Builds on strategic collaboration with German
Lindner Hotel Group, with plans to increase footprint of
fast-growing upscale brand me and all hotels as part of Hyatt’s
lifestyle portfolio
Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt
affiliate has acquired the me and all hotels brand from Lindner
Hotels AG (Lindner) to unlock growth in new European markets and
build on Hyatt’s strong momentum in the region. This move builds on
the successful strategic collaboration that Hyatt and Lindner
entered into in 2022, which significantly increased Hyatt’s brand
footprint in Germany and Europe, with the subsequent integration of
most Lindner Hotels & Resorts and me and all hotels into the
World of Hyatt loyalty program. Following the transaction, me and
all hotels, which is currently a nested brand within Hyatt’s JdV by
Hyatt brand, will become a standalone brand within Hyatt’s global
lifestyle portfolio, which has quintupled in rooms between 2017 and
the end of 2023.
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me and all hotel hanover (Photo: Business
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Since launching in 2016 as Lindner Hotels & Resorts’ urban
lifestyle sister brand, the me and all hotels portfolio has grown
to six hotels and 1,000+ rooms in central city locations across
Germany, which are currently included in Hyatt’s inventory. The
brand has a healthy pipeline, combining conversions and new builds
in key destinations including Berlin (slated to open in 2024),
Hamburg, Leipzig and Stuttgart (all expected to open in 2026).
Hyatt’s pipeline includes 1,000 me and all hotel rooms, with
additional development deals in various stages of negotiation for
destinations outside of Germany. The me and all hotels brand
combines outstanding guest satisfaction with a conversion-friendly
development model in the desirable upscale lifestyle space,
positioning it for scale and accelerated expansion across Europe
and beyond.
“The Lindner team has built an incredible brand with me and all
hotels, and we believe the brand has great potential for expansion
across Europe and other global markets,” said Felicity
Black-Roberts, SVP Development EAME, Hyatt. “Our collaboration with
Lindner was a significant step forward for our distribution in the
EAME region, expanding our brand footprint and offering many new
locations to our 46 million World of Hyatt members. We look forward
to driving further growth for Hyatt’s lifestyle portfolio with me
and all hotels – together with Lindner as well as other development
partners and franchisees, across Europe and beyond.”
“We are thrilled to deepen our successful collaboration and
shift into high-growth gear for me and all hotels, backed by
Hyatt’s global distribution engine,” said Arno Schwalie, Chief
Executive Officer, Lindner. “The combination of the successful work
we have done to launch and position the brand in Germany, its
vibrant pipeline, and the potential for growth as part of Hyatt
makes us confident that what has become a beloved lifestyle brand
in Germany will soon shine on the global stage.”
me and all hotels combine central locations, urban design,
leading-edge technology and vibrant public spaces. With casual
flair, they appeal especially to city and business travelers as
well as urban locals by enabling both social interaction and
productive co-working sessions. Local heroes from the areas of
gastronomy, music, art and start-ups provide constantly new,
individual experiences with pop-up kitchens, a wide variety of
events and sustainable products.
The transaction closed on June 28, 2024.
The term “Hyatt” is used in this release for convenience to
refer to Hyatt Hotels Corporation and/or one or more of its
affiliates.
About Hyatt Hotels
Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company guided by its purpose – to care for
people so they can be their best. As of March 31, 2024, the
Company's portfolio included more than 1,300 hotels and
all-inclusive properties in 78 countries across six continents. The
Company's offering includes brands in the Timeless Collection,
including Park Hyatt®, Grand Hyatt®, Hyatt
Regency®, Hyatt®, Hyatt Vacation Club®, Hyatt
Place®, Hyatt House®, Hyatt Studios, and
UrCove; the Boundless Collection, including Miraval®,
Alila®, Andaz®, Thompson Hotels®, Dream®
Hotels, Hyatt Centric®, and Caption by Hyatt®;
the Independent Collection, including The Unbound Collection by
Hyatt®, Destination by Hyatt®, and JdV by Hyatt®;
and the Inclusive Collection, including Impression by
Secrets, Hyatt Ziva®, Hyatt Zilara®, Zoëtry®
Wellness & Spa Resorts, Secrets® Resorts & Spas,
Breathless Resorts & Spas®, Dreams® Resorts &
Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels
& Resorts®, and Sunscape® Resorts & Spas.
