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Hyatt announced they’d be acquiring Two Roads Hospitality, which is composed of Joie de Vivre Hotels, Thompson Hotels, Destination Hotels, tommie and Alila Hotels & Resorts, as they look to grow their global footprint. While Hyatt isn’t nearly as large as Marriott or Hilton, they’re looking to grow.
When it comes to World of Hyatt, nothing has been announced as of yet, however they’re looking to have Two Roads integrated sometime next year, which means more properties to earn and redeem World of Hyatt points.
It will be interesting to see if Hyatt decides to keep all of the Two Roads Hospitality brands or if you’ll get rid of some and combine them into their existing brands such as the Unbound Collection.
Hyatt Hotels Corporation 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, 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. 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.
Hyatt will provide additional information related to the acquisition, including a preliminary estimate of 2019 earnings accretion, on its third quarter earnings call scheduled for October 31, 2018. Hyatt plans to integrate Two Roads brands into the World of Hyatt program in 2019, expanding opportunities for World of Hyatt members to earn and redeem points across more leisure-focused stay options and also driving hotel occupancy from a loyal group of travelers who spend more, stay more and book directly.
What are your thoughts on this news from Hyatt? Feel free to share your thoughts in the comments below.
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