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Jul 19, 2013Hyatt Hotels Corporation announced that a wholly owned Hyatt subsidiary plans to enter the all-inclusive segment in partnership with Playa Hotels & Resorts B.V. (“Playa”). Playa was created with the goal of becoming a leading owner, operator and developer of all-inclusive resorts. Hyatt expects to invest a total of $325 million, consisting of $100 million for an approximate 20 percent ownership stake in Playa and $225 million for convertible preferred stock in Playa.
- Jul 9, 2013Hyatt continues its expansion of its brand in Russia with plans for Hyatt Regency Moscow Istra Resort
The hotel will be the sixth Hyatt-branded hotel under development in Russia
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Istra-Kurort LLC, a Russian real estate development company, for a Hyatt Regency hotel in Moscow.
- Jun 27, 2013
Chesapeake Lodging Trust (NYSE: CHSP) (the “Trust”) and Hyatt Hotels Corporation (NYSE: H) (“Hyatt”) announced today that the Trust has acquired the fee simple interest in the Hyatt Santa Barbara and two adjoining properties totaling 200 rooms from a Hyatt affiliate for $61.0 million, or approximately $305,000 per key.
- Jun 18, 2013Hyatt forms joint venture with experienced developer for multiple Hyatt Place hotels in Brazil
Hyatt Hotels Corporation (NYSE: H) today announced the execution of an agreement to form a joint venture between a Hyatt affiliate and FSA Group S.A. (FSA), a Libra Group company, to develop and own nine Hyatt Place-branded hotels in Brazil.
- May 31, 2013
Chesapeake Lodging Trust (NYSE: CHSP) (the "Trust") announced today that it has purchased the fee simple interest in the 313-room Hyatt Fisherman’s Wharf from an affiliate of Hyatt Hotels Corporation (NYSE: H) for $103.5 million, or approximately $331,000 per key.