The designs presented in this volume offer a wide and varied vision of the latest trends in bar and restaurant design, selected from the most cutting-edge, wining-and-dining hotspots in the world. With ...
Hotel giant also says buying a brand a possibility
Hyatt Hotels Corp. is scouting for acquisition opportunities as it seeks to expand its comparatively limited reach in the world's biggest cities, The Wall Street Journal reports. Hyatt, which became a public company last fall, wants to add hotels—either by buying properties or gaining new management contracts—in such major cities as London, Paris and New York.
"We do believe there will be opportunities to acquire properties or maybe even a brand at some point," Hyatt ceo Mark Hoplamazian told the Journal Monday in an interview as Hyatt prepared to open a 253-room Andaz boutique luxury hotel in downtown Manhattan, the company's second property in New York. "In terms of our [acquisition] outlook, it's going to depend on what's out there in the market."
Chicago-based Hyatt also has the financial wherewithal to expand, including a net debt of just $100 million ($1.3 billion of cash against $1.4 billion of debt) and a $1.5 billion credit line. "We will look for—and are always open to—opportunities in the resort sector," Hoplamazian noted. "Same with convention hotels. As for business hotels, our focus remains on the key gateway centers across the world."
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