Hyatt’s newest brand to grow with the addition of celebrated Phoenix
hotel
CHICAGO--(BUSINESS WIRE)--
Hyatt
Hotels Corporation (NYSE: H) today announced that a wholly owned
subsidiary has entered into an agreement to purchase the 119-room Royal
Palms Resort and Spa. The transaction is expected to close in July
2016. The hotel will continue to be operated as the Royal Palms Resort
and Spa and will become affiliated with The Unbound Collection by Hyatt,
offering a rich history and sense of place that fits the brand’s promise
of creating story-worthy and shareable experiences for guests.
“The acquisition of the Royal Palms Resort and Spa shows our commitment
to growing this brand, as well as our commitment to guests as we aim to
create an increased presence in markets where we know they are
traveling,” said Steve Haggerty, global head, real estate and capital
strategy for Hyatt. “The Royal Palms Resort and Spa is an ideal fit for
The Unbound Collection by Hyatt given the hotel’s prominent positioning
in the market and its ability to create experiences for our guests. We
look forward to continuing to grow this brand globally in a strategic
and meaningful way.”
The Royal Palms Resort and Spa borders Scottsdale and Paradise Valley in
Arizona. It was opened in 1929 as the home of wealthy New York
financier, Delos Willard Cooke. Known as “El Vernadero” or the family’s
winter haven, the property drew immediate attention and became a beloved
local landmark known for its Mediterranean, Spanish colonial
architecture and luxurious landscaped grounds, using the famous
Camelback Mountain as a design focal point.
The Royal Palms Resort and Spa offers 119 oversized guestrooms, suites,
casitas and villas, as well as more than 21,000 square feet of
estate-like indoor and outdoor meeting space. Its world-class amenities
include the award-winning Alvadora Spa and the highly acclaimed T.Cook’s
restaurant, which features seasonal menus in an elegant and intimate
setting. The Alvadora Spa is designed with tranquil stone interiors, and
the outdoor treatment areas are set within lush, private courtyards. The
resort’s luxurious Desert Palm Pool includes cabanas, an outdoor lounge
and spa, and The Mix Up Bar and Desert Pool Side Café, which offers
creative cocktails and al fresco poolside dining. A two-story fitness
center overlooks the estate that includes an orange grove and
Tuscan-style gardens with stone fireplaces throughout.
The Unbound Collection by Hyatt launched in February 2016 and has since
grown to six properties offering story-worthy experiences, including the
newest addition of the Royal Palms Resort and Spa. Other properties in
the collection include The Confidante in Miami Beach, Miami; The
Driskill Hotel in Austin, Texas; the Hôtel du Louvre in Paris, France;
the Carmelo Resort & Spa in Carmelo, Uruguay; and the Coco Palms Resort
in Kauai, Hawaii, which is expected to undergo a revitalization and
re-open in spring 2018.
Each property in The Unbound Collection by Hyatt will maintain its
distinct character and the freedom to be extraordinary while providing
guests and owners Hyatt’s award-winning customer loyalty program, robust
operational and marketing resources and trusted, quality brand.
For more information about The Unbound Collection by Hyatt, click here.
The term “Hyatt” is used in the release for convenience to refer to
Hyatt Hotels Corporation and/or one or more of its affiliates.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global
hospitality company with a portfolio of 12 premier brands and 652
properties in 53 countries, as of March 31, 2016. The Company's purpose
to care for people so they can be their best informs its business
decisions and growth strategy and is intended to create value for
shareholders, build relationships with guests and attract the best
colleagues in the industry. The Company's subsidiaries develop, own,
operate, manage, franchise, license or provide services to hotels,
resorts, branded residences and vacation ownership properties, including
under the Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®,
Andaz®, Hyatt CentricTM, The Unbound Collection
by HyattTM, Hyatt Place®, Hyatt House®, Hyatt
ZivaTM, Hyatt ZilaraTM and Hyatt
Residence Club® brand names and have locations on six
continents. For more information, please visit www.hyatt.com.
Forward-Looking Statements
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Source: Hyatt Hotels Corporation