Back to top

Analyst Blog

An affiliate of Chicago, Illinois-based Hyatt Hotels Corporation (H - Snapshot Report) recently inked a management agreement with Societe d’Aménagement et de Promotion de la Station de Taghazout (SAPST) to unveil a hotel, Hyatt Place Taghazout, under Hyatt Place-brand in Taghazout, Morocco.

The new hotel, which is scheduled to open in late 2014, will be the first Hyatt Place-branded hotel in Morocco. However, the company already owns a Hyatt Regency-branded hotel, Hyatt Regency Casablanca in Morocco.

SAPST will be the developer and owner of this new hotel. The property will feature 150 luxurious guest rooms along with various other amenities. Its location – in the Taghazout Bay – and close proximity to Agadir city on Morocco’s Atlantic Coast will enable the hotel to attract business as well as leisure travelers.

Hyatt Place Taghazout will include a Moroccan spa, a retail center, an 18-hole golf course, a golf club house, as well as a surf camp.

Apart from the new hotel, there is another Hyatt-branded hotel under construction in Morocco – Park Hyatt Marrakech, which is slated to open in 2013.

Hyatt Place is an upscale select service brand of Hyatt Hotel, which offers wide range of services in a high-tech and modern environment. Earlier this month, the company opened two Hyatt Place-branded hotels – Hyatt Place Los Angeles/LAX/El Segundo in El Segundo, United States and Hyatt Place Hampi in Karnataka, India.

Hyatt Hotels also plans to open a Hyatt Place-branded hotel in Bangkok - Hyatt Place Bangkok, Sukhumvit in collaboration with a local real estate firm, Pioneer Property Company Limited (PPC). The new property is slated to open for business in 2017.

Hyatt Hotels’ major rivals, Starwood Hotels & Resorts Worldwide Inc. (HOT - Analyst Report) and Marriott International Inc. (MAR - Analyst Report), are also expanding their portfolios worldwide. Last week, Starwood Hotels declared that it is set to unveil an Aloft property named Aloft Tampa Downtown in Tampa, Florida in association with the Liberty Group.

Hyatt Hotels Corporation carries a Zacks #4 Rank (short-term Sell rating).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ERBA DIAGNO… ERB 3.00 +3.09%
SANCHEZ ENE… SN 34.18 +2.67%
THE PANTRY… PTRY 21.02 +2.09%
INTEL CP INTC 35.15 +1.88%
PIPER JAFFR… PJC 54.54 +1.70%