Hyatt has opened Masana Algarve, the first Destination by Hyatt resort in Portugal. Located in Albufeira, the property features 33 high-end residences designed for coastal living. The launch is part of Hyatt’s goal to triple its Portuguese presence by 2027. The resort offers residents and guests upscale dining, a holistic spa and proximity to the region’s iconic cliffs and traditional fishing heritage.
Hyatt Hotels Corporation has announced that Executive Chairman Thomas J. Pritzker is retiring with immediate effect. Mr Pritzker will also leave the Board of Directors this May. Mark S. Hoplamazian, Hyatt’s President and CEO, has been appointed to succeed him as Chairman. The transition follows Pritzker’s forty-year career with the company, during which he oversaw significant global growth. Mr Hoplamazian will now lead the Board while continuing his duties as Chief Executive.
Hyatt Hotels Corporation has marked its latest expansion in Portugal with the opening of the Hyatt Regency Vilamoura Algarve. Following a full rebranding of the Dom Pedro Vilamoura, the hotel now offers 257 guestrooms and 21 suites designed with local Algarvian heritage in mind. Managed by DETAILS, the resort provides an upscale retreat for leisure and business guests near the town's famous marina and golden beaches.
Hyatt Hotels Corporation has launched its Unscripted by Hyatt brand on a global scale through a landmark agreement with Indochina Kajima. Six existing Wink hotels across Vietnam have joined the new portfolio, more than doubling Hyatt's footprint in the country from four to ten properties. These locations include major cities and emerging hubs such as Saigon, Danang, and Can Tho.
Hyatt Hotels Corporation has celebrated the reopening of Secrets Playa Mujeres Golf & Spa Resort following a significant refurbishment. The adults-only, AAA Four Diamond property has undergone a total transformation to its 424 suites and shared facilities. Located in a secure gated community near Cancun, the resort now features contemporary coastal interiors and a brand-new two-storey Preferred Club building.
Hyatt Hotels Corporation has finalised the $2 billion sale of its Playa real estate portfolio to Tortuga Resorts. The deal includes 14 all-inclusive properties across Mexico and the Caribbean. This move allows Hyatt to transition to a fully asset-light model for these locations while retaining long-term management rights. The transaction includes potential earnouts and a preferred equity stake for Hyatt. Proceeds will be used to reduce debt following the original acquisition of the assets.
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