Hyatt Acquires Playa Hotels & Resorts

Skift

19-06-2025

The DJIA fell 44 points while the Nasdaq was up 25, the S&P 500 fell 2 points and the 10-year treasury yield was up a bit at 4.40%. Lodging stocks were mixed. SOHO was the big gainer, rising 10% and popping its head above $1 for the first time in months.
In observance of the Juneteenth holiday, there will be no Daily Lodging Report on Thursday, June 19th.
STR reported U.S. hotel data for the week ended June 14th. RevPAR was down -1.8% year over year, with occupancy down -2.4%. Group RevPAR was up 1.3%.
Hyatt Hotels Corporation announced the completed acquisition of Playa Hotels & Resorts N.V. The transaction included the acquisition of 15 all-inclusive resorts previously managed and owned by Playa. Of these, eight were already represented within Hyatt's system as Hyatt Ziva and Hyatt Zilara properties. As part of the transaction, Hyatt expands its all-inclusive portfolio with the addition of several resorts located in premier beach destinations, including Secrets La Romana and Dreams La Romana in the Dominican Republic; Dreams Rose Hall in Montego Bay, Jamaica; and Hyatt Vivid Playa del Carmen and Sunscape Cancun in Mexico.
Correction: Sunday's DLR contained coverage of a story on Jalisco announcing a $1 billion investment to build 38 new hotels. We have been advised by Hyatt that despite what was said in the press release, Hyatt does not have plans to invest in Jalisco but is always open to discussing and considering development opportunities in key leisure markets like Jalisco.
The Federal Trade Commission granted Marriott International antitrust approval to acquire the CitizenM hotel brand. CitizenM will continue to own its real estate and operate the hotels following the closing of the transaction. MAR will assume the CitizenM brand and IP.
A new $35 million hotel could be coming to Padre Island in Texas. According to blueprints that RGB Hospitality filed with the city of Corpus Christi, the development would include a Marriott Residence Inn and a Courtyard by Marriott attached to each other, making a resort. The resort-hotel design features 205 guestrooms, a spacious conference area, and three bars. RGB Hospitality hopes construction will begin by the end of summer 2025. Once construction begins, the development is expected to take about two and a half years to complete.
Key International and Wexford Real Estate Investments announced the June 25, 2025, reopening of the Fort Lauderdale Marriott Pompano Beach Resort, unveiling an extensive multi-million dollar renovation. The resort will emerge from its first phase of renovation with 100 newly appointed guestrooms, including 16 spacious suites, in its North Tower. The remaining 119 guestrooms and suites in the South Tower will debut in late 2025. Anchoring the resort's evolution is a new 3,000 square foot, zero-entry pool; a revitalized beach experience including the resort's Tiki Bar; and two brand-new dining concepts. The resort boasts over 8,000 square feet of versatile indoor and outdoor event space. The first phase of the renovation will unveil a 3,000-square-foot outdoor oceanfront terrace and a 2,800-square-foot ballroom. In late 2025, two additional spaces will be unveiled.
Reservations officially opened for Naples Beach Club, A Four Seasons Resort. Debuting in October 2025 in Naples, Florida, the new beachfront property is brought to life through the partnership between BDT & MSD Partners, The Athens Group, and Four Seasons. As the only Four Seasons on the Gulf Coast, the hotel sits within the 125-acre Naples Beach Club residential and golf resort. In addition to the hotel, the expansive development features 58 luxury condominiums in three new beachside residential buildings, and 95 luxury condominiums in five golf-side residential buildings with views of The Gardens, a newly designed 18-hole golf course. With 220 accommodations, including 57 suites, along with 153 residences, the extensive property will feature five diverse dining experiences, a full-service spa, racquet sports facilities, versatile meeting and event venues, the new golf course, and more.
Resolute Road Hospitality announced the Holiday Inn Express Astoria, Oregon, has completed a comprehensive renovation. The four-story, 98-room property underwent a significant capital improvement. The project included a full renovation of guestrooms and public areas, including a redesigned lobby, a modernized breakfast area, an upgraded fitness center, a refreshed indoor pool, and an expanded outdoor patio.
Omni Las Colinas Hotel, located in Irving, Texas, has completed a $20 million renovation across all 421 guestrooms including 111 suites, and the Las Colinas Ballroom, the property's largest event space. Following the $13 million revitalization of the property's common spaces, this final phase of the property-wide renovation reflects the pioneering vision of Las Colinas. The previous renovation introduced The Lakehouse Waterfront Lounge & Pool Deck and three new dining concepts.
