Keyword: Two Roads Hospitality
The new division combines some Hyatt properties with brands acquired in the Two Roads Hospitality deal.
Net income attributable to Hyatt was $63 million in Q1 compared to $411 million in Q1 2018, a drop of 84.6%.
Lowe Enterprises' new management division is designed to be a smaller firm with a more intimate relationship with hotel partners.
Acquiring Two Roads Hospitality boosted Hyatt's room count, but drove down net income for the final quarter of 2018.
2018 saw some major deals totaling $18.3 billion and approximately 51,100 hotel rooms with an average sale price per room of $357,000, according to LWHA.
The new management company has a portfolio of 17 lifestyle hotels and resorts across the U.S. and in Puerto Rico.
M&As, partnerships and development made headlines in 2018. Here's a review of some of the top stories.
Before celebrating the New Year, Hotel Management is taking a look back at the top operations-related stories to break this past year.
With the addition of five lifestyle brands—Alila, Destination, Joie de Vivre, Thompson and tommie—Hyatt has expanded its presence into 23 new markets.
All requests are routed through Volara’s secure integrations hub into the hotel’s existing software, including Sonifi, Honeywell and Zingle, for execution.