Hyatt completes acquisition of Standard International and its iconic hotel brands, The Standard and Bunkhouse Hotels

Hyatt Hotels confirmed it has completed the acquisition of the brands and most of the affiliates of pioneering lifestyle hospitality company Standard International, the parent company of The Standard and Bunkhouse Hotels brands. This acquisition enhances Hyatt’s leading position in the industry’s premier lifestyle segment, building on both Hyatt’s organic growth and a series of acquisitions that quintupled the number of lifestyle rooms in Hyatt’s global portfolio between 2017 and 2023.

The 100% asset-light portfolio includes management, franchise and license contracts for 22 open hotels with approximately 2,000 rooms, including The Standard, London, The Standard, High Line in New York City, The Standard, Bangkok Mahanakhon and The Manner in SoHo, which made its highly anticipated debut last month with some of New York Fashion Week’s most coveted afterparties. New properties slated to open later this year include The Standard, Singapore, Bunkhouse’s Hotel Saint Augustine in Houston, and The StandardX, Bangkok Phra Arthit, offering the immersive experiences Standard International’s brands are known to deliver. The acquisition includes a robust residential business with Standard Residences under development in Miami, Lisbon, Phuket, Hua Hin, Mexico City and Tulum as well as completed Bunkhouse Residences at Hotel Saint Cecilia in Austin, TX.

Hyatt announces plans for the first Andaz Hotel in Australia

Hyatt Hotels has entered into agreements with partners for a new property in Australia, the Andaz Gold Coast will be part of an integrated resort masterplan, The Star Gold Coast will open in mid-2025.

“We are thrilled to announce plans to bring the Andaz brand to Australia’s premier resort destination in collaboration with The Star Gold Coast,” said David Udell, group president, Asia Pacific, Hyatt. “Hyatt has had a brand presence in Australia for over 40 years, and we are excited to expand our luxury, lifestyle and leisure offerings into sought-after destinations like the Gold Coast. This resort will complement our current portfolio of 10 hotels under five distinct brands in Australia, including Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt Centric and Hyatt Place.”

The Star Gold Coast General Manager of Hotels Steve McPharlin said, “We are delighted to welcome Andaz Gold Coast to our world-class tourism and entertainment precinct. As part of The Star Gold Coast’s AU$2 billion (approximately US$1.33 billion) masterplan, we are proud to continue our investment in this dynamic city while also providing new employment opportunities alongside vibrant hospitality experiences.”

Hyatt expands its luxury and lifestyle brand across the Americas region

One of the globe's leading hotel companies, Hyatt Hotels is rapidly expanding its luxury and lifestyle hotels in the Americas region with the news that more than 20% of planned openings are across the U.S., Canada, Mexico, Latin America and the Caribbean.

This planned growth will expand Hyatt’s brand footprint in several new regional markets, allowing Hyatt to care for guests and World of Hyatt members in more places and on more stay occasions.

It is no secret that Hyatt has been on an upward trajectory since 2017, as it has doubled the number of luxury rooms, tripled the number of resort rooms, and quintupled its number of lifestyle rooms globally. This growth marks out Hyatt as the fastest-growing luxury portfolio with the largest number of luxury-branded rooms in resort locations worldwide.

Crystal Vinisse Thomas, vice president and global brand leader for Hyatt's luxury and lifestyle brands said: "We are engaged with our guests and World of Hyatt members and taking in their feedback helps us strengthen our understanding of the key markets and leisure experiences that resonate with and excite them the most. -  From Deer Valley to Miami to Valle de Guadalupe, Mexico, our luxury and lifestyle brands’ expansion in new and key markets is driven by our desire to offer travellers more opportunities to explore the unique communities our hotels are a part of and the chance to embark on incredible experiences with Hyatt.”

Looking ahead, Hyatt will offer guests more iconic lifestyle brands and experiences through the planned acquisition of lifestyle pioneer Standard International. Enhancing its position as a leading lifestyle hospitality leader, Hyatt will launch a new dedicated lifestyle group that will include The Standard and Bunkhouse Hotels brands, as well as many of its world-class restaurant and nightlife affiliates (The Boom Boom Room, The Standard Grill, Le Bain, and more). Following the transaction’s close, Hyatt is planning to welcome Standard International properties into World of Hyatt, bringing even more celebrated lifestyle options to its 48 million loyalty members.

See below for newly opened and coming soon properties from Hyatt.

Hyatt hotels welcomes the opening of the Hyatt Place Aurangabad Airport

Hyatt Hotels Corporation has celebrated the opening of the Hyatt Place Aurangabad Airport, the second Hyatt Place hotel in the state of Maharashtra and the eleventh Hyatt Place hotel in India.

The 150-room property exemplifies the Hyatt Place brand’s intuitive design, casual atmosphere, and elevated amenities.  It is located near both Chhatrapati Sambhajinagar (Aurangabad) Airport and the city’s economic zones such as Shendra MIDC and Waluj MIDC, the hotel combines style, innovation and 24/7 amenities to create an easy-to-navigate experience for today’s multi-tasking traveler. The property is close to nearby tourist attractions such as historical landmark, Bibi ka Maqbara, and provides guests with easy access to the renowned UNESCO World Heritage sites of the Ajanta and Ellora caves.

Hyatt Place Aurangabad Airport delivers a seamless transition from work to relaxation and is the perfect base for guests traveling to the city of Aurangabad for business and leisure. The hotel’s extensive facilities include multiple dining options including Zing offering all day dining, Zing Bar and The Market, specialized event and meeting spaces, a fitness center, and a swimming pool.

