Business · Companies · 2 hrs ago
Hyatt plans to expand its hotel portfolio in Spain through partnerships
Hyatt plans to grow its hotel business in Spain by adding hotels and working with partners.
The US-based group has 53 hotels in Spain, including 42 holiday properties.
Its approach could include partnerships, joint ventures, buying smaller hotel chains and marketing agreements.
Hyatt says it wants to expand in Gran Canaria, Cádiz and the Costa Blanca, where it currently has no hotels, as well as in other Spanish destinations.
The company sees opportunities to upgrade existing independent hotels and bring them under brands such as Hyatt Ziva, Hyatt Vivid and Destination by Hyatt.
Beyond Spain, Hyatt is targeting resort growth around the Mediterranean and in North Africa, with Italy, Turkey, Albania, Morocco and Egypt among its priority markets.
Hyatt plans to expand its hotel portfolio in Spain through partnerships, new hotel additions and a broader range of brands.
The company has 53 hotels in Spain, 42 of them in the vacation segment.
Its growth strategy combines adding hotels individually with partnerships, joint ventures, acquisitions and marketing agreements.
Hyatt aims to enter Gran Canaria and grow in other Spanish destinations, including Fuerteventura, Lanzarote, Tenerife, Cádiz and the Costa Blanca.
The company sees opportunities to upgrade independent or existing hotels and bring them under higher-value brands.
- Who
- Hyatt, including its Inclusive Collection business.
- What
- The company plans to expand its Spanish hotel portfolio through partnerships and other approaches.
- When
- Not stated.
- Where
- Spain, with a focus on vacation destinations including Gran Canaria, Fuerteventura, Lanzarote, Tenerife, Cádiz, the Costa Blanca and the Balearic Islands.
- Why
- Hyatt sees room to grow its vacation portfolio and says Spain has strong international demand.
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This story does not have a timeline yet.
- Current hotels in Spain
- 53
- Vacation hotels in Spain
- 42
- Priority Canary Islands entry
- Gran Canaria, where Hyatt currently has no hotel
- Balearic Islands presence
- More than 20 hotels