Hyatt Hotels Corporation has announced an agreement to acquire Two Roads Hospitality, an international lifestyle hotel management company with a unique collection of distinctive brands, properties and a robust development pipeline around the globe.
Through the addition of Two Roads, Hyatt will expand its brand presence into 23 new markets while enhancing its offerings in lifestyle hotel experiences and wellbeing.
With Two Roads and its distinctive collection of lifestyle hotels, resorts and vacation residences, Hyatt will offer 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, expand its relationship with valued hotel owners, and drive growth for shareholders.
Among the newly acquired properties:
- Alila Hotels & Resorts – 14 luxury properties, including resorts in Indonesia, China, India, Cambodia and Malaysia. The Alila Purnama is a luxury sailing ship (pictured at right).
- Joie de Vivre – a chain of 30 boutique hotels in the United States, all with distinctive design elements and popular restaurant/bars attached.
- Thompson Hotels – a select group of properties in the US and Mexico for business and leisure travelers.
- tommie – a new brand of micro-hotels aimed at millennials, with the inaugural location coming soon to Hollywood.
- Chicago Athletic Association Hotel – the restoration of a celebrated 1890s athletic club, (pictured above) reborn as a bustling hotel playground. This Michigan Avenue hotel features commanding views across Millennium Park to Lake Michigan, as well as breathtaking rooftop terrace.
“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, said Mark Hoplamazian, president and chief executive officer, Hyatt Hotels Corporation. “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.”
After the close of the transaction, which is expected 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.”