“Hyatt Place Aurangabad is the seventh Hyatt-branded property in the State of Maharashtra, highlighting our commitment to this region. We are excited to continue our strategic expansion, extending our presence to destinations that align with our guests' preferences and offering owners and developers the opportunity to leverage our global distribution network and benefits of the World of Hyatt loyalty program,” said Dhruva Rathore, Vice President of Development, India & Southwest Asia, Hyatt.

Commenting on the opening, Amit Jain, General Manager at Hyatt Place Aurangabad Airport said, “We are thrilled to bring the Hyatt Place brand to Chhatrapati Sambhajinagar (Aurangabad), offering a global level of comfort and convenience to both business and leisure travelers. Our dedicated team looks forward to providing exceptional service and ensuring every guest's stay is memorable and enjoyable.”

Hyatt Place Aurangabad features 150 spacious rooms, each designed and outfitted with the latest amenities and features to meet the needs of the modern-day traveler.  Every room has a state-of-the-art media and work center, a 55-inch Smart TV, a comfortable Cozy Corner Sofa and beautifully designed bathrooms. The property also boasts five suites each with a balcony, one King Suite and elevated décor and furnishings to let guests rest and unwind as well as their own private outdoor space with a pool view.

The property offers guests a variety of culinary options to enjoy on the premises. The on-site restaurant Zing offers an extensive buffet and a’la carte menu with inspired Asian, Italian and Indian offerings. Zing Bar located in the hotel lobby provides an ideal space to relax while sampling a selection of spirits and cocktails. Guests on the move can also stop by at the grab n’ go café The Market for a freshly brewed coffee, sandwich, or bakery item. Guests can also order in-room dining from the menu available.

Hyatt Place Rouen opens

Hyatt Hotels Corporation confirmed the opening of Hyatt Place Rouen, expanding the Hyatt Place brand’s global footprint in markets that matter most to guests and World of Hyatt members. Combining style, innovation and 24/7 convenience, the new hotel features a modern design, casual atmosphere, and practical amenities, such as three meeting rooms, a restaurant with French regional cuisine, an onsite spa with a heated pool and treatment rooms, and a state-of-the-art fitness centre.

Hyatt Place Rouen is conveniently situated in the heart of Rouen, a pleasant stroll from iconic sites such as the Musee des Beaux-Arts de Rouen and the Gothic Cathedrale Notre-Dame de Rouen, and located within a former teacher training college dating back to 1886. Just a two-hour drive away from Paris, with unparalleled access to the charming countryside and historical sites of Normandy, Hyatt Place Rouen is an ideal choice for both work and relaxation, situated in the third most visited region in France.

The hotel offers panoramic views overlooking the city’s skyline of “a hundred spires”, and this outlook is reflected in the interior design with a steel blue palette evoking the Seine River and stormy Norman skies. This complements the muted yellow tones, in a nod to the region’s renowned Calvados spirits and the warmth of the local culture. Stripes feature throughout the property, as a reference to the half-timbering characteristic of the old town area. Within the “Jardins des Oeuvres”, three striking sculptures add to the hotel’s charm and character. Seamlessly blending contemporary style and comfort, Hyatt Place creates an easy-to-navigate experience for today’s modern traveller.

Commenting on the opening, Michel Morauw, Managing Director Hyatt EAME North said, “Hyatt Place Rouen captures the essence of Rouen’s rich history while providing the modern traveller with a comfortable, convenient and memorable stay, whether visiting for a short business break, or a leisurely getaway to explore the region’s culture and history. Hyatt Place Rouen marries classical charm with contemporary sophistication, and further expands the brand’s presence in one of our key markets, offering guests and World of Hyatt members exceptional experiences in sought-after destinations.”

Hyatt announces plans for Park Hyatt Sapporo

Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a management agreement with Heiwa Real Estate Co. Ltd., for a new Park Hyatt hotel in Sapporo. Scheduled to open in 2029, the hotel will be situated in the economic and cultural centre of the Hokkaido Prefecture in northern Japan. It will be the fourth Park Hyatt branded hotel in the country and will complement the award-winning Park Hyatt Niseko Hanazono, a luxury mountain retreat located in Hokkaido’s leading ski resort.

The hotel will be conveniently located in a mixed-used tower under development at the intersection of the famed Odori Park and bustling Sapporo Ekimae-dori, the city’s main commercial and business thoroughfare. Spanning the 27th through 35th floors, it offers magnificent views of the park and city. The building will be designed by celebrated architect Kengo Kuma, who is renowned for his innovative ability to blend architecture and the natural world. Park Hyatt Sapporo will offer 157 luxurious rooms and suites, world-class culinary and wellness experiences, an indoor swimming pool and inspiring spaces for meetings and events.

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Hokkaido’s year-round attractions now account for the most inbound overnight stays and tourism spending of any regional area in Japan, separate from the nation’s three major metropolitan areas [source: Japan Ministry of Land, Infrastructure, Transport and Tourism]. Japan’s northernmost island of Hokkaido is known for rugged wildernesses, superb powder snow, sumptuous seafood, intriguing indigenous culture and more. The city is easily accessible by 90-minute flights from Tokyo, and eventually by high-speed rail when the Bullet Train extends to Sapporo in the early 2030s. As Japan’s fifth-largest city, Sapporo itself has become a favored destination. Tanuki Koji shopping street and the Susukino entertainment district bustle with tourists year-round, while Sapporo’s iconic winter landscape has been named one of Japan's top sights to behold.

