undertake or assume any 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.
Contact:
Jorian Weiner
Hyatt
+1 312 780 3004
jorian.weiner@hyatt.com
Source: Hyatt Hotels Corporation
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