Chicago, Ill.-based leading global hotel chain, Hyatt
Hotels Corporation ( H ) recently unveiled a
Hyatt Place branded (upscale, select-service, contemporary
lifestyle hotel brand for modern travelers) property in Pensacola,
Fla. in association with Innisfree Hotels. Christened Hyatt Place
Pensacola Airport, the new property is the first Hyatt Place
branded property in Pensacola.
Ideally situated at the Pensacola Airport, Hyatt Place Pensacola
Airport is near to the Pensacola Beach and Gulf Islands National
Seashore. We expect the strategic position, wide range of amenities
offered at the 127-room hotel and its contemporary ambience to
create a strong guest base, going ahead.
Hyatt set a trend in hotel designs with Hyatt Place, which
spread its operations globally with 184 hotels since its launch in
Jun 2006. In its 7-year long journey, Hyatt Place has gained
immensely from its affordable pricing and guest satisfaction
scores, reflecting the brand's strength and growing popularity.
Hyatt already owns and operates 17 other Hyatt Place branded
properties in the State of Florida.
With improving economic condition, the hotel industry seems to
be gearing up in the U.S. With lower supply in the U.S., RevPAR is
improving on strong demand and continued higher pricing. In order
to capture such growing opportunity, Hyatt is consistently trying
to expand its coverage in the U.S. As of now, Hyatt owns as many as
387 properties exclusively in the U.S.
Several other hoteliers including Intercontinental
Hotels Group plc ( IHG ) and
Starwood Hotels & Resorts Worldwide Inc. ( HOT ) have introduced
similar contemporary lifestyle brand concepts like Hyatt Place.
These brands are Hotel Indigo and Aloft by Intercontinental Hotels
and Starwood, respectively.
Starwood currently carries a Zacks Rank #3 (Hold). Another hotel
stock worth looking into is Choice Hotels International
Inc. ( CHH
), which carries a Zacks Rank #2 (Buy).CHOICE HTL INTL (CHH): Free Stock Analysis
ReportHYATT HOTELS CP (H): Free Stock Analysis ReportSTARWOOD HOTELS (HOT): Free Stock Analysis
ReportINTERCONTL HTLS (IHG): Free Stock Analysis
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