Welcome to our dedicated page for Hyatt Hotels Corporation news (Ticker: H), a resource for investors and traders seeking the latest updates and insights on Hyatt Hotels Corporation stock.
Hyatt Hotels Corporation (symbol: H), headquartered in Chicago, is a global leader in the hospitality industry with a diverse portfolio of 13 premier brands. As of December 31, 2016, Hyatt's impressive portfolio included 698 properties spanning 56 countries. The company’s commitment to caring for people so they can be their best underpins its business decisions and strategic growth, aiming to create value for shareholders, foster lasting relationships with guests, and attract top-tier talent.
Hyatt's subsidiaries are involved in various aspects of the hospitality sector, including the development, ownership, operation, management, franchising, and licensing of hotels, resorts, branded residences, and vacation ownership properties. The brands under its umbrella include Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt™, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™, and Hyatt Residence Club®. These brands collectively offer a wide range of experiences to meet diverse customer needs.
As an operator of various properties, Hyatt boasts a balanced mix with 4% of its rooms being owned and 96% being managed or franchised. The company’s portfolio also includes notable vacation brands like Apple Leisure Group, Hyatt Ziva, and Hyatt Zilara, the full-service lifestyle brand Hyatt Centric, the soft lifestyle brand Unbound, the wellness-focused Miraval brand, and the midscale extended-stay brand Studios.
Recently, Hyatt expanded its reach by acquiring Two Roads Hospitality in 2018 and Apple Leisure Group in 2021. This expansion bolstered its presence in the upscale and luxury segments. In terms of regional exposure, Hyatt's portfolio distribution is 54% in the Americas, 22% in the rest of the world, and 23% in the Asia-Pacific region.
Hyatt's strategic focus on growth and its dedication to guest satisfaction continue to distinguish it in the competitive hospitality market, ensuring a strong operational framework and a robust future outlook.
The new World of Hyatt Business Credit Card launched by Chase and Hyatt allows small business owners to earn double World of Hyatt points on categories where they spend the most. This card features an adaptive rewards accelerator, enabling members to maximize point earnings on hotel stays, dining, and more. Key benefits include automatic Discoverist status, bonus points on spending, and no foreign transaction fees, with an annual fee of $199. New cardholders can earn up to 75,000 Bonus Points during the first three months.
Hyatt Hotels Corporation (NYSE: H) has announced the opening of its first Hyatt Centric brand hotel in the UK, located in Cambridge. This 150-guestroom hotel features modern dining options, a rooftop terrace, and offers easy access to local attractions. Positioned within the sustainable Eddington neighborhood, the hotel aims to provide guests with unique experiences, including local cuisine and activities like punting on the River Cam. The opening highlights Hyatt's continued expansion and commitment to enhancing its presence in key markets.
Hyatt Hotels Corporation (NYSE: H) will announce its third quarter 2021 financial results on November 3, 2021, after market close. A conference call is scheduled for November 4, 2021, at 10:00 a.m. CT, accessible via a webcast on the company’s website. For those unable to attend, a replay will be available starting November 4, 2021, at 12:00 p.m. CT, until November 11, 2021. As of June 30, 2021, Hyatt operates over 1,000 properties in 68 countries, focusing on providing premier hospitality experiences.
Hyatt Hotels Corporation (NYSE: H) has launched its first JdV by Hyatt hotel in Italy, named The Tribune Hotel, located in Rome. This upscale property features 52 unique rooms and aims to provide a vibrant and socially inclusive experience for guests. Positioned near famous attractions like the Spanish Steps and Trevi Fountain, the hotel boasts a rooftop terrace offering artisanal Italian cuisine. Additionally, guests can earn 500 Bonus Points per qualifying night as part of the World of Hyatt member offer.
Hyatt Hotels Corporation (NYSE: H) has priced its public offering of senior notes totaling
Hyatt Hotels Corporation (NYSE: H) has announced a public offering of 8,050,000 shares of its Class A common stock at $74.50 per share. This follows the full exercise of underwriters' option to purchase an additional 1,050,000 shares. The offering is expected to yield approximately $575.2 million, which will primarily fund the acquisition of Apple Leisure Group, valued at $2.7 billion. The delivery of shares is anticipated on September 27, 2021, subject to customary closing conditions.
Hyatt Hotels Corporation (NYSE: H) has priced its public offering of 7,000,000 shares of Class A common stock at $74.50 per share, with an underwriters' option for an additional 1,050,000 shares. The offering aims to raise approximately $500.14 million, or $575.24 million if the option is fully exercised. Proceeds will primarily fund the acquisition of Apple Leisure Group, valued at $2.7 billion, with over 80% sourced from cash and debt. The offering is not contingent upon the acquisition's completion, scheduled for September 27, 2021.
Hyatt Hotels Corporation (NYSE: H) has launched an underwritten public offering of 7,000,000 shares of Class A common stock, with an option for underwriters to purchase an additional 1,050,000 shares. The proceeds will primarily fund the acquisition of Apple Leisure Group, valued at $2.7 billion, with over 80% financed through cash and debt. The offering's completion is not dependent on the acquisition's success. J.P. Morgan, BofA Securities, and Goldman Sachs are managing the offering.
Hyatt Hotels Corporation (NYSE: H) and Oxford Properties have unveiled the restored Park Hyatt Toronto hotel. Featuring new interiors by Studio Munge, the property includes luxury guestrooms, a world-class restaurant named Joni, and the Writers Room rooftop bar. The hotel incorporates a significant art collection from Canadian artists and emphasizes personalized service. With 219 guestrooms, including 40 suites, the hotel merges sophisticated design with Canadian heritage. A spa will also be introduced in the future, enhancing the hotel's offerings as a premier destination.
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