Subsidiaries of the Company operate the World of Hyatt® loyalty
program, ALG Vacations®, Mr & Mrs Smith™, Unlimited Vacation
Club®, Amstar DMC destination management services, and Trisept
Solutions® technology services. For more information, please visit
www.hyatt.com.
About me and all hotels
me and all hotels, a boutique lifestyle brand created by the
Lindner Hotel Group, are designed for city and business travelers
as well as urban locals. With an urban, casual, and informal vibe,
the hotels emphasize sustainability. They offer a vibrant
atmosphere where living, working, and communication converge. The
heart of each hotel features a seamless fusion of check-in, bar,
lounge, and co-working spaces. Their design blends professionalism,
individuality, luxury, and coziness with cutting-edge technology.
Through the "local heroes" concept, local partners in gastronomy,
music, art, sports, and startups deliver unique experiences such as
pop-up kitchens, diverse events, and sustainable products. Me and
all hotels are centrally located in Duesseldorf, Mainz, Hanover,
Kiel, and Ulm. Further information: https://meandallhotels.com/
About Lindner Hotels AG
As the Lindner Hotel Group, Lindner Hotels AG operates 34 hotels
under four distinct brands in eight European countries and the USA.
Six further hotels are currently in construction or being realized.
The group employs around 2,500 people and expects to generate sales
of around 330 million euros in 2024.
The Lindner Hotel Group operates Lindner Hotels & Resorts
and me and all hotels, which have been part of JdV by Hyatt since
2022. The affiliation strengthens the company's international
growth and is also part of the World of Hyatt loyalty program,
which offers guests access to a global range of personalized
experiences.
Since May 2024, Lindner Hotel Group has taken over exceptional
vacation hotel properties and expanded its brand portfolio to
include the 7Pines Hotels & Resorts brand. 7Pines Resort Ibiza,
7Pines Resort Sardinia, and SCHLOSS Roxburghe in Scotland are part
of Destination by Hyatt, a collection of independent hotels with
individual designs that harmonize with their surroundings.
Arno Schwalie is Chairman of the Board and CEO of Lindner Hotels
AG, founded in 1973 by architect Otto Lindner and is still
family-owned. Together with Stefanie Brandes (COO) and Frank
Lindner (CTO), he forms the Management Board of Lindner Hotels
AG.
Further information: www.lindnerhotelgroup.com
Forward-Looking
Statements
Forward-Looking Statements in this press release, which are not
historical facts, are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. These
statements include statements about our plans, strategies, outlook,
occupancy, the amount by which the Company intends to reduce its
real estate asset base, the expected amount of gross proceeds from
the sale of such assets, and the anticipated timeframe for such
asset dispositions, the number of properties we expect to open in
the future, pace and booking trends, the expected timing and
payment of dividends, RevPAR trends, our expected Adjusted G&A
Expense, our expected capital expenditures, our expected net rooms
growth, our expected system-wide RevPAR, our expected one-time
integration-related expenses, financial performance, prospects or
future events and involve known and unknown risks that are
difficult to predict. As a result, our actual results, performance
or achievements may differ materially from those expressed or
implied by these forward-looking statements. In some cases, you can
identify forward-looking statements by the use of words such as
"may," "could," "expect," "intend," "plan," "seek," "anticipate,"
"believe," "estimate," "predict," "potential," "continue,"
"likely," "will," "would" and variations of these terms and similar
expressions, or the negative of these terms or similar expressions.
