Hyatt recently signed an agreement to acquire Two Roads Hospitality, an international lifestyle hotel management company with a unique collection of distinctive brands, properties and a robust development pipeline around the globe.
Through the addition of Two Roads, its established lifestyle brands and the management agreements for the majority of its 85 properties in eight countries, Hyatt will expand its brand presence into 23 new markets while enhancing its offerings in lifestyle hotel experiences and wellbeing. With Two Roads and its distinctive collection of lifestyle hotels, resorts and vacation residences, Hyatt will offer an expanded and more powerful portfolio of brands with best-in-class offerings to deliver compelling experiences and benefits for guests and World of Hyatt members, expand its relationship with valued hotel owners, and drive growth for shareholders.
Hyatt plans to integrate Two Roads brands into the World of Hyatt program in 2019, expanding opportunities for members to earn and redeem points across more leisure-focused stay options. Two Roads properties are not participating in World of Hyatt at this time.
For more information, see Hyatt's press release here
The transaction is expected to close later this year. The term "Hyatt" is used in this communication for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
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