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Grand Hyatt Opens in Rio de Janeiro

Grand Hyatt Opens in Rio de Janeiro

CHICAGO—Hyatt Hotels Corporation has announced the opening of Grand Hyatt Rio de Janeiro in Brazil. Guests can enjoy its prime beachfront location in the exclusive Barra da Tijuca neighborhood and access to world-class shopping, dining, and cultural and outdoor activities. ...

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Marriott Reaffirms Commitment to Starwood Deal

Marriott Reaffirms Commitment to Starwood Deal

BETHESDA, Md.—Marriott International today reaffirmed its commitment to acquire Starwood Hotels & Resorts Worldwide, confident that the previously announced amended merger agreement is the best course for both companies. The combined company will offer stockholders significant equity upside and greater ...

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Clement Palo Alto Set to Open This Month

Clement Palo Alto Set to Open This Month

PALO ALTO, Calif.—The Clement Palo Alto is set to open this month with 23 one-bedroom suites. The Clement Palo Alto service includes personalized concierge services, breakfast, lunch, and dinner in an on-premise location of the guest’s choice. All wine, beer ...

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Thompson Miami Beach to Join Hyatt’s Unbound Collection

Thompson Miami Beach to Join Hyatt’s Unbound Collection

CHICAGO—Hyatt Hotels Corporation today announced that a wholly-owned subsidiary has entered into an agreement to purchase the 380-room Thompson Miami Beach hotel from an affiliate of Geolo Capital. The transaction is expected to close in late April, and the hotel ...

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New Starwood Offer Might Delay Marriott’s Ratings Momentum

New Starwood Offer Might Delay Marriott’s Ratings Momentum

NEW YORK—Fitch Ratings continues to see positive ratings momentum for Marriott International stemming from its planned merger with Starwood Hotels & Resorts. However, less creditor friendly financial terms associated with Marriott’s revised offer for Starwood increases execution risk and will ...

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