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Hyatt to sell some of its real estate

The international group recently announced a plan to sell several of its hotels .

Hyatt Hotels Corporation, which has its headquarters in the United States, has shown that it plans to sell a share of its properties for 1.5 billion dollars (1.26 billion euros) over the next three years. Proceeds will mostly be paid to the company's shareholders.

La company has described this action as a change in strategy that favors management and franchise agreements over ownership of walls.

As of January 1, 2017, Hyatt Hotels Corporation ranks 12th hotel group world wide, with 663 properties totaling 173,534 rooms, according to data published by Hospitality ON.


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