Hyatt has been doing a ton of development overseas, with a very rich pipeline. But, the US hasn’t seen nearly the same level of development. Hyatt lacks properties in some key markets, where in others it lacks “depth of brand”, offering only one or two of their brands in a major market.
The two new additions are in markets they already have properties but could definitely use another.
First, the Denver market is getting a new Hyatt property that is unique while adding some well-known labels to the market. Hyatt is building a property right downtown that’s a combination of a Hyatt House and Hyatt Place.
The joint property will be 50% owned by Hyatt. Both brands will have their own identity, with Hyatt Place having 248 rooms and Hyatt House offering 113. Hyatt has both brands “in the Denver market” but that’s like saying Denver Airport is in Denver as opposed to Western Kansas where it really resides. Denver has a Hyatt Regency (my favorite Hyatt Regency in the US) and a Grand Hyatt. But, given the size of the market and the number of conventions, having some limited service and extended stay rooms downtown makes a ton of sense. The property is supposed to open in late 2015.
Hyatt is also planning an Andaz for Palm Springs. I’ve stayed in Palm Springs once before and find it to be an interesting market. There’s a lot of money there, and some of the major chains also have “timeshare” style properties, like SPG’s Westin Mission Hills Villas.
The Andaz brand makes a lot of sense in Palm Springs and it’s being projected as a high-end property. I especially like that it’s forecast to have 17 suites, which should yield some opportunities for Diamonds members to use suite upgrades there. Hyatt anticipates opening this hotel in the fall of 2016.
I like additions like this quite a bit. The biggest push-back I get from folks is that Hyatt doesn’t have properties in enough cities across the US. While I don’t expect to see Hyatts in every tertiary city like Williamsburg, VA, I think their focus on the full suite of brands in major and secondary cities bodes well for those people considering a switch to Hyatt.
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