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Hyatt Builds on Luxury Portfolio

The company plans to open 30 properties across the Americas through 2025

By Madeline Fuerstenberg

In an attempt to expand its luxury presence in the hotel industry, Hyatt is planning to open 30 new properties across the Americas by the end of 2025. || Photo by Jo Ann Snover, courtesy of Adobe

As part of a strategic expansion plan into the luxury lifestyle hotels market, Hyatt Hotels Corp. announced in September the addition of 30 hotels and resorts to its growing portfolio. Slated to open across the Americas through 2025, the new properties will be established in several new markets. The hotels in development include properties under the Thompson Hotels, Caption by Hyatt, Andaz, and Grand Hyatt brands.

Crystal Vinisse Thomas, vice president and global brand leader for Hyatt’s luxury and lifestyle brands, says in a prepared statement that the expansion is driven by the “current demand for authentic leisure travel experiences.”

Hotels and resorts expected to open soon include the 206-room Thompson Houston, Texas, which will feature 17,000 square feet of indoor and outdoor event space and is expected to open by the end of this year. Others are a Thompson-branded hotel in Palm Springs, California, and another in South Beach, Florida. An Andaz property will be established in Florida for the first time, rebranding The Confidante Miami Beach as Andaz Miami Beach; and The Caption by Hyatt brand will expand to Tennessee and Arizona, opening in Chattanooga and Scottsdale, respectively.

In the last five years, Hyatt has doubled its global number of luxury rooms, tripled the number of resort rooms, and quadrupled the number of lifestyle rooms. Today, luxury, lifestyle, and resort hotels currently comprise more than 40% of the company’s portfolio.