People at the Tanukikoji Shopping Street

“Park Hyatt Sapporo is our second collaboration with Heiwa Real Estate, after Caption by Hyatt Kabutocho Tokyo, which is set to open in 2025,” said David Udell, group president, Asia Pacific, Hyatt. “We sincerely appreciate their confidence in Hyatt, and we are honoured to join with them in elevating the luxury offerings in this dynamic city. We are excited to be part of the ongoing transformation of Sapporo, as more discerning business and leisure travelers, including World of Hyatt members, head north to discover Hokkaido.”
“With a superb location in central Sapporo, Park Hyatt Sapporo will become a luxury home-away-from-home for those looking to experience Sapporo's rich selection of attractions,” said Kiyoyuki Tsuchimoto, representative executive officer, president and chief executive officer of Heiwa Real Estate. “This development project is the starting point of our new growth strategy, as we contribute to Sapporo's evolving stature as one of Japan’s leading cities. We are confident that our collaboration with Hyatt will be another highly successful one.”
Park Hyatt Sapporo will join Hyatt’s growing Japan portfolio of 21 hotels encompassing nine brands, including Andaz, Grand Hyatt, Hyatt Regency, Hyatt Place, Hyatt House, Caption by Hyatt, and The Unbound Collection by Hyatt. Hyatt is steadily increasing its brand presence in Hokkaido with Park Hyatt Hanazono which opened in early 2020, as well as the vibrant Hyatt Centric brand, which is set to debut in Sapporo in 2026. -

Hyatt to acquire Standard International including its brands, The Standard and Bunkhouse Hotels.

Hyatt Hotels Corporation this week announced the planned acquisition of the brands and most of the affiliates of pioneering lifestyle company Standard International, the parent company of The Standard and Bunkhouse Hotels brands. This move enhances Hyatt’s position as the leader in the industry’s premier lifestyle space, building on both its organic growth and a series of acquisitions that quintupled the number of lifestyle rooms in Hyatt’s global portfolio between 2017 and 2023. The transaction is anticipated to close later this year, subject to customary closing conditions.

With this transaction, Hyatt will form a new dedicated lifestyle group that will be headquartered in New York City. Led by Standard International's Executive Chairman Amar Lalvani, the lifestyle group will leverage Hyatt's best-in-class operational and loyalty infrastructure while assuming distinct leadership across key functions including experience creation, design, marketing, programming, public relations, restaurants, nightlife and entertainment. The new lifestyle group will be made up of the talented Standard International team as well as Hyatt colleagues – more details about the lifestyle group will be shared following the closing of the transaction.

Hyatt Hotels completes the sale of Hyatt Regency Orlando for $1.07 Billion

Hyatt Hotels Corporation has confirmed that an affiliate of Hyatt has completed the sale of the 1,641-room Hyatt Regency Orlando and adjacent 45 acres of land to affiliates of RIDA Development Corporation and an Ares Management Real Estate fund (“Ares”) for approximately $1.07 billion, while retaining a long-term management agreement under the Hyatt Regency brand. In connection with the transaction, Hyatt retained $265 million of non-controlling preferred equity and provided an additional $50 million of seller financing for the adjacent 45-acre parcel.

The sale of Hyatt Regency Orlando is part of Hyatt’s capital allocation strategy to sell owned hotels and reinvest proceeds in asset-light platforms that accelerate growth, and exceeds Hyatt’s expanded $2 billion asset-disposition commitment announced in 2021. Over a three-year period, Hyatt has now realized $2.6 billion of gross proceeds, net of acquisitions, at a 13.3x multiple.

Hyatt Regency Orlando, the fourth largest Hyatt hotel globally by room count, has 1,641 rooms with 315,000 square feet of flexible event space. The hotel – which welcomes more than one million guests and attendees on average per year – is strategically positioned in the market given its prime location near popular Orlando attractions and direct connection to the Orange County Convention Center, the second largest convention facility in the U.S. The city’s strong tourism industry makes Orlando a key market, and RIDA and Ares intend to invest additional capital in a significant renovation plan that will focus on guestrooms and other amenities to further enhance the guest experience. 

Additionally, with significant experience developing large-scale convention properties, RIDA and Ares have entered into a development agreement with Hyatt for a new Grand Hyatt hotel on the 45 acres of land adjacent to Hyatt Regency Orlando. Upon the satisfaction of certain conditions, Hyatt and an affiliate of RIDA and Ares will enter into a long-term management agreement for the hotel. 

Grand Hyatt Kunming Opens in China's 'Spring City'

The 331-room hotel offers a distinctive luxury retreat in the heart of Kunming, blending elegance and opulence with the essence of Yunnan culture

Hyatt Hotels Corporation announced this week the opening of Grand Hyatt Kunming, marking the debut of the Grand Hyatt brand in the heart of  China’s scenic southern Yunnan province, unveiling a new landmark of modern luxury and exceptional service inspired by Yunnan’s rich culture and charm.

Housed in Kunming’s prestigious Spring City 66 plaza, Grand Hyatt Kunming, together with Grand Hyatt Residences Kunming, a Grade-A office tower and luxury shopping mall with top-notch international brands in the complex, immerses guests in a one-stop destination for premium business, shopping, dining, entertainment and living in the heart of the city.

