Hyatt Studios brand expects first hotel opening
in Q1; Lifestyle Portfolio pipeline grows by nearly 50%
year-over-year
Hyatt Hotels Corporation (NYSE: H) today announced a record
pipeline of approximately 138,000 rooms as of year-end 2024,
alongside a strategic brand realignment designed to enhance owner
returns and accelerate growth. By evolving its brand architecture
into five distinct portfolios – Luxury, Lifestyle, Inclusive,
Classics and Essentials – Hyatt is better positioned to serve the
unique needs of its guests, customers, and owners, while aligning
expertise and resources to deliver exceptional value.
"Hyatt’s growth and strategic brand evolution reflect our
commitment to creating long-term value for owners and driving the
performance of our hotels by delivering distinctive experiences for
travelers," said Mark Hoplamazian, President & Chief Executive
Officer, Hyatt. "By focusing on this evolution, we are not only
enhancing guest satisfaction but also strengthening our hotels'
success and competitive advantage, driving preference among owners,
guests, customers and World of Hyatt members."
Lifestyle pipeline amplified through acquisition of Standard
International
Amar Lalvani, former Executive Chairman of Standard
International, now leads Hyatt’s new Lifestyle Group as its
President & Creative Director, bringing increased focus to
brand identities and performance across each lifestyle brand,
further enhancing Hyatt’s leading position in the industry’s
premier lifestyle segment. The recent acquisition of Standard
International’s iconic The Standard and Bunkhouse Hotels brands as
well as the recently launched The StandardX brand included 22 open
hotels and more than 30 future projects with a signed agreement or
letter of intent for the Lifestyle Portfolio. Reinforcing Hyatt’s
leadership in the lifestyle space, Hyatt has grown the portfolio’s
total pipeline properties by nearly 50% year-over-year and the
number of open hotels by over 20% year-over-year. Recent lifestyle
openings in key markets include The StandardX, Melbourne; The
Standard, Singapore; Hotel Saint Augustine which is in Houston and
part of the Bunkhouse Hotels brand; The StandardX, Bangkok Phra
Arthit, and Thompson Palm Springs.
“I’m excited to lead the newly formed Lifestyle Group during
this pivotal time of growth and value-focused evolution,” said
Lalvani. “Hyatt’s acquisition of the Standard International brands
added a portfolio of highly differentiated brands made up of
beloved, award-winning hotels across the globe as well as a wealth
of creative talent. When combined with Hyatt’s existing portfolio
of design-driven, culturally relevant lifestyle brands and global
infrastructure, I could not be more optimistic about our ability to
grow these brands in new markets, delivering unforgettable
experiences for our guests and returns for our owners.”
Newly executed deals and upcoming openings in the Lifestyle
Portfolio include:
- TOOR Hotel, which will be part of the JdV by Hyatt
brand, is set to be a boutique jewel located in the heart of
downtown Toronto, bringing the brand’s signature charm and vibrant
energy to one of Canada’s most dynamic cities (expected to open Q1
2025)
- Andaz Miami Beach transformed from The Confidante Miami
Beach to Florida’s first Andaz branded resort will feature an
ocean-view check-in, 287 rooms, 64 suites, two reimagined pools and
meeting space, with local influences and exclusive programming,
including collaborations with the José Andrés Group (expected to
open Q1 2025)
- The Standard, Brussels will mark the debut of
longer-stay apartment-style accommodations for The Standard brand
with a 28-story property that will feature 200 rooms, suites, and
apartments paired with signature perks and modern amenities,
offering guests an unmatched urban retreat (expected to open Q2
2025)
- Wildbirch Hotel, which will be the first JdV by Hyatt
hotel in Anchorage, AK, will be situated downtown and feature 252
modern guestrooms, streetside restaurant and lobby bar, on-site
brewery, outdoor decks and fire pits with sweeping views of Mount
Susitna and Cook Inlet, and access to cultural attractions,
combining urban sophistication with local flair (expected to open
Q3 2025)
- Dream Valle de Guadalupe is set to be the first Dream
Hotels branded property in Latin America and will showcase the
beauty of Mexico’s dynamic wine region, complete with a large
vineyard, 58 guestrooms and villas, three dining and nightlife
venues, including a private tasting room and rooftop bar (expected
to open Q4 2025)
- Andaz Hong Kong Central will be nestled in the heart of
Central Hong Kong and will bring the brand’s signature blend of
locally inspired design, upscale amenities, and immersive cultural
programming to one of Asia’s most iconic urban hubs (expected to
open mid-2027)
In conjunction with the introduction of its new brand
portfolios, Hyatt is excited to welcome two accomplished leaders
who will play pivotal roles in developing the Lifestyle and Luxury
Portfolios. With deep expertise in their respective fields,
Catie Cramer has been named Head of Lifestyle Development –
US, and will lead efforts to expand Hyatt’s Lifestyle Portfolio
across the United States. Separately, Tina Necrason has been
named Global Head of Branded Residential to spearhead the
development and implementation of Hyatt’s branded residential
strategy for all brands. Tina joins Hyatt from Montage
International where she was responsible for all residential
activities.
