Hyatt Hotels Corporation is buying international lifestyle hotel management company, Two Roads Hospitality, which owns boutique and lifestyle hotel Joie de Vivre Hotels, Thompson Hotels, Destination Hotels, tommie and Alila Hotels & Resorts. Two Roads also has a pipeline of other projects around the globe.
Alila Hotels & Resorts alone offers a stable of 17 luxury properties, predominantly in Indonesia, but also in India, China, Malaysia, Cambodia, Oman and one resort in Big Sur, California, USA. Alila also has a further three properties in the pipeline in Jakarta, southern Sri Lanka and Wuzhen, China, the latter of which opens next month.
Thompson Hotels has a collection of 10 luxury properties in North America, including the likes of The Beekman, A Thompson Hotel in New York City and other branded properties in Chicago, Toronto, Nashville, Playa del Carmen and Zihuatanejo in Mexico.
Through the addition of Two Roads, its established lifestyle brands and the management agreements for the majority of its 85 properties in eight countries, Hyatt will expand its brand presence into 23 new markets while enhancing its offerings in lifestyle hotel experiences and wellbeing. The purchase will see Hyatt offering an expanded and more powerful portfolio of brands with best-in-class offerings to deliver compelling experiences and benefits for guests and World of Hyatt members.
“We are pleased to be coming together, and are dedicated to learning from each other and taking the best of both organisations forward,” said Mark Hoplamazian, President and Chief Executive Officer, Hyatt Hotels Corporation.
Hoplamazian said that by combining Two Roads’ “meaningful brand presence and development plans in Asia with Hyatt’s already strong position in this region, our expansion in this critically important and fast-growing part of the world will be accelerated.”
When the transaction closes, earmarked for later this year, Hyatt will create a dedicated lifestyle division as a catalyst to bring together the operations of Two Roads’ and Hyatt’s lifestyle brands.
“Hyatt is an ideal home for us as we share many values and a deep commitment to thoughtful growth and creating compelling experiences for our guests,” said Jamie Sabatier, chief executive officer, Two Roads Hospitality. “Hyatt’s unique position in the marketplace brings with it the powerful benefit of global scale while maintaining meaningful personal relationships with team members, guests and owners.”
Lead image – Seminyak Beach Resort