“We are thrilled to launch Grand Hyatt Kunming in collaboration with Hyatt, reinforcing our commitment to bring the best to Kunming and showcase the best of Kunming to the world. The opening further strengthens Spring City 66’s leadership as a premier lifestyle destination in Southwest China and injects new energy into the city’s travel, lifestyle, and business sectors, creating compelling spaces that enrich lives,” said Mr. Weber Lo, Chief Executive Officer of Hang Lung Properties.

“With its focus on delivering elevated experiences in iconic destinations, we are excited to announce introduction of the Grand Hyatt brand to the beautiful city of Kunming,” said Stephen Ho, President Greater China and Growth, Asia Pacific at Hyatt Asia Pacific. “This opening is a splendid addition to Hyatt’s luxury portfolio, and its central location provides guests the perfect opportunity to discover all that the city has to offer.”

Known as the “Spring City” for its year-round spring-like climate, Kunming offers endless attractions for culture, food and nature lovers alike, from markets and museums to stunning forests and lakes, all easily accessible from the hotel’s unparalleled location. Neighboring attractions include Jinma Biji Square and Nanqiang Street, famed for its night market. The hotel is also steps from the Yunnan International Convention Center and Tuodong Sports Stadium, and only a two-minute walk from DongFeng Square metro station.

“We are delighted to welcome guests to Grand Hyatt Kunming, offering a tranquil haven of elegant living directly connected to Spring City 66, a landmark luxury shopping and lifestyle destination. Through the hotel’s distinctive design, innovative culinary experiences and heartfelt service, we look forward to creating unforgettable memories for our guests and providing a gateway to discover the richness and beauty of Yunnan culture,” said Louis Low, general manager, Grand Hyatt Kunming.

Contemporary Design Inspired by Yunnan Culture and Nature

Hyatt’s Growth Momentum Continues With Record Global Pipeline of 129,000 Rooms

Growth in lifestyle and resort segments, and the new upper-midscale Hyatt Studios brand, further expands Hyatt’s footprint in new markets while deepening World of Hyatt member loyalty and attracting new guests.

Hyatt Hotels Corporation has advised its pipeline has grown by nearly 85 percent since 2017, reaching a record 129,000 rooms. This significant growth highlights the strong preference of hotel owners and the strength of the Hyatt brand. Hyatt’s commitment to creating the preferred portfolio for high-end guests has resulted in doubling luxury rooms, tripling resort rooms, and quintupling lifestyle rooms since 2017.

“Hyatt’s ability to lead the industry in net rooms growth for seven years is a result of our unique approach to development," said Mark Hoplamazian, president and chief executive officer, Hyatt. "We strategically expand our portfolio of brands, intentionally selecting new and existing markets to enhance our network effect for owners and guests. Our commitment to thoughtful organic growth and strategic acquisitions amplifies our asset-light business model. Our goal is not to be the largest hospitality company, but the company most valued by colleagues, guests, and owners.”

HYATT REGENCY LONDON BLACKFRIARS

Additionally, the award-winning World of Hyatt loyalty program has quadrupled its membership since 2017 and is up 22% as of the end of the first quarter of 2024 compared to the same period last year, reaching 46 million members globally. World of Hyatt also has 30 percent more members per hotel than its larger competitors.

Lifestyle brands fueling growth, introducing Hyatt to new markets and new guests

Consumers continue to prioritize discretionary spending on experiences with leisure travel demand remaining resilient. Lifestyle hotels create a holistic experience that excites the senses with food and beverage, art, music and programming that is constantly evolving, presenting an enticing proposition for consumers. Hyatt’s upcoming lifestyle property openings and rebrandings include:

Americas:

• The Bentley Hotel Southampton (now open) After undergoing a full renovation, the property will be the first Hyatt-branded hotel in the Hamptons when it joins the JdV by Hyatt brand in September.
• Thompson Palm Springs (expected to open in September 2024) will debut a collection of 168 bungalow-inspired guest rooms and suites in the heart of the city’s design district. The highly anticipated hotel is accepting reservations for stays beginning September 5, 2024, and will feature spirited dining concept, Lola Rose Grand Mezze and HALL Napa Valley’s inaugural tasting room.
• Andaz Miami Beach (expected to open by end of 2024), previously The Confidante Miami Beach, will be the first Andaz hotel in Florida and is undergoing a property-wide multi-million-dollar redesign. The fully reimagined resort will offer guests new immersive dining experiences by the José Andrés Group.
• Thompson Miami Beach (expected to open in late 2024) will overlook Soundscape Park and feature a rooftop pool, restaurant, and bar, in an iconic exterior conceptualized by renowned French architect Rudy Ricciotti and designer Atelier Gulla Jonsdottir.
• The Legend Paracas Resort (expected to open in 2024) will join the Destination by Hyatt brand in 2024 marking the introduction of the brand in South America. Located on the coast of Peru about three hours south of Lima, the resort is nestled between the Paracas Natural Reserve and the Pacific Ocean, offering panoramic views of Paracas Bay and rugged desert hills.
• The Digby (expected to open in 2025) will be the first property to join The Unbound Collection by Hyatt brand in Georgia and will be located on Savannah’s Ellis Square, steps from attractions including City Market, River Street, and world-class shopping and dining.
• Hyatt Centric San Juan Isla Verde (expected to open in 2025) will be the first Hyatt Centric branded hotel in Puerto Rico, located in the buzzy Isla Verde neighborhood, one block away from Isla Verde Beach and walking distance to restaurants, shopping, historical landmarks and nightlife.
• Andaz Turks & Caicos at Grace Bay (expected to open in 2026) will mark the first Hyatt hotel on the island of Turks & Caicos and the first Andaz hotel in the Caribbean. The 5.5+ acre resort will offer three restaurants and bars, an elevated rooftop venue and full array of lifestyle amenities.
• Thompson Monterrey (expected to open in 2026) will be the first urban Thompson Hotel property in Mexico. The hotel will be part of Torre IKON, a mixed-use 31-story tower set to be one of the most iconic high-rise buildings in the San Pedro Garza García neighborhood.

