Hyatt Hotels Corporation Announces Strategic Growth and Expansion Plans through 2023

2023-09-14 19:51:00

Hyatt Hotels Corporation announced the continued strategic growth of the Hyatt Place and Hyatt House brands through 2023. This growth includes expanding the brand’s U.S. footprint into new markets where there is no Hyatt hotels and thoughtful expansion of airport sites in key markets. This news follows Hyatt’s announcement of significant progress in the development of the Hyatt Studios brand, the newest select service brand in the Hyatt portfolio, including franchise agreements signed for the first properties in Mobile, Ala.

Franchise agreements for the first properties in Mobile, Alabama and Marysville, California were signed, highlighting Hyatt’s strategy of adding hotels in untapped markets where the brand presence is not yet established; groundbreaking for the Mobile, Alabama, facility is planned for the fourth quarter of 2023. Hyatt’s pipeline of select service brands is the fastest growing segment of Hyatt’s portfolio in the United States , as Hyatt continues to lead the industry globally with six years of the industry’s highest net room growth.

In 2023, as part of the expansion of the Hyatt Place and Hyatt House brands in the United States, Hyatt will welcome 14 new owners to the Hyatt family and expand existing Hyatt portfolios by five owners. This highlights Hyatt’s focus on creating value and ensuring strong ROI across all Hyatt hotels. By the end of 2023, Hyatt plans to establish a hotel presence in U.S. markets where there is currently no Hyatt hotel within a 5-mile radius: Hyatt Place Albany.

Hyatt Place Flagstaff. Hyatt Place Munster. Hyatt Place Newark /Main Street.

Hyatt Place St. Augustine/Vilano Beach. Additional growth for the company includes the entry of the Hyatt House brand into the following markets: – Hyatt House Bentonville/Rogers.

Hyatt House Colorado Springs Airport. Hyatt House Lansing /University Area Lansing. Hyatt House Mall of America /Aéroport MSP.

Hyatt House Vacaville. When Jay Pritzker founded Hyatt in 1957 by purchasing the Hyatt House motel adjacent to Los Angeles International Airport, Hyatt established its reputation as a trusted and sought-after brand among travelers. Throughout 2023, Hyatt continued to expand on its origin story by increasing its brand footprint in airports across the United States with premium experiences, including free breakfast for guests, and offering enhanced in-room amenities that are attractive to both leisure and business travelers, at the following locations in addition to the above: Hyatt House Orlando Airport.

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Hyatt House Sacramento Airport/Natomas. Hyatt Place Melbourne Airport. Hyatt Place Sacramento International Airport.

Ongoing commitment to brand excellence and guest satisfaction All Hyatt hotels strive to deliver a higher level of quality to their guests and World of Hyatt members, which involves renovation cycles specific to each brand and brand refreshments. Introducing Hyatt Studios at The Lodging Conference Hyatt recently announced the first two locations of the Hyatt Studios brand, Hyatt’s new upper midscale extended stay brand, in Mobile, Alabama and Marysville, California. The Hyatt Studios brand is expected to be a key accelerator for Hyatt.

The Mobile, Alabama location is expected to break ground in the fourth quarter of 2023 and welcome World of Hyatt guests and members in 2024. On September 19, 2023, owners, developers and industry media will be able to attend an exclusive presentation from the Hyatt Studios brand in Phoenix, Ariz.

during The Lodging Conference. Attendees will enjoy an evening of brand activations and regionally inspired cocktails and bites, while learning about the latest design concepts and meeting the team behind the Hyatt Studios brand.

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