Essentials pipeline accelerated by upper-midscale entry with
Hyatt Studios
Within the Essentials Portfolio are Hyatt’s celebrated select
service brands that continue to demonstrate pipeline strength and
owner value. Building on the innovative, developer-driven approach
that guided the successful creation of the Hyatt Studios brand and
the momentum from the recent relaunch of the Caption by Hyatt
brand, Hyatt continues to evolve, aiming to make these brands even
more profitable for owners and more desirable for travelers.
Hyatt Studios, the portfolio’s new upper-midscale extended stay
brand, has sustained significant growth with more than 50 executed
deals representing entry into 22 new markets and with 27 new owners
for Hyatt. The brand’s first location, Hyatt Studios Mobile /
Tillman’s Corner, is expected to open in Q1 2025, and newly
executed deals include:
Fayetteville (AR)
Beaufort/Parris Island (SC)
Riverside (CA)
Sumter (SC)
Pensacola (FL)
Clarksville (TN)
Port Charlotte (FL)
Boca Chica (TX)
Chicago Washington Park (IL)
Belleville (Ontario)
Columbus OSU (OH)
St. Thomas (Ontario)
Philadelphia (PA)
Cornwall (Ontario)
Bensalem (PA)
Spokane (WA)
“Hyatt’s momentum has never been stronger as we build on our
success and deepen our commitment to finding innovative solutions
to drive profitability by working closely with our owners and
responding to guests’ needs,” said Dan Hansen, Head of Americas
Development, Hyatt. “We are thrilled to celebrate the upcoming
opening of our first Hyatt Studios location in Mobile, which
represents a pivotal moment in our expansion into the
upper-midscale market.”
In addition to the Hyatt Studios brand, the Essentials Portfolio
has newly executed deals and upcoming openings across all brands
including:
- UrCove Shanghai Xuhui West Riverside will be an adaptive
reuse property with 160 rooms located in The West Bund, a
waterfront area that runs along the western bank of the Huangpu
River in central Shanghai (expected to open Q1 2025)
- Hyatt Place Bhopal Rani Kamalapati Station will be in
the capital of Madhya Pradesh, India, and part of a mixed-use
development project, including the city’s newly redeveloped train
station (expected to open Q2 2025)
- Caption by Hyatt Central Sydney will be centrally
located in Haymarket, a vibrant multicultural neighborhood at the
southern end of the Sydney Central Business District, and will mark
the brand’s entry in Australia (expected to open Q3 2025)
- Hyatt Place JFK Airport will be a new build that aligns
with the airport’s enhancement plans, including meeting traveler
demand for higher quality accommodations that are accessible via
the new AirTrain (expected to open in 2026)
- Hyatt Place Bryce Canyon will be the first Hyatt hotel
and Hyatt Place property to be located in the destination, a short
drive from the entrance of Bryce Canyon National Park, meeting the
demand for more quality accommodations near the highly toured
destination (expected to open in 2027)
Strategic growth across all brand portfolios
In addition to the growth highlighted within the Lifestyle and
Essentials Portfolios, Hyatt’s expanded pipeline of new hotel
properties is driving strategic growth across each of its
portfolios, including Luxury, Inclusive, and Classics as well. With
exciting new additions in each of the five distinct portfolios,
Hyatt is poised to further enhance its global brand presence. The
diverse offerings attract new members to the award-winning World of
Hyatt loyalty program and increase the stay frequency of existing
members—creating more opportunities for more stay occasions and
amplifying the network effect that can benefit all Hyatt
owners.
