With a strong leisure-focused pipeline in Latin
America and the Caribbean, Hyatt is expected to add more than 20
new hotels through 2024
Hyatt Hotels Corporation (NYSE: H) announced
today strategic brand growth in the Latin America and Caribbean
region with a strong development pipeline of more than 20 planned
luxury and lifestyle hotels and resort openings through 2024,
including the expansion of Hyatt brands into new markets.
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the full release here:
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Hyatt House Monterrey Valle/San Pedro and
Hyatt Place Monterrey Valle Exterior (Photo: Business Wire)
“Latin America and the Caribbean are top leisure destinations
for global travelers, and we continue to grow Hyatt’s brand
presence in this important region to offer unique experiences to
high-end travelers in new markets and sought-after destinations,”
said Camilo Bolaños, senior vice president of development, Latin
America & the Caribbean, Hyatt. “These exciting new hotels and
resorts across Hyatt’s portfolio of upscale hotel brands reinforce
our commitment to thoughtfully growing in key markets that matter
to our guests, World of Hyatt loyalty members and customers.”
Development Momentum in a Key Growth
Region
Driven by leisure travel demand, the newly opened and expected
hotels and resorts mark significant growth milestones for Hyatt
that include:
- New planned openings in the region such as Secrets Tulum
Resort & Beach Club (Mexico) and Hyatt Centric San
Jose — Escazu (Costa Rica).
- Planned introduction of the first Park Hyatt hotel in Mexico:
Park Hyatt Los Cabos and Residences; and the first
Andaz hotel in Mexico’s historic capital city: Andaz Mexico City
Condesa.
- Expanded brand presence in new markets throughout Mexico that
include: Monterrey with Hyatt Place Monterrey Valle and
Hyatt House Monterrey Valle/San Pedro, both expected to open
this year, and Thompson Monterrey, slated to open in 2024;
and San Miguel de Allende with NUMU, part of The Unbound
Collection by Hyatt.
As a result of the acquisition of Apple Leisure Group, Hyatt’s
Latin America and Caribbean region expected growth includes a
nearly 20% expansion of Hyatt’s Inclusive Collection expected by
the end of 2024 with the debut of new luxury all-inclusive resorts
such as Secrets Impression Moxché (Mexico), Secrets
Impression Isla Mujeres (Mexico), Dreams Cozumel Cape Resort
& Spa (Mexico), Dreams Estrella del Mar Mazatlán Golf
& Spa Resort (Mexico), Dreams Flora Resort & Spa and
Secrets Tides Punta Cana (Dominican Republic), Zoëtry
Marigot Bay St. Lucia and Secrets St. Lucia Resort &
Spa.
Hyatt’s Inclusive Collection delivers elevated all-inclusive
experiences with best-in-class resort brands including Hyatt Ziva,
Hyatt Zilara, Zoëtry Wellness & Spa Resorts, Secrets Resorts
& Spas, Breathless Resorts & Spas, Dreams Resorts &
Spas, Vivid Hotels & Resorts (coming soon), Alua Hotels &
Resorts and Sunscape Resorts & Spas.
“The Inclusive Collection’s expansion in Latin America and the
Caribbean brings one of the world’s largest regional portfolios of
luxury all-inclusive resorts to global travelers seeking seamless,
world-class experiences,” said Javier Coll, Group President of
Global Business Development and Innovation at Apple Leisure Group.
“Whether celebrating life’s big moments, looking for quality family
time or an extra measure of romance at a breathtaking destination,
the Inclusive Collection’s new and existing properties offer
unforgettable experiences for everyone and every stay
occasion.”
Thoughtful Growth Brings Expanded Stay
Opportunities & Experiences in More Markets
Grounded in desirable destinations known for their culture,
architecture, cuisine and history, new Hyatt properties offer
guests, World of Hyatt members and customers endless opportunities
to experience Hyatt’s luxury, lifestyle and resort offerings.
Executed managed and franchise deals in Latin America and the
Caribbean are highlighted by new Hyatt properties slated to open
across its brand portfolio, including:
Boundless Collection hotels that deliver best-in-class
offerings and compelling experiences designed to excite and
inspire, featuring:
- Andaz Mexico City Condesa (Mexico): Located in Mexico
City’s historic Condesa neighborhood, full of vibrant, cultural
richness and architectural significance, this 213-room, luxury
lifestyle hotel with state-of-the-art meeting and event facilities
is expected to open Fall 2022, marking the first urban Andaz
property in Mexico and the second Andaz hotel in Mexico.
- Thompson Monterrey (Mexico): This 150-room lifestyle
hotel, part of the new mixed-use complex Torre IKON, will be the
first Thompson Hotel in Mexico’s state of Nuevo León and is
expected to open in 2024.
