Hyatt House Makes Atlanta Debut - Analyst Blog
One of Hyatt Hotels Corporation 's ( H ) upscale brands, HYATT house, recently made its debut in Georgia with the opening of a hotel in Atlanta. Christened HYATT house Atlanta/Cobb Galleria - the new property was developed and unveiled by Noble Investment Group and Interstate Hotels & Resorts.
HYATT house Atlanta/Cobb Galleria is ideally positioned at the juncture of Cobb Galleria's Interstate-75 and Interstate-285 in Northwest Corridor, Atlanta. The hotel lies in close proximity to One Overton Park Galleria, Life University and Cobb Galleria Centre.
HYATT house Atlanta/Cobb Galleria featuring 149 guestrooms and suites, also has meeting space measuring 2,000 square feet. The resort will offer various other amenities like restaurants, swimming pools, spa and a fitness center.
Atlanta, the capital of Georgia, is home to the world's largest home improvement retailer, The Home Depot, Inc. ( HD ). Other big companies like IBM ( IBM ) and General Electric Company ( GE ) also have their offices here. Hence, Atlanta is of strategic importance for a hotel company as it is an important destination for business travelers. HYATT house Atlanta/Cobb Galleria, which is easily accessible from various corporate hubs and social centers, will likely create a strong guest base, going ahead.
Introduced in 2012, the company's HYATT house brand was previously known as Hyatt Summerfield Suites and Hotel Sierra. It comprises small-to-mid sized residential-type contemporary hotels. As of now, nearly 54 unique properties are currently under the HYATT house brand spread throughout 50 locations in the U.S.
HYATT house boasts prestigious hotels such as HYATT house Charlotte Airport, North Carolina, HYATT house Hartford North/Windsor, Connecticut and HYATT house Chicago/Naperville/Warrenville, Ill. As a part of the Hyatt group, these properties get to reap the benefits of its much greater scale in the industry.
Hyatt currently carries a Zacks Rank #3 (Hold).
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