Castle Resorts & Hotels announced the Castle Hilo Hawaiian Hotel, on Banyan Drive in Hilo, Hawaii, has joined the Trademark Collection by Wyndham. The Hilo Hawaiian is the first property in Hawaii to be part of the global hotel brand. The property features 286 guestrooms and suites, a pool, meeting spaces, and a signature WSW Steakhouse restaurant.
Charlestowne Hotels announced its continued expansion with the takeover of Hotel Nell, located in Washington, D.C.'s Union Market neighborhood. Charlestowne will oversee all management of Hotel Nell, including day-to-day operations, food & beverage programming, revenue optimization, strategic marketing, and creative services. The 106-room property boasts 10,000 square feet of flexible event space and three distinct dining outlets.
The Phoenix Hotel in San Francisco will close at the end of the year, according to the San Francisco Chronicle. Chip Conley, longtime hotelier and founder of Joie de Vivre Hospitality, and his partners hold the lease to the property and own the hotel's name and brand but not the land. The San Francisco Baking Institute bought the property for $9.1 million last year.
The long-shuttered Gulfstream Hotel in downtown Lake Worth Beach, Florida, will reopen this fall, and would-be guests will be able to book reservations starting on June 19, 2025, for summer 2026. The Gulfstream Hotel will open 90 rooms when it opens this year, with 50 more rooms coming in 2026, according to a hotel news release. It will also have 50 apartments, a rooftop restaurant, bar, spa, gym, and a 273-space parking garage. The hotel is under the ownership of Amy Gill and her husband Amrit Gill.
The Mount Vernon Company announced the acquisition of the John Carver Inn & Spa located in the heart of historic Plymouth, Massachusetts. Under Mount Vernon's stewardship, the property will be repositioned and re-imagined. The 80-room inn currently features a full-service spa, indoor pool, meeting and event space, fitness center, game room, onsite dining, and ample parking. Plans for repositioning will include refreshed interiors, enhanced amenities, elevated dining, and curated programming. The John Carver Inn will be managed by Olympia Hospitality and will remain operational during the initial phase of planning, with renovation plans to be unveiled in the coming months. Ruberto, Israel & Weiner's Commercial Real Estate team represented Mount Vernon in this transaction. JLL Hotels & Hospitality represented the seller.
HVS Brokerage & Advisory announced the sale of the 60-key La Quinta Inn & Suites Corpus Christi - North Padre Island, located in Corpus Christi, Texas. The property was purchased by Mr. Inderjit Randhawa from South Texas Hotels, LLP.
Personnel News
Essex Hotel Management has promoted John Kattato to Chief Operating Officer. In his new role, Kattato will continue to oversee the operations team while expanding his responsibilities to include all departments. His focus will include fostering company culture, assisting with strategic initiative development, and providing leadership and guidance to department heads. Additionally, Kattato will increase his visibility outside the company as he continues to develop strong relationships with key clients, hotel owners, and other stakeholders. Kattato has been a key member of the Essex team since he joined the company in 2003, most recently serving as Senior Vice President of Operations.
Overseas Highlights
IHG Hotels & Resorts and Grupo Poma, through its hotel division Real Hotels & Resorts, celebrated the opening of InterContinental Real Lima Miraflores and Hotel Indigo Lima Miraflores, sister properties located in Lima, Peru. InterContinental Real Lima Miraflores is a 21-story hotel with 321 rooms, including 29 suites, a signature Club InterContinental lounge, 11 multifunctional meeting rooms and over 950 square meters of space, and a stunning rooftop with lush gardens and the destination's largest outdoor hotel infinity pool. Hotel Indigo Lima Miraflores offers 76 rooms, including 10 suites, a rooftop pool and lounge, and versatile gathering spaces. The destination's newest culinary epicenter features five distinct concepts spread across both properties. Additionally, the property offers the Presence Spa and fitness centers.
Europe Highlights
Hyatt is bringing a new Thompson Hotel to Seville, Spain, in 2026. The 101-room hotel is expected to feature a restaurant, a rooftop bar, a pool, meeting rooms, a co-working space, and a gym. Thompson Seville will be Hyatt's fourth Thompson property in Europe.