Timeless Collection hotels that deliver impeccable
service and thoughtful amenities. New properties in the region
expected to open by the end of 2024 include:
- Hyatt House Monterrey Valle/San Pedro and Hyatt Place
Monterrey Valle (Mexico): This dual-branded development will be
the first Hyatt hotels in Monterrey, Mexico, which are slated to
open in Fall 2022, offering guests an ideal homebase for exploring
Monterrey’s Valle Oriente, San Pedro Garza García and more with the
added convenience of the new, seamless room key in Apple Wallet
feature.
- Hyatt Regency Mexico City Insurgentes (Mexico): Situated
on the iconic Insurgentes Avenue, and steps away from the World
Trade Center Mexico City, this 201-room hotel is slated to open in
late 2022 as a hub for business and leisure travelers with several
venues for meetings and events, conferences and celebrations.
- Grand Hyatt Cancún Beach Resort (Mexico): Situated in
the eastern part of the Yucatán Peninsula with expansive views
overlooking the Caribbean Sea and nearby Isla Mujeres, this
luxurious resort is slated to open in 2024.
- Park Hyatt Los Cabos and Residences (Mexico): Expected
to open in 2023, this luxury property will mark the first Park
Hyatt hotel in Mexico and will feature a master-planned golf resort
that stretches along two miles of pristine beach in Cabo del Sol -
Los Cabos, Baja California Sur.
- Park Hyatt Mexico City (Mexico): Expected to open in
2024 with 155 guestrooms, Park Hyatt Mexico City will be located on
the upscale Campos Eliseos Street overlooking the iconic
Chapultepec Park.
Inclusive Collection resorts deliver immersive, elevated
experiences where everything is seamlessly included. The Inclusive
Collection is expected to debut 10 new resorts in the region by the
end of 2024, highlighted by:
- Dreams Cozumel Cape Resort & Spa (Mexico): Ideally
located on the island of Cozumel and set to open Fall 2022, this
family resort will feature a charming setting, white-sand beaches,
coral reefs and calm ocean waters - making it a haven for scuba
diving and snorkeling.
- Dreams Flora Resort & Spa (Dominican Republic):
Located on a picturesque palm-studded beach in Cabeza de Toro,
Punta Cana, and expected to open at the end of 2022, this property
will feature 520 luxuriously appointed rooms, each with a private
terrace or balcony offering ocean, garden and pool views.
- Dreams Estrella del Mar Mazatlán Golf & Spa Resort
(Mexico): Slated to open in 2023 and located within Estrella del
Mar, a private gated golf & residential community stretching
over 900 acres, this stunning resort is situated on 3.5 miles of
pure, secluded beachfront.
- Hyatt Zilara Riviera Maya (Mexico): Expected to open
late 2022, Hyatt Zilara Riviera Maya will be the latest addition to
Hyatt’s award-winning, all-inclusive adult experience nestled in
the secluded region of Riviera Maya with easy access to the Cancún
International Airport and only six miles from Playa del Carmen.
This sophisticated all-inclusive resort will offer 291-suites with
modern hacienda charm, sitting alongside a long stretch of pure
white sand beach.
- Secrets Impression Moxché (Mexico): Discover the most
elevated level of all-inclusive luxury with the introduction of the
Impression concept to the Secrets portfolio. Slated to open Fall
2022, this all-suite, boutique resort will deliver an elevated
Endless Privileges experience with dedicated in-room butlers
catering to every need.
- Secrets Impression Isla Mujeres (Mexico): Artfully built
into the natural landscape of Isla Mujeres, this ultra-luxurious
and unique resort is reminiscent of romantic Mediterranean cities
along the sea. Expected to open late 2022, this adults-only resort
will boast exclusive experiences tailored to preference, butler
service and curated gastronomy designed to exceed all
expectations.
- Secrets St. Lucia Resort & Spa (St. Lucia): Slated
to open in 2023, this adults-only resort will offer guests a
privileged location on the island where they can enjoy a stunning
view of dramatically tapered mountains, volcanic beaches,
reef-diving sites and fishing villages.
- Secrets Tides Punta Cana (Dominican Republic): Expected
to open Fall 2023, this adults-only resort will provide guests with
an intimate hideaway surrounded by all-encompassing foliage, modern
architecture and stunning views.
- Secrets Tulum Resort & Beach Club (Mexico): Located
in the heart of the idyllic town of Tulum within the luxurious
Aldea Zama Complex, Secrets Tulum is slated to open summer 2023,
fusing elegant and boho design with eco-chic elements, jungle
themed surroundings uniquely designed by award-winning architect
Michael Edmonds.
