The acquisition adds 85 hotels globally to Hyatt’s portfolio
Two Roads Hospitality has 85 properties globally, marking a significant investment for Hyatt that will bring brands such as Thompson Hotels, Joie de Vivre Hotels, Destination Hotels, Tommie and Alila Hotels and Resorts into its portfolio.
Hyatt Hotels Corporation president and CEO Mark Hoplamazian said the move would see the company expand its brand presence into 23 new markets.
“We are pleased to be coming together, and are dedicated to learning from each other and taking the best of both organisations forward,” he said. “Two Roads’ passionate team members, strong brands, global footprint and robust development pipeline will expand our lifestyle offerings and grow Hyatt’s brand presence in more places where our guests and World of Hyatt members want to travel.
“Importantly, combining Two Roads’ meaningful brand presence and development plans in Asia with Hyatt’s already strong position in this region will allow us to accelerate expansion in this critically important and fast-growing part of the world.”
Two Roads Hospitality CEO Jamie Sabatier said the two companies “share many values and a deep commitment to thoughtful growth and creating compelling experiences for our guests”.
“Hyatt’s unique position in the marketplace brings with it the powerful benefit of global scale while maintaining meaningful personal relationships with team members, guests and owners,” he said.
The deal is expected to be wrapped by the end of the year with The Two Roads brands integrated into the World of Hyatt loyalty program in 2019.
Two Roads Hospitality also manages many other hotel brands, including Autograph Collection, The Luxury Collection, Full Service Hilton, Curio, DoubleTree, Embassy Suites and Aloft Hotels, but details of how Hyatt will negotiate managing its competitors’ hotel brands won’t be clarified until after the deal is closed.