Hyatt Plans To Double Brand Presence In Canada
Twelve Hyatt Place And Hyatt House Hotels Expected To Open By 2020
June 07, 2018 // Franchising.com // TORONTO - Hyatt announced plans to expand the Hyatt Place and Hyatt House brand footprint in Canada with the signing of management and franchise agreements by a Hyatt affiliate for nine Hyatt Place hotel and three Hyatt House hotels. There are currently nine Hyatt-branded hotels open Canada, and the expected openings of these 12 Hyatt Place and Hyatt House hotels would increase Hyatt’s brand presence in the region to 21 hotels within the next few years.
“We believe the new agreements being announced today, along with the previously announced properties under development, demonstrate growing confidence among owners and developers in the strength of the Hyatt Place and Hyatt House hotels in Canada,” said Scott Richer, Hyatt’s vice president of real estate and development for Canada. “There is tremendous growth opportunity in this region – coming off the heels of its 150th anniversary, Canada continues to see strong levels of leisure travel, as well as an increase in corporate travel. Today’s announcement is a testament to the global appeal of Hyatt’s select service portfolio as it continues to expand worldwide and offer more choices to our guests.”
Hyatt Place and Hyatt House
The Hyatt Place and Hyatt House brands are designed to deliver seamless experiences that are authentic, intuitive and modern, allowing business travelers to remain productive and worry free, without skipping a beat. Twelve Hyatt Place and Hyatt House hotels are expected to open in Canada in the next two years, including:
- Hyatt Place Calgary Airport (127 guestrooms) in Calgary, Alberta
- Hyatt Place Mississauga Centre (126 guestrooms) in Mississauga, Ontario
- Hyatt Place Brampton (123 guestrooms) in Brampton, Ontario
- Hyatt Place Kelowna (161 guestrooms) in Kelowna, British Columbia
- Hyatt Place Moncton (120 guestrooms) in Moncton, New Brunswick
- Hyatt Place Winnipeg Downtown (144 guestrooms) in Winnipeg, Manitoba
- Hyatt House Hamilton/McMaster University (135 guestrooms) in Hamilton, Ontario
- Hyatt House Winnipeg South West (135 guestrooms) in Winnipeg Manitoba
- Hyatt Place Toronto International Airport (196 guestrooms) in Toronto, Ontario
- Hyatt Place Toronto Airport Corporate Centre and Hyatt House Toronto Airport Corporate Centre (250 guestrooms) in Toronto, Ontario
- Hyatt Place Vancouver Airport (97 guestrooms) in Vancouver, British Columbia
Hyatt-branded hotels currently open in Canada include:
- British Columbia: Spirit Ridge at Nk’Mip Resort and Hyatt Regency Vancouver
- Alberta: Hyatt Regency Calgary, Hyatt Place Edmonton/Downtown and Hyatt Place Edmonton-West
- Ontario: Andaz Ottawa Byward Market, Hyatt Regency Toronto and Park Hyatt Toronto*
- Quebec: Hyatt Regency Montreal
For more information, please visit hyatt.com.
*Park Hyatt Toronto is temporarily closed for renovation and is expected to reopen in December 2019.
The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 14 premier brands. As of March 31, 2018, the Company's portfolio included more than 700 properties in more than 50 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™, Hyatt Residence Club® and exhale® brand names. For more information, please visit www.hyatt.com.
Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause our actual results, performance or achievements to differ materially from current expectations include, among others, the rate and pace of economic recovery following economic downturns; levels of spending in business and leisure segments as well as consumer confidence; declines in occupancy and average daily rate; the financial condition of, and our relationships with, third-party property owners, franchisees and hospitality venture partners; the possible inability of third-party owners, franchisees or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and the introduction of new brand concepts; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); changes in the competitive environment in our industry, including as a result of industry consolidation, and the markets where we operate; general volatility of the capital markets and our ability to access such markets; and other risks discussed in the Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K, which filings are available from the U.S. Securities and Exchange Commission. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
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