- Zoëtry Marigot Bay St. Lucia (St. Lucia): Set to open
late 2022, this boutique resort is exclusively located on the
island’s most desirable marina, Marigot Bay, complete with swaying
palm trees, anchored yachts and a nearby volcanic white sand beach,
and will offer both tranquility and easy access to St. Lucia’s top
attractions like the nearby Pitons.
Independent Collection hotels are all unique — from
storied properties and vibrant neighborhood locales to immersive
retreats. This collection offers travelers enriching experiences in
distinct and exciting ways, spotlighted by:
- NUMU, part of The Unbound Collection by Hyatt (Mexico):
Guests can discover the beauty, charm and history of San Miguel de
Allende at this 44-room unique boutique hotel, which is slated to
open in early 2023. With three onsite dining options and the new
room key in Apple Wallet feature, NUMU will mark the first Hyatt
property in San Miguel de Allende.
- Rancho Pescadero, part of The Unbound Collection by
Hyatt (Mexico): Slated to open in late 2022, this 30-acre
oceanfront escape near the artist haven of Todos Santos will offer
a focus on world-class wellness, sustainability, culinary and
community-driven experiences paired with exemplary guest-centric
hospitality.
Newly Opened Properties in Latin
America and the Caribbean
In 2022, several notable Hyatt hotels opened in Latin America
and the Caribbean, including:
- Dreams Karibana Cartagena Golf & Spa Resort (Colombia):
This groundbreaking resort opened in April and is an all-new,
premium Caribbean destination perfectly located in the vibrant,
historic city of Cartagena and within the premium gated Karibana
community.
- Hyatt Centric San Salvador (El Salvador): Welcoming guests as
of April, the 138-room Hyatt Centric San Salvador marks the first
Hyatt property in El Salvador and marries the vibrant city and
nightlife with relaxing, nearby surf.
- Hotel La Compañia (Panama): Hotel La Compañia, The Unbound
Collection by Hyatt brand’s first hotel in Panama, opened in Panama
City’s Casco Antiguo “old quarter” neighborhood in April and is
highlighted by distinctive, historical architecture combined with
modern luxury.
Maximize Stays with Rewarding Loyalty Offers
World of Hyatt members planning upcoming travel to destinations
in Latin America and the Caribbean can make the most of their
upcoming stays with these valuable offers:
- Bonus Journeys: Through Nov. 15, 2022, World of Hyatt
members can register for Bonus Journeys to maximize earnings in two
ways:
- Double Points: Members can earn double points on
qualifying stays of two (2) or more nights at over 1,100
participating Hyatt hotels globally for stays completed between
Sept. 15 and Dec. 20, 2022.
- Nights Count Double: Along with Double Points,
for the first time, each Tier-Qualifying Night completed on
eligible stays at more than 65 participating Inclusive Collection
properties in the Americas will count as two nights towards World
of Hyatt status instead of one for stays completed between Sept. 15
and Dec. 20, 2022. Members can experience one of the world’s
largest portfolios of luxury all-inclusive brands and take
advantage of Bonus Journeys in destinations such as Mexico, Costa
Rica, Colombia, the Caribbean and more. To learn more, visit
here.
For more information or to book a stay, please visit
hyatt.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 guided by its purpose — to care for
people so they can be their best. As of June 30, 2022, the
Company’s portfolio included more than 1,150 hotels and
all-inclusive properties in 72 countries across six continents. The
Company's offering includes brands in the Timeless Collection,
including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt
Residence Club®, Hyatt Place®, Hyatt House®, and UrCove; the
Boundless Collection, including Miraval®, Alila®, Andaz®, Thompson
Hotels®, Hyatt Centric®, and Caption by Hyatt; the Independent
Collection, including The Unbound Collection by Hyatt®, Destination
by Hyatt™, and JdV by Hyatt™; and the Inclusive Collection,
including Hyatt Ziva®, Hyatt Zilara®, Zoëtry® Wellness & Spa
Resorts, Secrets® Resorts & Spas, Breathless Resorts &
Spas®, Dreams® Resorts & Spas, Vivid Hotels & Resorts®,
Alua Hotels & Resorts®, and Sunscape® Resorts & Spas.
Subsidiaries of the Company operate the World of Hyatt® loyalty
program, ALG Vacations®, Unlimited Vacation Club®, Amstar DMC
destination management services, and Trisept Solutions® technology
services. For more information, please visit www.hyatt.com.
Forward-Looking Statements
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. Our actual
results, performance or achievements may differ materially from
those expressed or implied by these forward-looking statements.