Europe, Africa and Middle East (EAME):

World of Hyatt adds more than 700 boutique and luxury properties from Mr & Mrs Smith

Hyatt Hotels Corporation has confirmed that World of Hyatt is offering members new access to earn and redeem at a collection of more than 700 boutique and luxury hotels and villas around the globe with Mr & Mrs Smith, the luxury travel platform Hyatt acquired in 2023.

From glamping stays and boutique wellness retreats to grand palazzos, world-class ski resorts and more, members can earn and redeem World of Hyatt points in hundreds of unforgettable destinations when they book through Hyatt channels.

The participating properties from the Mr & Mrs Smith portfolio adds more than 20 new, sought-after countries to World of Hyatt such as Namibia, Fiji and the British Virgin Islands. From the remote tented hideouts of Zannier Hotels Sonop in Namibia to sustainability-focused retreats at Hotel Aguas Claras in Costa Rica, or lofty lodgings at Arctic TreeHouse Hotel in Finland, every Mr & Mrs Smith property available through World of Hyatt has been carefully chosen for its inspiring design-led decor, personalized touches and above-and-beyond attention to detail. Explore participating hotels on hyatt.com/explore-hotels/map and filter by Mr & Mrs Smith.

“Our members truly value World of Hyatt, and we’re always looking for new ways to engage guests, help them get the most out of their travels and reward them for experiencing what the world has to offer – from cozying up in a secluded treehouse in the Arctic Circle, reigning over an English country manor, glamping under starry desert skies or going wild in a jungle villa perched above Pacific waters,” said Amy Weinberg, senior vice president, brand, loyalty and data, Hyatt. “True to our Be More Here platform, the addition of hundreds of hotels and villas, hand-selected by Mr & Mrs Smith, helps Hyatt welcome even more members in new destinations and deliver on our guests’ desires to have truly meaningful experiences when they travel.”

Hyatt to debut the Andaz brand in Florida with vibrant Miami Beach hotel

Following a property-wide renovation, luxury lifestyle hotel Andaz Miami Beach is slated to open in late 2024, with reimagined spaces, programming and a new culinary collaboration with Jose Andrés Group.

Hyatt Hotels Corporation, announced an update on the anticipated renovation of The Confidante Miami Beach and its complete transformation into the new Andaz Miami Beach, which is slated to open in the fourth quarter of 2024. The new hotel, which is owned by Sunstone Hotel Investors, Inc., will go beyond the familiar to discover and define guests’ personal essence while immersing themselves in the spirit of the eclectic culture around them through a barrier-free redesigned lobby, two reconceptualized pools and outdoor recreation experience, an exhilarating spa, inspiring guestrooms, suites and meeting spaces, and immersive dining experiences with the hotel’s new culinary provider, José Andrés Group. As part of the hotel’s transformation the iconic oceanfront property will temporarily suspend operations starting Monday, March 25, 2024, through the conclusion of the renovation.

"We are thrilled to unveil this new chapter for Hyatt as our hotel becomes the Andaz Miami Beach, blending the essence of Miami Beach with the allure of imaginative travel to stimulate guests’ curiosity and self-expression,” said Amy Johnson, general manager, of Andaz Miami Beach. “This exciting journey brings the luxury lifestyle Andaz brand to Florida along with exciting collaborations like Jose Andres Group. We look forward to welcoming back our guests and local community to a completely new and bold hotel, embodying the distinctly native experience and expressive nature of the Andaz brand, while still capturing the essence of Miami Beach.”

Hyatt Reports Fourth Quarter and Full Year 2023 Results

Record Total Fee Revenue Led to the Highest Cash Flow from Operations in Company History

Full Year System-Wide RevPAR Increased 17%

Hyatt Hotels Corporation last week reported fourth quarter and full year 2023 financial results. Highlights includes:

Net income was $26 million in the fourth quarter and $220 million for the full year of 2023, and exceeded the full year outlook for 2023. Adjusted net income was $68 million in the fourth quarter and $276 million for the full year of 2023.

Diluted EPS was $0.25 in the fourth quarter and $2.05 for the full year of 2023. Adjusted Diluted EPS was $0.64 in the fourth quarter and $2.56 for the full year of 2023.

Adjusted EBITDA was $241 million in the fourth quarter and $1,029 million for the full year of 2023, and exceeded the full year outlook range for 2023.

Adjusted EBITDA does not include Net Deferrals and Net Financed Contracts of $33 million1 in the fourth quarter or Net Deferrals and Net Financed Contracts of $158 million1 for the full year of 2023.

Comparable system-wide RevPAR increased 9.1% in the fourth quarter and 17.0% for the full year of 2023, compared to the same periods in 2022, and exceeded the full year outlook for 2023.

Comparable owned and leased hotels RevPAR increased 5.9% in the fourth quarter and 15.5% for the full year of 2023, compared to the same periods in 2022. Comparable owned and leased hotels operating margin was 26.2% in the fourth quarter and 25.4% for the full year of 2023.

Comparable Net Package RevPAR increased 11.3% in the fourth quarter and 15.3% for the full year of 2023 compared to the same periods in 2022.

