Hyatt has announced plans for affiliates of Hyatt and Grupo Piñero to enter into a long-term asset-light strategic joint venture, which will manage Bahia Principe-branded hotels and resorts and own the Bahia Principe brand.
Headquartered in Palma de Mallorca, Spain, the 50/50 joint venture is expected to expand Hyatt’s all-inclusive room portfolio by approximately 30% and enhance Hyatt’s position as one of the leading providers of…
