Hyatt International

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Insider

Portnoy’s lack of complaint

Body
If you’re a brand company which has management or franchise agreements with a Reit  - and that’s a fair few, given that Reits aren’t allowed to get into putting the mint on the pillow game themselves - you will have been watching SVC’s antics with a quickly-beating heart.

The Latest

  • Fronts Eyebrow Descriptor
    Pandemic
    Service Properties Trust has received a notice of termination from Hyatt with respect to the management agreement for 22 Hyatt Place hotels owned by subsidiaries of SVC.
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    Insider
    And so this is Christmas and what have you done? John Lennon, one suspects, might have dealt rather well with the pandemic, having had a large flat with nice views and a fondness for staying in bed.
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    Expansion
    Hyatt announced plans to grow its portfolio in Europe “significantly” by the end of 2023 with more than 20 managed and franchised deals, including several in the UK.
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    Development
    Hyatt has entered into a management agreement with an affiliate of Olympus Property Holding to develop a new Hyatt Regency hotel in London.
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    Growth
    Hyatt Hotels Corporation has entered into a franchise agreement with First Hotel Reisen to open the first Hyatt property in Sweden.
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    Transactions
    Twenty14 Holdings, part of the Lulu Group International, said that it was planning to expand its hotel holdings in Europe.
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    Development
    The first hotel under the UrCove brand - created under the joint venture of Hyatt and BTG Homeinns Hotels Group  - is due to open in October in Shanghai.