Hyatt Hotels Corporation
) recently announced back to back openings of two hotels, one in
China and the other one in Indonesia, both under the Hyatt
Regency brand. Both these Hyatt properties are expected to be
operational in 2017.
For its property in China, the company has entered into an
agreement with Beijing Lixing Property Development Co., Ltd.
Located in northeastern region of Beijing, Hyatt Regency Beijing,
Wangjing will include 349 guestrooms, a number of restaurants and
bars, event spaces, a fitness center, a spa, and a swimming pool.
The site also houses three high-end office buildings, retail
spaces, and a central park area, which when integrated with the
hotel will create a communal space for both business and
Hyatt Regency Beijing, Wangjing will be the third Hyatt-branded
hotel in the city, after Park Hyatt Beijing and Grand Hyatt
Apart from the Hyatt Regency Beijing, another Hyatt property that
is slated to open in 2017 is the Hyatt Regency hotel in Sentul
City, Indonesia. Located less than 25 miles south of Jakarta on
the border of the city of Bogor, the hotel has 225 rooms, an
outdoor pool, a spa and a meeting space. Similar to the Hyatt
Regency Beijing, this site will also feature retail mall space of
approximately 22,400 square meter and office space of 19,700
This hotel will mark the sixth Hyatt-branded hotel in Indonesia,
with the other five being Grand Hyatt Bali, Grand Hyatt Jakarta,
Hyatt Regency Bandung, Hyatt Regency Yogyakarta, and Hyatt
In a concerted effort to strengthen its portfolio, the hotelier
is trying to develop new properties in various countries under
different brands. Only last week, the company launched its
popular brand Hyatt Place hotel in Yerevan, Armenia in Asia.
Prior to that, the company came up with Hyatt Zilara Cancun, in
Other hoteliers are also in the fray, with a few of them a
focusing towards renovation and refurbishment to attract
customers. Recently, The Ritz-Carlton Hotel Company LLC, a
wholly-owned subsidiary of
Marriott International Inc.
) completed a $2 million renovation of its iconic spa resort, The
Ritz-Carlton Key Biscayne, Miami in Key Biscayne, Fla. Under the
remodeling project, the resort's spa fitness centre and salon
were upgraded. After the renovation, the hotel boasts a
combination of modern elegancy with an upscale spa facility, fine
dining, cultural venues and a wide tennis court.
The company presently has a Zacks Rank #3 (Hold). Some
better-ranked stocks in the hotels sector include
Choice Hotels International Inc.
Orient-Express Hotels Ltd.
), both with a Zacks Rank #2 (Buy).
CHOICE HTL INTL (CHH): Free Stock Analysis
HYATT HOTELS CP (H): Free Stock Analysis
MARRIOTT INTL-A (MAR): Free Stock Analysis
ORIENT EXP HOTL (OEH): Free Stock Analysis
To read this article on Zacks.com click here.