Deal boosts Hyatt’s all-inclusive platform with
more rooms and expanded portfolio, boosts the growth of Grupo
Piñero’s hotel division and enhances ability to reach new guests in
key markets
Hyatt Hotels Corporation (NYSE: H) today announced the
completion of an agreement for affiliates of Hyatt and Grupo Piñero
to enter a long-term, asset-light strategic joint venture,
headquartered in Palma de Mallorca, Spain, which will manage Bahia
Principe Hotels & Resorts-branded properties and own the Bahia
Principe brand. The 50/50 joint venture increases Hyatt’s
all-inclusive portfolio giving guests and World of Hyatt members
more opportunities to experience all-inclusive travel.
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Cayo Levantado Resort | Dominican
Republic (Photo: Business Wire)
The agreement brings 22 resorts totaling approximately 12,000
rooms, including 21 resorts under the Bahia Principe Hotels &
Resorts brand located across the Dominican Republic, Mexico,
Jamaica, and Spain, as well as the exclusive Cayo Levantado Resort
in the Dominican Republic, to Hyatt’s Inclusive Collection. Grupo
Piñero is the owner of the resorts managed by the joint venture and
is committed to driving the continuous improvement of Bahia
Principe hotels through renovation projects as part of its ongoing
goals and this transaction. Building on Grupo Piñero’s
all-inclusive expertise and thriving European customer base, Hyatt
will further contribute to the company’s success and provide
expanded opportunities for growth with travelers in the Americas
and other key markets.
Bahia Principe’s Chief Executive Officer Julio Pérez assumes
leadership of the joint venture, with Grupo Piñero’s current Global
Chief Executive Officer Encarna Piñero serving as Chairman of the
Board. Izet Mahalbasic, Vice President Hotel Finance for Hyatt,
will join the joint venture as Chief Financial Officer.
“This joint venture with Grupo Piñero enhances Hyatt’s
all-inclusive platform across multiple dimensions: more rooms, an
expanded portfolio and more offerings on more stay occasions for
guests and World of Hyatt members,” said Mark Hoplamazian,
President and Chief Executive Officer, Hyatt. “Grupo Piñero has
built an exceptional family legacy over the past 50 years, and
together we look forward to driving sustainable growth and
innovation within the all-inclusive space.”
“It is a great honor for Grupo Piñero to embark on this
long-term alliance with Hyatt—a groundbreaking model for both
companies that promises significant benefits and advancements for
our respective strategies,” said Encarna Piñero, Global CEO of
Grupo Piñero and Chairman of the Board. “We are confident that the
combination of our decades of experience as leaders in the
all-inclusive sector in the Caribbean and Hyatt’s extensive global
all-inclusive platform and systems will drive success for our joint
venture."
“I am excited to lead this strategic joint venture with Hyatt as
we work to expand the Bahia Principe Hotels & Resorts brand,”
shared Julio Pérez, CEO of Bahia Principe. “Together, we will
leverage our strengths to offer an unparalleled all-inclusive
experience that will attract travelers from around the world. This
milestone marks an important step for our company, and I am
confident that this collaboration will help us to continue raising
the quality and service standards of the hospitality industry.”
This transaction builds on Hyatt’s growth journey in
all-inclusive, which started with the creation of the Hyatt Ziva
and Hyatt Zilara brands in 2013 and combined with the largest
acquisition in Hyatt’s history with Apple Leisure Group in 2021,
expanded to more than 140 properties globally across 10 brands in
Hyatt’s Inclusive Collection by the end of 2024.
Details regarding when and how Bahia Principe Hotels &
Resorts will participate in the World of Hyatt loyalty program will
be shared at a later date.
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 Portfolio, 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.
About Grupo Piñero
Grupo Piñero is a Spanish tourism group founded in 1975 by Pablo
Piñero. Currently chaired by Isabel García Lorca and led since 2017
by Encarna Piñero, as Global CEO, together with her sisters Isabel,
Chief Sustainability Officer and Lydia, chair of the Investment
Committee. With almost 50 years of history, the Group carries out
responsible management with a strategic plan whose transversal axis
is sustainability. The main objective of this vision is to care for
people, the environment and the promotion of tourism that generates
wealth while based on respect for the destinations where it
operates.
Its activity includes four divisions: the Hotel business, which
has resorts in the Dominican Republic (first hotel group with the
largest number of owned establishments), Mexico, Jamaica and Spain;
the Real Estate and Golf business, with residential complexes in
the Dominican Republic and Mexico; the Tour Operator division,
comprising Soltour, the leading independent tour operator in Spain
and Portugal in the holiday segment, and the Mobility Incoming
& Leisure division, which includes Coming2, the perfect
destination host that complements the offer through land and
maritime transport services, highlighting its commitment to
sustainable mobility. Today, Grupo Piñero has more than 15,000
employees in Spain, Portugal, Dominican Republic, Mexico, Jamaica,
Switzerland, USA, Argentina and Luxemburg.
For more information: www.grupo-pinero.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. 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
when made, are inherently uncertain, and are subject to numerous
assumptions and uncertainties, many of which are outside of Hyatt’s
control, which could cause actual results, performance or
achievements to differ materially from those expressed in or
implied by such statements. Forward-looking statements made in this
press release are made only as of the date of their initial
publication and neither party undertakes an obligation to publicly
update any of these forward looking statements as actual events
unfold, except to the extent required by applicable law. If one or
more forward-looking statements is updated, no inference should be
drawn that any additional updates will be made 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/20241227750531/en/
MEDIA CONTACTS: Hyatt Robert Martinez
robert.martinez1@hyatt.com
Grupo Piñero Patricia Reina preina@grupo-pinero.com
Khy Labri klabri@llyc.global
INVESTOR CONTACTS: Adam Rohman adam.rohman@hyatt.com
Ryan Nuckols ryan.nuckols@hyatt.com
Hyatt Hotels (NYSE:H)
過去 株価チャート
から 12 2024 まで 1 2025
Hyatt Hotels (NYSE:H)
過去 株価チャート
から 1 2024 まで 1 2025
