The American group to buy the upscale hotel manager Two Roads Hospitality (85 hotels).
Hyatt Hotels Corp. will pay $480 million to acquire the hotel manager Two Roads Hospitality. The latter has a portfolio of 85 hotels positioned on the upscale segment, including the luxury brands Thompson Hotels (almost 1,500 rooms) and Alila Hotels and Resorts (also 1,500 rooms).
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Another luxury brand acquisition for Hyatt?
This announcement follows Hyatt's recently announced intention to take over the luxury hotel group Belmond Ltd. (3,001 rooms). The American hotelier thus unveils part of its strategy to increase its high-end offer. Thus, Mark Hoplamazian, CEO of the group, points out that the Two Roads brands “are positioned at the high end of their respective segments, same as Hyatt. They’re clearly attracting higher-end travelers, which is very consistent with our customer base.”