NEWS
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| Hyatt continues acquisition streak with Two Roads Hospitality |
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| POSTED 10 Oct 2018 . BY Jane Kitchen |
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Carmel Valley Ranch in California, US, is a Joie de Vivre Hotel and part of the acquisition
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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.
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Hyatt to open 40,000sq ft exhale spa in Atlantic City casino resort
POSTED 29 Jun 2018. BY Jane Kitchen
The first exhale spa to open since Hyatt acquired the brand last year will be in the Ocean
Resort Casino, due to make its debut soon in Atlantic City, New Jersey. The 1,399-
bedroom resort is part of The Unbound Collection by Hyatt, and will include a 40,000sq ft
exhale spa with 31 treatment rooms and a 3,000sq ft bathhouse.
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Global head of Miraval unveils plans for growth
POSTED 02 Mar 2018. BY Jane Kitchen
Hyatt has plans to grow both Miraval and Exhale following its recent acquisition of the two
wellness brands, with the hospitality giant investing another US$100m in Miraval by the
end of this year, according to Marc Ellin, global head of Miraval Group, who spoke at the
World Spa and Wellness Convention in London earlier this week.
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| Bannatyne has bounced back from the pandemic |
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| The Bannatyne Group says it has officially bounced back from the pandemic, with both turnover
and profits restored to pre-2020 levels in 2023, according to its year-end results. |
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