Hyatt Place's Third Opening in Houston - Analyst Blog


In collaboration with New Horizons Hospitality, a developer and operator of hotels, Hyatt Hotels Corporation ( H ) recently unveiled a hotel at The Woodlands, Houston under its Hyatt Place brand. This is the third Hyatt Place hotel in Houston.

The hotel features 146 rooms with various luxury amenities, a meeting space spread over an area of 6,100 square feet, a fitness center and a bar.

The Woodlands is a fast growing community in Houston with popular restaurants and entertainment venues located close to it. The hotel is near to Woodlands Mall, Market Street, Woodlands Waterway and corporate campuses, which makes it easily accessible for both business and leisure travelers. The strategic positioning of the hotel will likely create a strong guest base, going ahead and justifies the company's decision to expand in the region.

Hyatt is making back to back openings in urban, suburban, airport, convention and resort destinations worldwide under its various brands. Recently, the hotelier unveiled a Hyatt Regency-branded property in Phuket, Thailand in association with a local real estate company - Kamala Bay Ventures.

Given the competitive scenario, it is difficult for hoteliers to survive without making new openings at attractive locations. As a result, other hoteliers in the industry are also working on their properties to offer an advanced and customized travel experience. Recently, Marriott International, Inc. ( MAR ) unveiled the tallest hotel in Manhattan, N.Y. in North America. This 68 storey Marriot property is a combination of its two brands, Courtyard and Residence Inn.

Hyatt holds a Zacks Rank #2 (Buy). Other players in the hotels sector, which look attractive at current levels, include Wyndham Worldwide Corporation ( WYN ) and Starwood Hotels & Resorts Worldwide Inc. ( HOT ). Both these stocks carry the same Zacks Rank as Hyatt.

HYATT HOTELS CP (H): Free Stock Analysis Report

STARWOOD HOTELS (HOT): Free Stock Analysis Report

MARRIOTT INTL-A (MAR): Free Stock Analysis Report

WYNDHAM WORLDWD (WYN): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: H , HOT , MAR , WYN

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