Net Rooms Growth was 5.9% for the full year of 2023, in line with the full year outlook for 2023.

Pipeline of executed management or franchise contracts was approximately 127,000 rooms.

Share Repurchases were approximately 890 thousand Class A shares for $95 million in the fourth quarter and approximately 4.1 million Class A shares for $453 million for the full year of 2023.

Capital Returns to Shareholders were $500 million for the full year of 2023, inclusive of dividends and share repurchases, in line with the full year outlook for 2023.

1 Represents the sum of Net Deferrals and Net Financed Contracts. Refer to Apple Leisure Group Segment Statistics on schedule A-18 for additional details.

Mark S. Hoplamazian, President and Chief Executive Officer of Hyatt, said, "The fourth quarter marks the completion of a transformative year and demonstrates the progress towards our strategic vision and earnings evolution. RevPAR growth exceeded the high end of our guidance range and we had industry leading net rooms growth for the seventh consecutive year. This led to a record level of fees and the highest free cash flow in Hyatt's history. We returned $500 million to our shareholders and achieved an asset-light earnings mix of approximately 76% for the full year, a testament to the successful execution of our strategy."

Hyatt La Manga Club Golf & Spa opens

The Grand Hyatt La Manga Club Golf & Spa has officially opened in Murcia, southeast Spain, following an extensive refurbishment.

Javier Águila, group president EAME, Hyatt, said, "We are grateful for our continued collaboration with Grupo Inversor Hesperia, in making Grand Hyatt La Manga Club Golf & Spa a striking example of the Grand Hyatt brand delivering on its promise of celebrating the iconic in both the small details and magnificent moments."

The CEO of Grupo Inversor Hesperia, Jordi Ferrer, highlights, “The arrival of the Grand Hyatt brand in Spain via La Manga Club is undoubtedly an important step for our company and for the Spanish tourism sector as a whole. We are convinced that with this new hotel, distinguished by the exclusiveness of its services and location, we are going to offer unique experiences to our clients and generate new value for the Murcia Region." 

Mediterranean-inspired Guestrooms

The 192 elegantly appointed guestrooms, including seven signature suites, showcase the hotel’s idyllic location overlooking the rolling hills of Calblanque natural park and the Mediterranean Sea. Each guestroom exudes luxury, elegance and sophistication featuring the latest amenities, colours inspired by the surrounding nature and spa-inspired marble bathrooms.

Recreation and Wellness

Andaz Nanjing Hexi celebrates official opening

Hyatt Hotels in association with Sun Hung Kai Properties have confirmed the opening of Andaz Nanjing Hexi, the fourth Andaz property in the region. It is located in the rapidly developing Hexi central business district area and is ideal for exploring the city and local area. 

Andaz Nanjing Hexi boasts stunning views of the city and Yangtze River from its prime position atop Nanjing Metro Yuantong station of Line2 and Line10. As part of the most sought-after landmark Nanjing IFC, the hotel, together with two super grade-A office towers and the luxury shopping mall with top-notch international brands in the complex, create a one-stop destination of premium business, shopping, dining, entertaining and living experiences. With its perfect blend of Nanjing’s eclectic spirit, rich culture, and the vibrant character of the modern neighbourhood the property resides in, Andaz Nanjing Hexi serves as an exciting new destination for curious travellers and locals to explore and experience.

“SHKP has always been committed to developing and operating premium landmark projects. As an integral part of the Group’s flagship project Nanjing IFC, the newly opening Andaz Nanjing Hexi, along with two world-class office towers and the luxury IFC mall in the complex, will further reshape the business dynamics and economic vitality of the city, renewing a sense of glamour to this culturally rich destination,” says Albert Lau, Executive Director of Sun Hung Kai Properties.

“We are very pleased to have an Andaz hotel join our hotel portfolio. It is a new-generation luxury brand created for the young and the young at heart. We believe the hotel will inject color and vibrance to the whole IFC complex and Hexi as we welcome people from all over China and the world to spend a memorable time in Nanjing,” says Tasos Kousloglou, CEO - Hotel division of Sun Hung Kai Properties Limited.

“We are thrilled by this introduction of the vibrant Andaz brand to the Hexi CBD area,” said Stephen Ho, president of growth and operations for Asia Pacific, Hyatt. “This location is perfect for our inspiring Andaz brand, providing guests the opportunity to experience Nanjing’s rich culture. We sincerely appreciate our hotel owner, Sun Hung Kai Properties, for their support with entrusting Hyatt for this new hotel.”

Contemporary Design Rooted in Local Culture

Hyatt completes take over of Dream Hotel Group

The addition of Dream Hotel Group further strengthens Hyatt’s global lifestyle footprint and accelerates asset-light growth

Dream Hollywood (Photo: Business Wire)

Hyatt Hotels Corporation has confirmed the completion of the Dream Hotel Group lifestyle hotel brand and management platform acquisition, bringing a vibrant portfolio of lifestyle hotel brands – including Dream Hotels, The Chatwal and Unscripted Hotels – into the Hyatt portfolio. The asset-light acquisition includes 12 lifestyle hotels (nine managed and three licensed), with another 24 signed long-term management agreements for hotels expected to open in the future.

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Dream Hotel Group properties are known for their progressive design and vibrant dining and nightlife that are the soul of each hotel. They boast unique and authentic hospitality experiences built on inventive activations and design-savvy spaces that inspire creativity and act as social hubs for guests as well as local communities.

