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Hyatt continues acquisition streak with Two Roads Hospitality
By Jane Kitchen 10 Oct 2018
Carmel Valley Ranch in California, US, is a Joie de Vivre Hotel and part of the acquisition
In a move set to expand its offerings in lifestyle hotels and wellbeing, Hyatt Hotels will acquire Two Roads Hospitality – parent company of Alila, Destination, Joie de Vivre, Thompson and tommie brands – for a base price US$480m, with Hyatt potentially investing US$120m more.

Two Roads operates 85 properties in eight countries, and the acquisition will expand Hyatt’s brand presence into 23 new markets. The deal is expected to close later this year.

“Hyatt and Two Roads share a commitment to genuine care and delivering distinctive experiences to discerning travellers,” said Mark Hoplamazian, president and CEO of Hyatt. “We are pleased to be coming together, and are dedicated to learning from each other and taking the best of both organisations forward. Two Roads’ passionate team members, strong brands, global footprint and robust development pipeline will expand our lifestyle offerings and grow Hyatt’s brand presence in more places where our guests and World of Hyatt members want to travel. Importantly, combining Two Roads’ meaningful brand presence and development plans in Asia with Hyatt’s already strong position in this region will allow us to accelerate expansion in this critically important and fast-growing part of the world.”

Hyatt notably acquired wellness destination brand Miraval in early 2017, as well as US spa and fitness brand exhale in August 2017. It most recently named spa and wellness industry veteran Mia Kyricos as its senior vice president, global head of wellbeing.

Hyatt will also be host to the 2019 Global Wellness Summit, set to take place in October in Hong Kong.



News
1 to 12 of 7179 news stories
06 Dec 2019
On-demand massage service, Soothe, has rolled out CBD massages to customers in Southern California. The massage is available through the Soothe app to citizens of Los Angeles, Orange County, Inland Empire, Palm Springs and San ... More
06 Dec 2019
Architects Bertil Harström and Johan Krauppi have created a free-floating hotel on one of Sweden's longest rivers, with the micro-destination featuring a spa among its offerings. Owned and conceptualised by the architectural duo, the circular ... More
05 Dec 2019
The Global Wellness Summit (GWS) has announced the launch of its first podcast series, recorded live during the 2019 conference in Singapore. The 21-episode series features in-depth interviews with wellness speakers who attended the GWS ... More
04 Dec 2019
Victoria Beckham Beauty (VBB) has announced a partnership with stem-cell biomedical scientist, Prof Augustinus Bader. Originally from Germany, Bader is known for his eponymous skin-care range which uses patented stem-cell TFC8 technology, which took 30 ... More
03 Dec 2019
Four Seasons Hotel and Resorts has announced plans to add a fourth Mexican Resort – Four Seasons Resort and Residences Cabo San Lucas at Cabo Del Sol – which is slated to open in 2022. ... More
03 Dec 2019
HRH The Prince of Wales has officially opened Monart Destination Spa’s first UK property – The Monart Spa - Poundbury, in Dorset. Owned by the Griffin Group, the seven treatment room spa has been built ... More
03 Dec 2019
Amrit Resort & Residences – due to open on Singer Island, Florida in Spring 2020 – has named industry veteran David Erlich as co-general manager, spa division. Set on over seven acres of the Atlantic ... More
02 Dec 2019
Bernhard Mayer-Klenk, founder of spa supplier Kemitron GmbH, passed away on 6 November 2019 at age 78. Kemitron is a German company specialising in the development and manufacture of high-quality products for the sauna, spa ... More
29 Nov 2019
The Chedi Club Tanah Gajah Ubud resort, Bali, is undergoing a change of management and a rebrand, with the handover scheduled for 1 January 2020. Owned by Singapore-based General Hotel Management (GHM), the 20-villa-property will ... More
02 Dec 2019
English hotel collection, De Vere, has announced a partnership with JustBe Botanicals. Spas at De Vere Tortworth Court and De Vere Cotswold Water Park have been selected to include JustBe Botanicals’ product line and six ... More
28 Nov 2019
Anantara has recently launched its first Mauritian destination – Iko Mauritius Resort and Villas – on Le Chaland beach, Mauritius. Owned by Currimjee Jeewanjee & Co, the 164-bedroom property resort was created by Australia-based Ground ... More
27 Nov 2019
SHA Wellness Clinic has announced the second phase of an ambitious global expansion plan, with SHA Emirates at AlJurf in Abu Dhabi, UAE, in partnership with Abu Dhabi-based place-maker IMKAN. The property will be the ... More
     
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Jobs   News   Products   Magazine
NEWS
Hyatt continues acquisition streak with Two Roads Hospitality
POSTED 10 Oct 2018 . BY Jane Kitchen
Carmel Valley Ranch in California, US, is a Joie de Vivre Hotel and part of the acquisition
In a move set to expand its offerings in lifestyle hotels and wellbeing, Hyatt Hotels will acquire Two Roads Hospitality – parent company of Alila, Destination, Joie de Vivre, Thompson and tommie brands – for a base price US$480m, with Hyatt potentially investing US$120m more.

Two Roads operates 85 properties in eight countries, and the acquisition will expand Hyatt’s brand presence into 23 new markets. The deal is expected to close later this year.

“Hyatt and Two Roads share a commitment to genuine care and delivering distinctive experiences to discerning travellers,” said Mark Hoplamazian, president and CEO of Hyatt. “We are pleased to be coming together, and are dedicated to learning from each other and taking the best of both organisations forward. Two Roads’ passionate team members, strong brands, global footprint and robust development pipeline will expand our lifestyle offerings and grow Hyatt’s brand presence in more places where our guests and World of Hyatt members want to travel. Importantly, combining Two Roads’ meaningful brand presence and development plans in Asia with Hyatt’s already strong position in this region will allow us to accelerate expansion in this critically important and fast-growing part of the world.”

Hyatt notably acquired wellness destination brand Miraval in early 2017, as well as US spa and fitness brand exhale in August 2017. It most recently named spa and wellness industry veteran Mia Kyricos as its senior vice president, global head of wellbeing.

Hyatt will also be host to the 2019 Global Wellness Summit, set to take place in October in Hong Kong.

RELATED STORIES
FEATURE: The last word: Mia Kyricos


Home wellness is the future, says Hyatt’s global head of wellbeing
Mia Kyricos to head up Hyatt's global wellbeing strategy


International hotel group Hyatt Hotels Corporation has selected Mia Kyricos as its senior vice president, global head of wellbeing.
Hyatt to open 40,000sq ft exhale spa in Atlantic City casino resort


The first exhale spa to open since Hyatt acquired the brand last year will be in the Ocean Resort Casino, due to make its debut soon in Atlantic City, New Jersey. The 1,399- bedroom resort is part of The Unbound Collection by Hyatt, and will include a 40,000sq ft exhale spa with 31 treatment rooms and a 3,000sq ft bathhouse.
Global head of Miraval unveils plans for growth


Hyatt has plans to grow both Miraval and Exhale following its recent acquisition of the two wellness brands, with the hospitality giant investing another US$100m in Miraval by the end of this year, according to Marc Ellin, global head of Miraval Group, who spoke at the World Spa and Wellness Convention in London earlier this week.
MORE NEWS
Soothe announces roll-out of CBD massages
On-demand massage service, Soothe, has rolled out CBD massages to customers in Southern California.
Bathe under the midnight sun in Sweden’s new floating hotel and spa
Architects Bertil Harström and Johan Krauppi have created a free-floating hotel on one of Sweden's longest rivers, with the micro-destination featuring a spa among its offerings.
The motherload of wellness content: GWS launches podcasts
The Global Wellness Summit (GWS) has announced the launch of its first podcast series, recorded live during the 2019 conference in Singapore.
Stem-cell specialist Augustinus Bader collaborates with Victoria Beckham Beauty
Victoria Beckham Beauty (VBB) has announced a partnership with stem-cell biomedical scientist, Prof Augustinus Bader.
Four Seasons to expand luxury Mexico collection
Four Seasons Hotel and Resorts has announced plans to add a fourth Mexican Resort – Four Seasons Resort and Residences Cabo San Lucas at Cabo Del Sol – which is slated to open in 2022.
Prince Charles opens Monart’s first UK sister-site
Prince Charles has officially opened Monart Destination Spa’s first UK property – The Monart Spa - Poundbury, in Dorset.
+ More news   
 
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Global Project & Spa Advisory

The company was launched in 2012 by CEO Patrick Saussay and Christopher Ryan. [more...]
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07 Dec 2019

TRX Trainer Summit 2019

University of Nottingham, Nottingham, United Kingdom
08-09 Dec 2019

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A. ROMA Lifestyle Hotel, Roma, Italy
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