Hyatt and Grupo Piñero form a joint venture to expand Hyatt's all-inclusive portfolio with 23 Bahia Principe-branded hotels.
Hyatt Hotels Corporation and Grupo Piñero are launching a 50/50 joint venture to manage and own Bahia Principe-branded hotels, headquartered in Palma de Mallorca, Spain. This partnership aims to expand Hyatt's all-inclusive portfolio by about 30%, adding 23 resorts and over 12,000 rooms. The deal will enhance Hyatt's global presence in the all-inclusive market and is expected to close soon, with Bahia Principe's CEO taking the lead role.
October 28, 2024
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