Such forward-looking statements are necessarily based upon
estimates and assumptions that, while considered reasonable by us
and our management, are inherently uncertain. Factors that may
cause actual results to differ materially from current expectations
include, but are not limited to: general economic uncertainty in
key global markets and a worsening of global economic conditions or
low levels of economic growth; the rate and pace of economic
recovery following economic downturns; global supply chain
constraints and interruptions, rising costs of construction-related
labor and materials, and increases in costs due to inflation or
other factors that may not be fully offset by increases in revenues
in our business; risks affecting the luxury, resort, and
all-inclusive lodging segments; levels of spending in business,
leisure, and group segments, as well as consumer confidence;
declines in occupancy and average daily rate; limited visibility
with respect to future bookings; loss of key personnel; domestic
and international political and geopolitical conditions, including
political or civil unrest or changes in trade policy; hostilities,
or fear of hostilities, including future terrorist attacks, that
affect travel; travel-related accidents; natural or man-made
disasters, weather and climate-related events, such as earthquakes,
tsunamis, tornadoes, hurricanes, droughts, floods, wildfires, oil
spills, nuclear incidents, and global outbreaks of pandemics or
contagious diseases, or fear of such outbreaks; our ability to
successfully achieve certain levels of operating profits at hotels
that have performance tests or guarantees in favor of our
third-party owners; the impact of hotel renovations and
redevelopments; risks associated with our capital allocation plans,
share repurchase program, and dividend payments, including a
reduction in, or elimination or suspension of, repurchase activity
or dividend payments; the seasonal and cyclical nature of the real
estate and hospitality businesses; changes in distribution
arrangements, such as through internet travel intermediaries;
changes in the tastes and preferences of our customers;
relationships with colleagues and labor unions and changes in labor
laws; the financial condition of, and our relationships with,
third-party owners, franchisees, and hospitality venture partners;
the possible inability of third-party owners, franchisees, or
development partners to access the capital necessary to fund
current operations or implement our plans for growth; risks
associated with potential acquisitions and dispositions and our
ability to successfully integrate completed acquisitions with
existing operations; failure to successfully complete proposed
transactions (including the failure to satisfy closing conditions
or obtain required approvals); our ability to successfully execute
our strategy to expand our management and hotels services and
franchising business while at the same time reducing our real
estate asset base within targeted timeframes and at expected
values; our ability to maintain effective internal control over
financial reporting and disclosure controls and procedures;
declines in the value of our real estate assets; unforeseen
terminations of our management and hotels services or franchise
agreements; changes in federal, state, local, or foreign tax law;
increases in interest rates, wages, and other operating costs;
foreign exchange rate fluctuations or currency restructurings;
risks associated with the introduction of new brand concepts,
including lack of acceptance of new brands or innovation; general
volatility of the capital markets and our ability to access such
markets; changes in the competitive environment in our industry,
industry consolidation, and the markets where we operate; our
ability to successfully grow the World of Hyatt loyalty program and
Unlimited Vacation Club paid membership program; cyber incidents
and information technology failures; outcomes of legal or
administrative proceedings; and violations of regulations or laws
related to our franchising business and licensing businesses and
our international operations; and other risks discussed in the
Company's filings with the SEC, including our annual reports on
Form 10-K and quarterly reports on Form 10-Q, which filings are
available from the SEC. All forward-looking statements attributable
to us or persons acting on our behalf are expressly qualified in
their entirety by the cautionary statements set forth above. We
caution you not to place undue reliance on any forward-looking
statements, which are made only as of the date of this press
release. We do not undertake or assume any obligation to update
publicly any of these forward-looking statements to reflect actual
results, new information or future events, changes in assumptions
or changes in other factors affecting forward-looking statements,
except to the extent required by applicable law. If we update one
or more forward-looking statements, no inference should be drawn
that we will make additional updates with respect to those or other
forward-looking statements.
HHC-FIN
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version on businesswire.com: https://www.businesswire.com/news/home/20240628924710/en/
Franziska Weber Hyatt franziska.weber@hyatt.com Birgit G�rtz
Lindner / me and all hotels birgit.goertz@dz-con.de
Hyatt Hotels (NYSE:H)
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