NEWS
Hyatt continues acquisition streak with Two Roads Hospitality
POSTED 10 Oct 2018 . BY Jane Kitchen
In a move set to expand its offerings in lifestyle hotels and wellbeing, Hyatt Hotels will acquire Two Roads Hospitality – parent company of Alila, Destination, Joie de Vivre, Thompson and tommie brands – for a base price US$480m, with Hyatt potentially investing US$120m more.

Two Roads operates 85 properties in eight countries, and the acquisition will expand Hyatt’s brand presence into 23 new markets. The deal is expected to close later this year.

“Hyatt and Two Roads share a commitment to genuine care and delivering distinctive experiences to discerning travellers,” said Mark Hoplamazian, president and CEO of Hyatt. “We are pleased to be coming together, and are dedicated to learning from each other and taking the best of both organisations forward. 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.”

Hyatt notably acquired wellness destination brand Miraval in early 2017, as well as US spa and fitness brand exhale in August 2017. It most recently named spa and wellness industry veteran Mia Kyricos as its senior vice president, global head of wellbeing.

Hyatt will also be host to the 2019 Global Wellness Summit, set to take place in October in Hong Kong.

 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Spa Business - Hyatt continues acquisition streak with Two Roads Hospitality...
19 Oct 2018 Spa Business: uniting the world of wellness
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

10 Oct 2018

Hyatt continues acquisition streak with Two Roads Hospitality
BY Jane Kitchen

Carmel Valley Ranch in California, US, is a Joie de Vivre Hotel and part of the acquisition

Carmel Valley Ranch in California, US, is a Joie de Vivre Hotel and part of the acquisition

In a move set to expand its offerings in lifestyle hotels and wellbeing, Hyatt Hotels will acquire Two Roads Hospitality – parent company of Alila, Destination, Joie de Vivre, Thompson and tommie brands – for a base price US$480m, with Hyatt potentially investing US$120m more.

Two Roads operates 85 properties in eight countries, and the acquisition will expand Hyatt’s brand presence into 23 new markets. The deal is expected to close later this year.

“Hyatt and Two Roads share a commitment to genuine care and delivering distinctive experiences to discerning travellers,” said Mark Hoplamazian, president and CEO of Hyatt. “We are pleased to be coming together, and are dedicated to learning from each other and taking the best of both organisations forward. 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.”

Hyatt notably acquired wellness destination brand Miraval in early 2017, as well as US spa and fitness brand exhale in August 2017. It most recently named spa and wellness industry veteran Mia Kyricos as its senior vice president, global head of wellbeing.

Hyatt will also be host to the 2019 Global Wellness Summit, set to take place in October in Hong Kong.




Connect with
Spa Business
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Traditional Chinese Medicine centre to be built for Beijing 2022 Olympic Games
Traditional Chinese Medicine centre to be built for Beijing 2022 Olympic Games   19 Oct 2018

Plans have been revealed to build a Traditional Chinese Medicine (TCM) center for the Beijing 2022 Winter Olympics. As well as providing TCM .... more>>
Kennedy named business development officer for Cidesco
Kennedy named business development officer for Cidesco   18 Oct 2018

International beauty and spa therapy standard setter Cidesco International is expanding its head office support team with the appointment of .... more>>
Equinox to launch retreats as the brand expands into travel
Equinox to launch retreats as the brand expands into travel   18 Oct 2018

Fitness operator Equinox will move further into the lifestyle space with the launch of bespoke luxury travel experiences, featuring domestic and .... more>>
Alessandri, Clodagh, McCann lead GWS Wellness Awards
Alessandri, Clodagh, McCann lead GWS Wellness Awards   18 Oct 2018

The Global Wellness Summit (GWS) celebrated recipients of its 5th-annual Global Wellness Awards and the winners of its Shark Tank of Wellness student .... more>>
GPs to adopt 'social prescribing' to tackle loneliness as part of government strategy
GPs to adopt 'social prescribing' to tackle loneliness as part of government strategy   17 Oct 2018

UK prime minister Theresa May has backed a new loneliness strategy, the government's first, which will encourage GPs to prescribe social activities – .... more>>
Company profile


MCCM Medical Spa

MCCM is a professional brand, and we develop innovative treatments with effective results.

View full profile>>

Catalogue gallery


Featured Supplier

The|Tides Wellness launches BrainBody™ spa & wellness Treatments

The|Tides Wellness launches BrainBody™ spa & wellness Treatments

Modern living is extremely exhausting on our minds and bodies. Today’s 24/7 connectivity, stress and sensory overload, can easily drain our vitality More>>




in this issue

• New global launch for Leisure Media
• Bear Grylls and BMF target the inactive
• Hotel contract for Liverpool cruise terminal



Spa jobs




Healthy Lifestyle Referral Specialist
Salary: £19,240 per annum
Location: Bradley Stoke, Bristol, UK
Company: Circadian Leisure Trust
Spa Receptionist
Salary: £20,000 per annum
Location: Hyde Park, London, UK
Company: The Lanesborough
General Manager
Salary: Competitive salary based on experience
Location: Camden, London, UK
Company: triyoga
Diary dates
Powered by leisurediary.com

24 Apr - 26 Nov 2018

MAPIC Russia

Expocentre, Moscow, Russia


17-19 Oct 2018

Mediterranean Resort & Hotel Real Estate Forum (MR&H)

Divani Apollon Palace & Thalasso, Athens, Greece



Spa Business magazine 2018 issue 3
Spa Business
2018 issue 3

View issue contents
View on turning pages
Download PDF
  Event report: International Onsen Summit
Anni Hood reports from Japan’s first-ever hot springs conference More>>
  Wellness: Staying well
Spa Business takes a look at how some of the world’s biggest hotel operators are addressing the new trend of ‘wellness rooms’ More>>


Spa Business magazine 2018 issue 2

Spa Business
2018 issue 2

View issue contents
View turning pages
Download PDF
  Spa programmes: On the menu
Underwater yoga, healing breathwork and genetics all feature in Spa Business’ brand new series revealing the latest treatments, programmes and retreats in spas More>>
  New opening: Blue Lagoon
Hot news – Iceland’s famous Blue Lagoon launches new spa and hotel More>>


Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd