Please ensure Javascript is enabled for purposes of website accessibility

Hyatt Plans Major Openings Under Its "Independent Collection" Brands

By Rhian Hunt - Updated Mar 3, 2021 at 4:53PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The diverse group of hotels and resorts are in destinations ranging from Florida to China, Sweden, and Canada.

Looking to increase its presence in popular destinations around the planet, Hyatt Hotels (H -4.46%) said today it's working on expanding its lineup of so-called "independent collection" brands. While several will be built in the U.S., most will be in other countries.

The three independent collection brands are Destination by Hyatt, the Unbound Collection by Hyatt, and the JdV by Hyatt (for Joie de Vivre). As is typical for these brands, the hotels each have their own specific focus and may be resorts as well.

Many are clearly aimed at the tourist trade, which sustained heavy losses during 2020 as governments closed down borders or otherwise restricted travel in response to the pandemic. The Hyatt press release notes, in somewhat florid language, that many of the new locations will be designed for "encouraging unique discovery of the local culture or history of the hotel's location, truly illustrating the spirit of these three distinct brands."

The seaside in Biarritz, France, with the Hotel du Palais against a blue sky dotted with cumulus clouds.

The Hotel du Palais, the former seaside palace of Napoleon III in Biarritz, France, will be part of Hyatt's new collection of resorts. Image source: Getty Images.

Hyatt lists 17 hotels it plans to open in 2021 under this new initiative. Five of these will be in the United States: three in California, one in South Carolina, and one in West Palm Beach, Florida.

Internationally, hotels will open in France, Canada, China, Sweden, and Mexico, with Sweden, Canada, and China each seeing the ribbon cut on multiple new facilities. Underlining the tourist and luxury focus, Hyatt says one of the Chinese hotels "is connected by a private path to an unrestored section of the Great Wall," while the single French hotel is the restored Hotel du Palais in Biarritz, originally a seaside summer palace built by Emperor Napoleon III.

The company plans to continue its expansion binge through 2025. During the recent fourth-quarter earnings conference call, Hyatt said it reached 5.2% net growth in rooms during 2020 despite COVID-19, with the Asia-Pacific region at the forefront of openings.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Hyatt Hotels Corporation Stock Quote
Hyatt Hotels Corporation
H
$79.03 (-4.46%) $-3.69

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
349%
 
S&P 500 Returns
122%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/19/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.