These statements include statements about Hyatt’s pipeline and
future hotel openings, expected leisure demand, and planned growth
in the Latin America and the Caribbean region, and involve known
and unknown risks that are difficult to predict. 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, but are not limited to, risks associated with the
acquisition of Apple Leisure Group ("ALG"), including the related
incurrence of material additional indebtedness; our ability to
realize the anticipated benefits of the acquisition of ALG as
rapidly or to the extent anticipated, including successful
integration of the ALG business; the duration and severity of the
COVID-19 pandemic and the pace of recovery following the pandemic,
any additional resurgence, or COVID-19 variants; the short and
long-term effects of the COVID-19 pandemic, including on the demand
for travel, transient and group business, and levels of consumer
confidence; the impact of the COVID-19 pandemic, any additional
resurgence, or COVID-19 variants, and the impact of actions that
governments, businesses, and individuals take in response, on
global and regional economies, travel limitations or bans, and
economic activity, including the duration and magnitude of its
impact on unemployment rates and consumer discretionary spending;
the broad distribution and efficacy of COVID-19 vaccines and
treatments, wide acceptance by the general population of such
vaccines, and the availability, use, and effectiveness of COVID-19
testing, including at-home testing kits; the ability of third-party
owners, franchisees, or hospitality venture partners to
successfully navigate the impacts of the COVID-19 pandemic, any
additional resurgence, or COVID-19 variants; general economic
uncertainty in key global markets and a worsening of global
economic conditions or low levels of economic growth; the rate and
the pace of economic recovery following economic downturns; global
supply chain constraints and interruptions, rising costs of
construction-related labor and materials, and increases in costs
due to inflation or other factors that may not be fully offset by
increases in revenues in our business; risks affecting the luxury,
resort, and all-inclusive lodging segments; levels of spending in
business, leisure, and group segments as well as consumer
confidence; declines in occupancy and average daily rate; limited
visibility with respect to future bookings; loss of key personnel;
domestic and international political and geo-political conditions,
including political or civil unrest or changes in trade policy;
hostilities, or fear of hostilities, including future terrorist
attacks, that affect travel; travel-related accidents; natural or
man-made disasters such as earthquakes, tsunamis, tornadoes,
hurricanes, floods, wildfires, oil spills, nuclear incidents, and
global outbreaks of pandemics or contagious diseases, or fear of
such outbreaks; our ability to successfully achieve certain levels
of operating profits at hotels that have performance tests or
guarantees in favor of our third-party owners; the impact of hotel
renovations and redevelopments; risks associated with our capital
allocation plans, share repurchase program, and dividend payments,
including a reduction in, or elimination or suspension of,
repurchase activity or dividend payments; the seasonal and cyclical
nature of the real estate and hospitality businesses; changes in
distribution arrangements, such as through internet travel
intermediaries; changes in the tastes and preferences of our
customers; relationships with colleagues and labor unions and
changes in labor laws; the financial condition of, and our
relationships with, third-party property owners, franchisees, and
hospitality venture partners; the possible inability of third-party
owners, franchisees, or development partners to access capital
necessary to fund current operations or implement our plans for
growth; risks associated with potential acquisitions and
dispositions and the introduction of new brand concepts; the timing
of acquisitions and dispositions and our ability to successfully
integrate completed acquisitions with existing operations; failure
to successfully complete proposed transactions (including the
failure to satisfy closing conditions or obtain required
approvals); our ability to successfully execute on our strategy to
expand our management and franchising business while at the same
time reducing our real estate asset base within targeted timeframes
and at expected values; declines in the value of our real estate
assets; unforeseen terminations of our management or franchise
agreements; changes in federal, state, local, or foreign tax law;
increases in interest rates, wages, and other operating costs;
foreign exchange rate fluctuations or currency restructurings; lack
of acceptance of new brands or innovation; general volatility of
the capital markets and our ability to access such markets; changes
in the competitive environment in our industry, including as a
result of the COVID-19 pandemic, industry consolidation, and the
markets where we operate; our ability to successfully grow the
World of Hyatt loyalty program and Unlimited Vacation Club paid
membership program; cyber incidents and information technology
failures; outcomes of legal or administrative proceedings;
violations of regulations or laws related to our franchising
business; and other risks discussed in the Company’s filings with
the U.S. Securities and Exchange Commission (“SEC”), including our
annual report on Form 10-K and our Quarterly Reports on Form 10-Q,
which filings are available from the SEC. These factors are not
necessarily all of the important factors that could cause our
actual results, performance or achievements to differ materially
from those expressed in or implied by any of our forward-looking
statements. 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 undertake no 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.
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Bianca Flores Hyatt bianca.flores@hyatt.com
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