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
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.”
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.
“We want our future sports centre to act as a co-location for health and wellbeing services, furthering our connections with GP referrals and digital health platforms”
Members are telling us they need support with their mental and spiritual health and the industry is starting to see this need. Now’s the time to fast-track our response
Study Active has legally acquired the name “Premier Global” and select Premier Global
branding assets from Assessment Technologies Institute LLC, part of Ascend Learning in the
US.
“We combine Power Plate and red light therapy in all our small group classes,” says Natt
Summers, founder and owner of Accomplish Fitness in Hungerford, Berkshire.
Zoom Media, the UK's leading provider of health and fitness digital media, has announced a
new contract with Fitness4Less to deliver Out of Home advertising across its estate.
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
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.”
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.
“We want our future sports centre to act as a co-location for health and wellbeing services, furthering our connections with GP referrals and digital health platforms”
Members are telling us they need support with their mental and spiritual health and the industry is starting to see this need. Now’s the time to fast-track our response
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Study Active has legally acquired the name “Premier Global” and select Premier Global
branding assets from Assessment Technologies Institute LLC, part of Ascend Learning in the
US.
“We combine Power Plate and red light therapy in all our small group classes,” says Natt
Summers, founder and owner of Accomplish Fitness in Hungerford, Berkshire.
Zoom Media, the UK's leading provider of health and fitness digital media, has announced a
new contract with Fitness4Less to deliver Out of Home advertising across its estate.