Hyatt Place, Hyatt House Brands Expanding Rapidly
PHOTO: Hyatt Place New Orleans. (Photo courtesy of Hyatt).
The Hyatt Place and Hyatt House brands have generated tremendous momentum through the first quarter of 2016, opening a combined 10 hotels around the world.
And the impressive growth shows no signs of slowing.
After all, the 10 newly-opened hotels in 2016 account for less than one-third (30 percent) of the planned Hyatt-branded select service hotels expected to open this year.
So far, Hyatt Place has accounted for seven of the 10 openings, with new properties launching in Asheville, North Carolina; Dallas; Houston; Lubbock, Texas; Park City, Utah; San Juan, Puerto Rico and Managua, Nicaragua.
The seven hotels range from 122 rooms to 157 rooms.
The three newly opened Hyatt House properties include locations in Dallas, Denver and Naples, Florida and range in capacity from 132 rooms to 183 rooms.
Currently, there are more than 300 Hyatt Place and Hyatt House hotels open in more than 200 cities around the world. What's more, as of Dec. 31, 2015, Hyatt notes that well over half (58 percent) of its base of executed hotel contracts are comprised of Hyatt Place and Hyatt House properties.
A majority of the brands' growth will take place in the U.S. and Canada, but significant expansion will occur in the Middle East and Asia as well.
There are more than 45 executed contracts for Hyatt Place and Hyatt House in North America, more than 20 in the Middle East and Southwest Asia and more than 15 throughout the Asia Pacific region.
There are also 10 executed contracts for the two brands in Latin America and three in Europe and Africa.
"The Hyatt Place and Hyatt House brands allow us to expand Hyatt’s presence quickly, and often in urban markets where we previously did not have a presence," explained the Vice President of Global Brands for Hyatt Place and Hyatt House Steven Dominguez in a statement.
Dominguez points out that developers are drawn to the brands because of their flexibility and customization potential.
In his own statement, Hyatt's Senior Vice President of Franchise and Owner relations Jim Chu said the two "brands are on a terrific trajectory."
"Their growth illustrates the success of the select service model as these brands continue to create value for our guests and owners," Chu added.
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