- The Luxury Portfolio features the finest places for the
most refined tastes, enriched with unparalleled service, unmatched
amenities and high design. For luxury seekers who delight in the
rare and thoughtfully curated, these escapes will delight.
- Newly executed deals, recent and upcoming openings in the
Luxury Portfolio include:
- Fairmount Hotel, which is part of The Unbound Collection
by Hyatt, is in the heart of downtown San Antonio, TX featuring the
building’s preserved architectural details dating back to 1906,
offering 37 rooms, a rooftop bar, an expansive courtyard and
several award-winning restaurants making it an ideal intimate event
space (opened January 16, 2025)
- Alila Dong'ao Island Zhuhai will mark the brand’s entry
in Zhuhai, China and will be located on the island's unique
cliffside, blending into the site's original natural beauty
(expected to open Q2 2025)
- Park Hyatt Johannesburg will mark the brand’s
reintroduction in South Africa following an extensive refurbishment
led by Yabu Pushelberg, an award-winning global designer (expected
to open Q2 2025)
- Park Hyatt Los Cabos at Cabo del Sol will debut the
brand’s presence in Mexico. Designed by the renowned Sordo
Madaleno, the resort will feature 163 guestrooms and suites, as
well as 19 villas and residences, along with an expansive wellness
center, a range of luxury amenities, and access to the prestigious
Cabo Del Sol Golf Course (expected to open Q2 2025)
- The Seville Nomad will open as part of The Unbound
Collection by Hyatt in New York City’s Nomad neighborhood, paying
homage to the location’s rich history through its design and
architecture, featuring 348 rooms and signature restaurants,
Scarpetta and Seville (expected to open Q2 2025)
- Park Hyatt Tokyo in celebration of its 30th anniversary
suspended operations for restoration in 2024, and the iconic
property will resume operations with refreshed guestrooms and
revived food and beverage concepts (reopening Q3 2025)
- The Inclusive Collection offers all-inclusive getaways
designed for when every moment is worth celebrating. The unlimited
experiences, endless hospitality and thoughtful touches are
designed to exceed every expectation and turn travel moments into
lifetime memories.
- Newly executed deals in the Inclusive Collection include:
- Hyatt Vivid Punta Cana is set to become the second hotel
in the new Hyatt Vivid Hotels & Resorts brand and mark the
brand’s debut in the Dominican Republic, offering an adults-only
500-room beachside resort with multiple pools and food and beverage
outlets (expected to open Q3 2025)
- Hyatt Vivid Akumal Resort & Spa will be located in
Akumal, Quintana Roo, Mexico, known for its white sand beach and
warm waters rich in marine life, including unforgettable turtle
sightings and snorkeling experiences (expected to open Q4
2025)
- Hyatt Zilara Punta Bergantin in the Dominican Republic
will be an adults-only 508-key resort within the master development
of Punta Bergantin, a project designed to rejuvenate the country’s
tourism (expected to open in 2026)
- The Classics Portfolio features timeless style and
unrivaled care in the world’s most-traveled places. These
every-occasion destinations captivate with impeccable service and
thoughtful amenities.