The acquisition welcomes more than 600 new colleagues into the Hyatt family, bringing deep expertise in experiential hospitality to Hyatt’s global portfolio of lifestyle offerings and extending Hyatt’s brand footprint in strategic destinations including Nashville, Hollywood, Las Vegas, South Beach, Saint Lucia, Doha and several new locations new in New York City. It will also include new markets such as the Catskills in New York and Valle de Guadalupe in Mexico.

“Hyatt’s acquisition of Dream Hotel Group represents an exciting chapter in our asset-light growth as we expand our lifestyle offerings, providing global travellers with an increased number of elevated experiences – now, and in the future,” said Mark Hoplamazian, president and chief executive officer, Hyatt. “Together, we will carefully preserve the spirit and individual identities of the sought-after Dream Hotel Group hotels while adding the commercial strength of Hyatt’s marketing and sales channels, all united under the World of Hyatt loyalty program.”

Dream Hotel Group founder Sant Singh Chatwal will continue his commitment as an owner of four open and two future hotels that are expected to join the Hyatt portfolio.

New Hyatt Regency hotel opens in London.....

Hyatt Regency London Albert Embankment has opened, the 142-room hotel marks the eighth Hyatt-branded property in London and is part of Hyatt Hotels UK growth plan.

Hyatt Regency London Albert Embankment is conveniently located, just a five-minute walk to the capital’s political epicentre, Westminster, home to landmarks including the Houses of Parliament, Trafalgar Square and Big Ben. A short stroll along the River Thames from the hotel leads to the South Bank, an area celebrated for its world-class arts and cultural venues, whilst nearby Vauxhall Station provides direct access to many of the city’s major travel hubs.

“London remains a priority market for our planned brand growth in the U.K., and we are delighted to add Hyatt Regency London Albert Embankment to our expanding list of properties in the capital,” said Felicity Black-Roberts, vice president of development of Hyatt Europe. “This is the third Hyatt Regency branded hotel in the city, further demonstrating how Hyatt is intentionally growing our brand portfolio in the U.K., bringing our most renowned brands to the in-demand markets where our guests and World of Hyatt members want to be.”

Guestrooms

A total of 142 well-appointed, contemporary guestrooms make the most of the enviable riverside spot, with many featuring floor-to-ceiling windows that provide immersive views of the city’s iconic skyline. On the 14th floor, a range of executive suites offer king-size bedrooms, spacious, modern bathrooms, and relaxing lounge areas, accompanied by a private balcony for guests to enjoy exclusive panoramas across London.

Dining

For those looking for a multifunctional setting to share, socialize and collaborate, POTUS bar and restaurant delivers a diverse and distinctive menu of North American classics alongside traditional British favourites. Meanwhile, the rooftop restaurant, cocktail bar, and shisha terrace Mezemiso serves authentic Lebanese and Japanese cuisine to create an incomparable dining experience overlooking the memorable sky-high views of the city.

Amenities

The hotel’s additional amenities reflect the Hyatt Regency brand commitment to encouraging productivity and peace of mind. This includes an on-site fitness centre fitted with the latest Technogym equipment, and five technology-enabled meeting rooms, which have been designed to inspire connection, offering 15,273 square feet (1,419 square meters) of combined meeting space for a range of events, from business conferences to group gatherings.

“We are pleased about the collaboration with Hyatt to open Hyatt Regency London Albert Embankment,” said Ivan Drinkwater – Cannon Corporate spokesperson. “The hotel is set to be the destination of choice for the millions of business and leisure travellers who visit this corner of London each year. Our team is ready to provide them with intuitive service and elevated experiences amongst the bustle of one of the city’s most popular areas.”

Hyatt Hotels have refused to curtail operations or investments within Russia following the invasion of Ukraine and continues to support Russian authorities. 

Hyatt Regency London Albert Embankment opens

Hyatt Regency London Albert Embankment has opened, the 142-room hotel marks the eighth Hyatt-branded property in London and is part of Hyatt Hotels UK growth plan.

Hyatt Regency London Albert Embankment is conveniently located, just a five-minute walk to the capital’s political epicentre, Westminster, home to landmarks including the Houses of Parliament, Trafalgar Square and Big Ben. A short stroll along the River Thames from the hotel leads to the South Bank, an area celebrated for its world-class arts and cultural venues, whilst nearby Vauxhall Station provides direct access to many of the city’s major travel hubs.

“London remains a priority market for our planned brand growth in the U.K., and we are delighted to add Hyatt Regency London Albert Embankment to our expanding list of properties in the capital,” said Felicity Black-Roberts, vice president of development of Hyatt Europe. “This is the third Hyatt Regency branded hotel in the city, further demonstrating how Hyatt is intentionally growing our brand portfolio in the U.K., bringing our most renowned brands to the in-demand markets where our guests and World of Hyatt members want to be.”

Guestrooms

A total of 142 well-appointed, contemporary guestrooms make the most of the enviable riverside spot, with many featuring floor-to-ceiling windows that provide immersive views of the city’s iconic skyline. On the 14th floor, a range of executive suites offer king-size bedrooms, spacious, modern bathrooms, and relaxing lounge areas, accompanied by a private balcony for guests to enjoy exclusive panoramas across London.

Dining

For those looking for a multifunctional setting to share, socialize and collaborate, POTUS bar and restaurant delivers a diverse and distinctive menu of North American classics alongside traditional British favourites. Meanwhile, the rooftop restaurant, cocktail bar, and shisha terrace Mezemiso serves authentic Lebanese and Japanese cuisine to create an incomparable dining experience overlooking the memorable sky-high views of the city.

