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Hyatt Hotels Corporation (NYSE: H) announced today that its wholly owned subsidiaries acquired a portfolio of assets from LodgeWorks, L.P. and its private equity partners, finalizing a previously announced transaction to purchase twenty hotels for approximately $660 million in cash, with one hotel acquisition to close during the fourth quarter of 2011.
Grand Hyatt São Paulo has been honored as a 2011 World Saver by Condé Nast Traveler magazine. Announced in the September 2011 issue as part of the fifth annual World Savers Awards, Grand Hyatt São Paulo is recognized for its corporate responsibility in the “Doing It All” global category for city hotels, namely for the hotel’s dedication to initiatives in education and poverty relief by offering training opportunities for youth from neighboring communities, programs for minimizing the hotel’s environmental impact, engagement in philanthropic activities, and support of local businesses as preferred vendors.
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into an agreement with ASB Tanzania Ltd., a wholly-owned subsidiary of Albwardly Investments, to manage Hyatt Regency Dar Es Salaam, The Kilimanjaro in Tanzania.
Hyatt Hotels Corporation (NYSE: H) announced today the opening of Hyatt Regency Chennai, introducing the Hyatt Regency brand to the booming south Indian market.
This September, the Park Hyatt hotel brand begins the transformation of its acclaimed Masters of Food & Wine event into a global series of seasonally- and locally-inspired culinary weekend Park Hyatt masters workshops that will take place four times per year around the change of season.