Originally Posted by
platbrownguy
I thought this whole thing was the result of Hyatt's deal for the former Rio, which is being redone into a new property with 4 Hyatt-affiliated hotels. My understanding was that to get investors to agree to such a big project off-strip, Hyatt agreed to ditch its MGM partnership. My hunch is that the terms of that deal make the new Rio the exclusive Hyatt-affiliated properties. So I think Hyatt is likely out entirely for the time being.
Out of curiosity, where did you see/hear anything that specific for four hotels? The only press hints were the initial release saying “multiple” Hyatt properties including the Ipanema Building becoming a Hyatt Regency following renovations, with other brands TBD. I believe Rio will initially join as an independent collection property while the first renovations take place, which will be in the Ipanema Tower one floor at a time with a decommissioned buffer floor on either side to minimize noise impact on guests. That alone will take 18 months before they move on to the Masquerade Tower, so it’ll be a while before we see any official Hyatt branding - assuming that’s even still going through beyond the affiliation with the group as the Rio is rebranding from Rio All-Suites to Rio Hotel & Casino to bank on their historic name.
All this said, I really want to see Hyatt ratchet it up as they’re down big time compared to all the other hospitality chains, all of which have stronger and more appealing presences in this market [specifically Marriott and MGM, Hilton with Resorts World, and IHG with the Venetian and Palazzo].
khabah