- Newly executed deals and upcoming openings in the Classics
Portfolio include:
- Hyatt Regency Bangkok Suvarnabhumi Airport will be a
conversion property that will be the only hotel located within the
airport, featuring 610 rooms, eight restaurants and expansive
meeting space (expected to open Q1 2025)
- Hotel X Toronto will mark the Destination by Hyatt
brand’s debut in Canada with a 30-story lakefront urban resort that
redefines the sports and entertainment experience, including a
three-level sky bar with panoramic views, an indoor/outdoor heated
rooftop pool, award-winning Guerlain Spa, art gallery, cinema, and
a 90,000 sq ft state-of-the-art athletic facility (expected to open
Q2 2025)
- Hyatt Regency Times Square will mark the brand’s debut
in Manhattan with a 795-key property, an upscale New York style
market, bar and lounge experience, a state-of-the-art fitness
center, all with iconic views of Times Square (expected to open Q3
2025)
- Kampos Hotel will mark the Destination by Hyatt brand’s
entry in the trending Greek Island of Paros, near the village of
Aliki, offering 50 rooms with private terraces and plunge pools or
hot tubs (expected to open in 2026)
- Okhissa Lake Lodge, which will be part of the
Destination by Hyatt brand, will be the first lodging option
located on Lake Okhissa with 150 acres of land within Homochitto
National Forest in Mississippi, a region known for driving outdoor
tourism with fishing, hunting, biking, camping, and hiking
(expected to open in 2027)
For more information on developing with Hyatt, visit:
https://www.hyatt.com/development/
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 September 30, 2024, the
Company's portfolio included more than 1,350 hotels and
all-inclusive properties in 79 countries across six continents. The
Company's offering includes brands in the Luxury Portfolio,
including Park Hyatt®, Alila®, Miraval®,
Impression by Secrets, and The Unbound Collection by
Hyatt®; the Lifestyle Portfolio, including Andaz®,
Thompson Hotels®, The Standard®, Dream®
Hotels, The StandardX, Breathless Resorts &
Spas®, JdV by Hyatt®, Bunkhouse® Hotels,
and Me and All Hotels; the Inclusive Collection, including
Zoëtry® Wellness & Spa Resorts, Hyatt
Ziva®, Hyatt Zilara®, Secrets® Resorts &
Spas, Dreams® Resorts & Spas, Hyatt Vivid
Hotels & Resorts, Sunscape® Resorts &
Spas, and Alua Hotels & Resorts®; the Classics
Portfolio, including Grand Hyatt®, Hyatt Regency®,
Destination by Hyatt®, Hyatt Centric®, Hyatt
Vacation Club®, and Hyatt®; and the Essentials
Portfolio, including Caption by Hyatt®, Hyatt Place®,
Hyatt House®, Hyatt Studios, and UrCove.
Subsidiaries of the Company operate the World of Hyatt® loyalty
program, ALG Vacations®, Mr & Mrs Smith, 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. These
statements include statements about our plans, strategies, outlook,
expected new openings and timing of such openings, growth of new
brands, expected owner preference for our brands and expected
profitability, prospects or future events 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, but are not
limited to: general economic uncertainty in key global markets and
a worsening of global economic conditions or low levels of economic
growth; the rate and 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
geopolitical 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, weather
and climate-related events, such as earthquakes, tsunamis,
tornadoes, hurricanes, droughts, 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 owners, franchisees, and
hospitality venture partners; the possible inability of third-party
owners, franchisees, or development partners to access the capital
necessary to fund current operations or implement our plans for
growth; risks associated with potential 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 our strategy to expand our management and
hotels services and franchising business while at the same time
reducing our real estate asset base within targeted timeframes and
at expected values; our ability to maintain effective internal
control over financial reporting and disclosure controls and
procedures; declines in the value of our real estate assets;
unforeseen terminations of our management and hotels services 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; risks associated with the introduction of new brand
concepts, including 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, 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; and violations of regulations or laws
related to our franchising business and licensing businesses and
our international operations; and other risks discussed in the
Company's filings with the SEC, including our annual reports on
Form 10-K and quarterly reports on Form 10-Q, which filings are
available from the SEC. All forward-looking statements attributable
to us or persons acting on our behalf are expressly qualified in
their entirety by the cautionary statements set forth above. 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.
HHC-FIN
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version on businesswire.com: https://www.businesswire.com/news/home/20250127288014/en/
MEDIA CONTACT: Dana
Fioravanti Hyatt Dana.fioravanti@hyatt.com
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