Hyatt Hotels Corporation
) recently declared the opening of a Hyatt Place branded hotel in
El Segundo, United States in collaboration with OTO Development.
The new property named Hyatt Place Los Angeles/LAX/El Segundo is
the first Hyatt Place branded hotel in the region.
The Hyatt Place will feature 143 guest rooms and 1,000 square
feet of meeting space along with many other amenities including
free Wi-Fi, Intimate Bakery Café, 24/7 Guest Kitchen and
complimentary a.m. Kitchen Skillet. General Manager Jacob
Vanderwiel and Director of Sales Wilma David are in charge of
managing the hotel.
Positioned near the Metro Rail Green Line Mariposa/Nash
station and Los Angeles International Airport, El Segundo is an
economic hub. The hotel will benefit hugely from its strategic
location and will be an integral part of the mixed-use office,
retail and urban park environment.
Hyatt Place is an upscale select service brand of Hyatt Hotel,
which offers a wide range of services in a high-tech and modern
environment. During the third quarter of 2012, the company opened
two hotels in United States under this brand, Hyatt Place Delray
Beach, in Florida and Hyatt Place San Diego/Vista-Carlsbad in
Northern San Diego.
Further, in early December this year, the company announced
that it has agreed to open a Hyatt Place branded hotel in Bangkok
in association with a local real estate firm Pioneer Property
Company Limited (PPC). The new property named Hyatt Place
Bangkok, Sukhumvit is slated to open for business in 2017.
Hyatt Hotels' major rivals--
Starwood Hotels & Resorts Worldwide Inc.
Marriott International Inc.
) -- are also broadening their portfolio worldwide.
We presently have a long-term Neutral recommendation on the
company's stock. However, the company carries a Zacks #4 Rank
(short-term Sell rating).
HYATT HOTELS CP (H): Free Stock Analysis
STARWOOD HOTELS (HOT): Free Stock Analysis
MARRIOTT INTL-A (MAR): Free Stock Analysis
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