Amenities

The hotel’s additional amenities reflect the Hyatt Regency brand commitment to encouraging productivity and peace of mind. This includes an on-site fitness centre fitted with the latest Technogym equipment, and five technology-enabled meeting rooms, which have been designed to inspire connection, offering 15,273 square feet (1,419 square meters) of combined meeting space for a range of events, from business conferences to group gatherings.

“We are pleased about the collaboration with Hyatt to open Hyatt Regency London Albert Embankment,” said Ivan Drinkwater – Cannon Corporate spokesperson. “The hotel is set to be the destination of choice for the millions of business and leisure travellers who visit this corner of London each year. Our team is ready to provide them with intuitive service and elevated experiences amongst the bustle of one of the city’s most popular areas.”

Hyatt Hotels have refused to curtail operations or investments within Russia following the invasion of Ukraine and continues to support Russian authorities. 

Grand Hyatt Shenzhou Peninsula opens

The Grand Hyatt Shenzhou Peninsula in Wanning, Hainan, has officially opened as a distinctive destination for a luxurious escape offering immersive experiences and unforgettable moments for guests of all ages.

Lobby inside Grand Hyatt Shenzhou Peninsula (Photo: Business Wire)

The oceanfront resort is set on Shenzhou Peninsula, a natural treasure located off the east coast of Hainan Island with a comfortable tropical climate, fresh air, golden beaches and crystal-clear waters. Nestled among lush gardens with stunning views of the South China Sea to the south and a tranquil inner sea to the north, the resort provides a welcoming environment to relax, indulge and play. It is also just a short distance from popular scenic, cultural and lifestyle attractions, including surfing spots boasting spectacular waves, and world-class golfing at The Dunes located just 10 minutes drive away.

“With the opening of Grand Hyatt Shenzhou Peninsula, we are excited to welcome guests to experience all the pleasures of a tropical resort in awe-inspiring surroundings, elevated by the luxurious comfort, theatrical dining experiences, exceptional amenities and welcoming service that the Grand Hyatt brand is known for,” said Terence Ng, general manager, Grand Hyatt Shenzhou Peninsula.

Design

Grand Hyatt Shenzhou Peninsula’s contemporary design combines the essence of relaxed coastal living with Hainan’s unique cultural heritage infused with Southeast Asian influences. This is expressed in Balinese-inspired architecture and interiors styled with a graceful Hainan touch. Natural materials and nature-inspired aesthetics also create a sensory connection to the destination. Buildings are clustered throughout the lush grounds and along the waterfront, creating an inviting mix of spaces for rest and relaxation.

Guestrooms

King guestroom at Grand Hyatt Shenzhou Peninsula (Photo: Business Wire)

Starting at 570 square feet (53 square meters), the resort’s 262 spacious guestrooms and suites are havens of modern comfort with floor-to-ceiling windows and balconies that maximize extraordinary garden or ocean views. The resort also features unique kid-themed rooms that add a touch of magic and adventure to family holidays with fun themes such as “curious universe” and “fantasy dream.”

Guests staying in Grand Club guestrooms and World of Hyatt Elite members can enjoy access to the Grand Club lounge, which provides a gorgeous panorama of the sea. Grand Club privileges include personalized check-in and check-out service, continental breakfast, all-day refreshments, evening cocktails and exclusive use of the club’s outdoor pool.

Dining

Hyatt Regency Salt Lake City opens

The 25-story Hyatt Regency Salt Lake City officially opened its doors on October 17, the first of the hotel brand in Utah and the only hotel directly adjoining the Salt Palace Convention Centre. 

The anticipated arrival of one of the city’s largest hotel developments positions Salt Lake City as a top destination for hosting world-class events, adding 60,000 square feet of event space just steps from the many cultural experiences and outdoor pursuits the city has to offer. 

 “The development of Hyatt Regency Salt Lake City has been in the works for a long time,” says the hotel’s General Manager, Pina Purpero. “The project was envisioned by Salt Lake County and industry partners more than 10 years ago to address the growing demand of large-scale events. The ethos of the Hyatt Regency brand was a natural fit to bring this vision to life, adding modernity and vibrancy to the city’s central core.”

Located at the epicentre of the bustling downtown area, just steps from Main Street, Hyatt Regency Salt Lake City brings together the city’s local eclectic style with intuitive design, tech-enabled conveniences, and energizing spaces that complement the thriving cultural and culinary hub just outside its doors. Set to a backdrop of the towering Wasatch mountains, Hyatt Regency Salt Lake City offers a modern hotel experience in downtown Salt Lake City, which serves as a gateway to year-round mountain adventure.

Hyatt Hotels has closed its properties in Ukraine since the Russian invasion and is continuing to operate in Russia whilst also supporting the government and providing foreign currency exchange services. 

Accommodations

Hyatt Regency Salt Lake City presents the perfect combination of contemporary and functional design to provide guests with everything they need to work and play. The hotel features 700 spacious guestrooms and suites, with floor-to-ceiling windows offering breathtaking views of the city skyline and surrounding mountain peaks. Each guestroom is outfitted with modern furnishings, separate seating areas, high-speed internet streaming, a Smart Mirror vanity and digital room key entry via the World of Hyatt app. When not in the room, guests can enjoy the hotel’s rooftop Sundance Terrace complete with a pool, cabanas, firepits as well as a 24-hour fitness centre.

Dining