Hyatt takes over Bahia Principe Hotels & Resorts in the DR
Jan 7, 2025 · The agreement brings 22 resorts totaling approximately 12,000 rooms, including 21 resorts under the Bahia Principe Hotels & Resorts brand located across the Dominican Republic, Mexico, Jamaica, and Spain, as well as the exclusive Cayo Levantado Resort in the Dominican Republic to Hyatt’s Inclusive Collection.
News Details
Dec 27, 2024 · Bahia Principe’s Chief Executive Officer Julio Pérez assumes leadership of the joint venture, with Grupo Piñero’s current Global Chief Executive Officer Encarna Piñero serving as Chairman of the Board. Izet Mahalbasic, Vice President Hotel Finance for Hyatt, will join the joint venture as Chief Financial Officer.
Hyatt and Grupo Piñero Announce Plans to Form Strategic …
Oct 28, 2024 · Hyatt plans to appoint Bahia Principe’s current Chief Executive Officer Julio Pérez as Chief Executive Officer to lead the management company following close, with Grupo Piñero’s current ...
Hyatt Newsroom - News Releases
Dec 27, 2024 · Hyatt and Grupo Piñero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt’s Existing All-Inclusive Portfolio
Hyatt & Bahia Principe Joint Venture For All-Inclusive Resorts
Dec 27, 2024 · Hyatt has formed a joint venture with Grupo Piñero, to take over management of Bahia Principe all-inclusive resorts. This consists of 23 properties in the Caribbean and Europe, and expands Hyatt’s all-inclusive room count by around 30%.
Hyatt’s all-inclusive resort offering to grow significantly with new ...
Oct 28, 2024 · The new Hyatt joint venture will own the Bahia Principe brand and manage Bahia Principe-branded hotels and resorts around the world. It also grows Hyatt's all-inclusive resort portfolio by 30%. Hyatt touted the "asset-light" nature of the deal, which means Hyatt won't own any of the real estate.
A $35 Million Renovation Has Given Bahia Principe Luxury …
Jan 29, 2024 · Eight months and $35 million went into transforming this Bavaro Beach all-inclusive mainstay. The December 1, 2023 reopening saw the introduction of the “Taino Soul,” a brand-new venture for Bahia Principe Hotels & Resorts.
Hyatt Adds 23 Bahia Principe Hotels & Resorts, Growing All …
Oct 28, 2024 · On Monday, Hyatt announced a 50/50 joint venture with Spanish company Grupo Piñero to own and manage the entire Bahia Principe brand of all-inclusive resorts. With the new deal, the hotel chain is slated to add 23 resorts – and over 12,000 rooms – to its all-inclusive portfolio, a room growth of approximately 30%.
Hyatt’s New Joint Venture Cements Its Lead In All-Inclusive
Oct 29, 2024 · ALL-IN: The Bahia Principe Fantasia Tenerife in Spain's Canary Islands is now part of the Hyatt family. A lready the global leader in all-inclusive resorts, Hyatt Hotels is once again doubling...
Hyatt finalizes Bahia Principe partnership, expanding all-inclusive ...
Dec 28, 2024 · The long-term strategic venture, based in Palma de Mallorca, Spain, will oversee Bahia Principe-branded properties. This exciting development will add 22 resorts and about 12,000 rooms to Hyatt's growing portfolio. Bahia Principe Hotels & Resorts are spread across Spain, the Dominican Republic, Jamaica and Mexico.