Hyatt Hotels Corporation (H - Free Report) recently announced the opening of Hyatt Place London Heathrow/Hayes – a part of its mid-sized hotel chain, Hyatt Place–in the U.K. This marks the fourth Hyatt Place hotel in Europe after Hyatt Place Amsterdam Airport, Hyatt Place Jermuk and Hyatt Place Yerevan.
The brand’s global expansion reflects the success of the Hyatt Place service model as the brand continues to create value for guests and owners.
Additionally, the hotel is located in close proximity to the Heathrow Airport. It is easily accessible from Central London by trains and the historic towns of Oxford and Windsor. Such a strategic location should attract both business and leisure tourists.
The 170-room hotel will offer amenities like free Wi-Fi, and a complimentary breakfast for guests, including baked goods, fresh fruit, yogurt, juices, tea, and coffee. Further, the hotel includes a range of public spaces, such as Gallery Café, fitness spaces, meetings spaces, etc.
The European market for mid-range hotels has been performing well in the recent times and is gaining popularity among hoteliers. With the gradual economic recovery, the demand for such hotels is gradually increasing. Therefore, major hotel companies are striving to cater to rising demand and are implementing rapid expansion strategies for their mid-range brands.
Hyatt currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the same sector are Intrawest Resorts Holdings, Inc. , China Belmond Ltd. (BEL - Free Report) and Marriott Vacations Worldwide Corp. (VAC - Free Report) . While Intrawest Resorts and China Belmond sport a Zacks Rank #1 (Strong Buy), Marriott Vacations Worldwide has a Zacks Rank #2 (Buy).
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