[News] Hyatt Announces Acquisition Of New Luxury Hotels

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Hyatt has announced (click me) that they’re acquiring Two Roads Hospitality, the group that manages brands such as Joie de Vivre Hotels, Thompson Hotels, Destination Hotels, tommie and Alila Hotels & Resorts, with 85+ properties in eight countries around the world. This will allow Hyatt to expand their presence into 23 new markets, while also adding more options in existing markets. The deal has now been publicly confirmed at a price of $480 million, with the potential for Hyatt to invest up to an additional $120 million after closing.

Here’s what Hyatt’s CEO had to say about the acquisition:

“Hyatt and Two Roads share a commitment to genuine care and delivering distinctive experiences to discerning travelers. We are pleased to be coming together, and are dedicated to learning from each other and taking the best of both organizations forward. Two Roads’ passionate team members, strong brands, global footprint and robust development pipeline will expand our lifestyle offerings and grow Hyatt’s brand presence in more places where our guests and World of Hyatt members want to travel. Importantly, combining Two Roads’ meaningful brand presence and development plans in Asia with Hyatt’s already strong position in this region will allow us to accelerate expansion in this critically important and fast-growing part of the world.”

You can find the listing of all Two Roads Hospitality properties here (click me). The deal is expected to close later this year, with properties becoming available for World of Hyatt earning and redemption in 2019. Here is the information of hotel brands which Two Roads Hospitality manages:

  • Destination Hotels has 47 properties
  • Joie de Vivre has 19 properties
  • Alila has 17 properties with 3 properties in coming
  • Thompson Hotels has 10 properties
  • tommie has 1 in coming

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