In collaboration with Hegg Companies, leading global hotel
Hyatt Hotels Corporation
) recently unveiled a property under the Hyatt Place brand in
Lincoln, Neb. Christened Hyatt Place Lincoln/Downtown-Haymarket,
the new hotel is the second Hyatt Place-branded property in the
Lincoln, the capital of Nebraska, is a fast growing city
boasting a university, popular restaurants and entertainment
venues. Strategically positioned on Q Street at West Haymarket,
the hotel is near to Pinnacle Bank Arena and the Railyard
Entertainment Center. We expect the strategic position, wide
range of amenities offered at the 111-room hotel and contemporary
ambience to create a strong guest base, going ahead.
Hyatt set a trend in hotel designs with the Hyatt Place brand,
which spread its operations globally with 180 hotels since its
launch in Jun 2006. In its 8-year long journey, the upscale,
select-service, contemporary lifestyle hotel brand designed for
modern travelers has gained immensely from its affordable pricing
and guest satisfaction scores, reflecting the brand's strength
and growing popularity.
The company continues to expand the brand's presence in the
domestic market. Other Hyatt Place properties were recently
opened in Puerto Rico, Costa Rica and India. In Jan 2014, the
company opened a Hyatt Place branded hotel in Houston, Texas.
Several other hoteliers including
InterContinental Hotels Group plc
Starwood Hotels & Resorts Worldwide Inc.
) have also introduced similar contemporary lifestyle brand
concepts like Hyatt Place. These brands are Hotel Indigo and
Aloft by InterContinental Hotels and Starwood, respectively.
Hyatt currently has a Zacks Rank #3 (Hold). A better-ranked
stock in the hotel industry is
Marriott International, Inc.
) with a Zacks Rank #2 (Buy).
HYATT HOTELS CP (H): Free Stock Analysis
STARWOOD HOTELS (HOT): Free Stock Analysis
INTERCONTL HTLS (IHG): Free Stock Analysis
MARRIOTT INTL-A (MAR): Free Stock Analysis
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