Hyatt Is Expanding Its Footprint by Acquiring Two Roads Hospitality

To be honest, Hyatt is my favorite hotel brand out there. So far I had awesome experiences with them all around the globe. The properties are awesome, the staff is amazing and helpful and makes you feel welcome and at home. Hyatt offers a bunch of benefits and they treat their guests just right. That’s my personal experience so far with Hyatt. The only “bad” experience I have with Hyatt, is the limited footprint around the world.

Hyatt has 750 properties in more than 55 countries across six continents. Now that sounds a lot, but it’s not. Marriott, the worlds largest hotel group now after the merger with SPG, has 7208 hotels at the moment.

A Hyatt hotel is easy to find in all the major cities around the world, but if you venture off, you won’t have a lot of luck to find a Hyatt property.

Yesterday, Hyatt announced that it will acquire Two Roads Hospitality for  $480 million, with the potential for Hyatt to invest up to an additional $120 million in the aggregate, contingent on the outcome of certain terms to be individually defined after closing.

These are exciting news, as this will increase Hyatt’s footprint around the world with new hotels in locations you couldn’t find a Hyatt hotel so far.

Through the addition of Two Roads, its established lifestyle brands and the management agreements for the
majority of its 85 properties in eight countries, Hyatt will expand its brand presence into 23 new markets while
enhancing its offerings in lifestyle hotel experiences and wellbeing. With Two Roads and its distinctive
collection of lifestyle hotels, resorts and vacation residences, Hyatt will offer an expanded and more powerful
portfolio of brands with best-in-class offerings to deliver compelling experiences and benefits for guests and
World of Hyatt members.

These will add the brands  Joie de Vivre Hotels, Thompson Hotels, Destination Hotels, tommie and Alila Hotels & Resorts to Hyatt’s portfolio. The deal is supposed to close later on this year and Hyatt will work to include the newly acquired brands into their loyalty and rewards program in 2019.

 

The full Press Release can be found here.

 

Gallery with some of my great moments at Hyatt properties.

 

 

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