Hyatt and Grupo Piñero Enter Long-Term Joint Venture
CHICAGO, Illinois, and PALMA DE MALLORCA, Spain—Hyatt Hotels Corporation announced the completion of an agreement for affiliates of Hyatt and Grupo Piñero to enter a long-term joint venture, headquartered in Palma de Mallorca, Spain, which will manage Bahia Principe Hotels & Resorts-branded properties and own the Bahia Principe brand. The joint venture increases Hyatt’s all-inclusive portfolio. The agreement brings 22 resorts totaling approximately 12,000 rooms, including 21 resorts under the Bahia Principe Hotels & Resorts […]
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