Tag: hyatt hotels corporation

UNITE HERE has launched a domain for owners of hotels managed by Hyatt Hotels Corporation. HyattMismanaged.org examines Hyatt’s performance as hotel manager for its owners and gives a database of management agreements, leases, and other public records.

Hyatt plans to expand the variety of hotels under its brand “primarily by going in new management and franchising agreements,” and recently announced its intention to sell six full-service hotels but maintain long-term management agreements. However, Hyatt has recently lost management of high-profile properties in disputes with owners and will be poised to lose more as management agreements expire.

HyattMismanaged.org investigates Hyatt’s record as a manager for third-party hotel owners, and raises questions that current and prospective owners of Hyatt hotels should consider, including:

How do Hyatt’s management fees and operating expenses compare with its peers
Why have owners recently dropped Hyatt as a manager
How have the charges Hyatt charges owners impacted their ability to pay down debt
The site also provides a library of Hyatt’s lease and management agreements, allowing owners to match deal terms across multiple properties.

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Hyatt Hotels Corporation announced that a Hyatt affiliate has entered right into a management agreement with an affiliate of Huayuan Property Co., Ltd for a Grand Hyatt hotel in Changsha, Hunan Province in central China.

“Changsha has established itself as a huge hub for global business and entertainment, and we’re honored to have the option to bring the Grand Hyatt brand to this kind of great city,” said Mark Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation on the agreement signing in Changsha earlier today. “Throughout our 40 years in China, we have got showed thousands of guests how our associates can meet and exceed their needs, and we glance forward to bringing Hyatt’s signature authentic hospitality to any such dynamic and historic city.”

Grand Hyatt Changsha may be centrally located within the most prestigious commercial and business areas along the Xiangjiang River in downtown Changsha. The hotel might be portion of “The Central,” a mega mixed use complex with a purpose to incorporate high-end residential buildings, office spaces, and comfort shopping facilities. Situated at the upper floors of an iconic 268-meter-high skyscraper, Grand Hyatt Changsha will enjoy unobstructed views over the town and the river, and is anticipated to become the brand new landmark of Changsha. The 324-room hotel will feature an array of restaurants and bars, multi-purpose meeting and banquet facilities, a health club, a pool and a spa, and is anticipated to create over 500 new jobs.

“We are very happy to work with Hyatt on such an exhilarating and demanding project. We glance forward to our collaboration with Hyatt in further developing the high-end hotel market in Changsha,” said Ren Zhiqiang, Chairman of Huayuan Property Co., Ltd.

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The Hyatt Place Manhattan/Midtown-South has opened its doors, marking the primary Hyatt Place property to debut in Ny city. The recent Midtown Manhattan location represents a move into downtown urban locations for the upscale select service brand, which has grown by nearly 18 percent up to now three years.

The 185-room property features complimentary wifi access, 250 square feet of flexible, high-tech meeting/function space, an intimate Bakery Café featuring specialty coffees, premium beers, wines and cocktails and 24/7 Gallery Menu serving made-to-order entrees and appetizers. Guestrooms feature a 42-inch HDTV, the lush Hyatt Grand Bed and a seven-foot sofa.

“New York is a big and exciting market that represents such a lot of opportunities for us as we glance for meaningful growth across our portfolio of brands,” said Rakesh Sarna, group president – Americas, Hyatt Hotels Corporation.

“The opening of the city’s first Hyatt Place is a serious leap forward in our goal to become the foremost preferred brand for our guests, and we can’t wait to point out New Yorkers and its many visitors from world wide what Hyatt Place is all about.” Added Sharna.

Earlier this month, a Hyatt Place hotel opened in downtown Austin, Texas, and other downtown locations are expected to open this year in Chicago’s River North neighborhood; Minneapolis, Minn.; Charlotte, N.C.; Omaha, Neb.; Nashville, Tenn; Panama City, Panama; and Santiago, Chile.

In 2014, the corporate anticipates additional urban, downtown openings for the logo in Big apple City’s Times Square and Flushing; Washington D.C.’s NoMa neighborhood, and Lincoln, Neb.; among others.

“Hyatt Place guests could be acquainted with seeing our brand in suburban and airport locations, but we feel there’s also demand in downtown locations for the accessibility, convenience and overall experience the emblem provides. Hyatt Place delivers a unbroken experience to satisfy the desires of our guests’ multi-tasking 24/7 lifestyles, so what better place to showcase that have than Town that Never Sleeps,” said Chris Walker, vice chairman of brands, Hyatt Place and Hyatt House. “We wait for introducing a brand new group of consumers to the Hyatt Place brand.”