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Rio Las Vegas becoming "multiple Hyatt full-service" properties

Rio Las Vegas becoming "multiple Hyatt full-service" properties

Old Mar 18, 21, 8:10 am
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Rio Las Vegas becoming "multiple Hyatt full-service" properties

An interesting development in LV - multiple full service properties co-locating, including a Hyatt Regency to start with.

Lots of possibilities for the (at least one other) brand. Thompson seem to be the brand of the moment in general... although I'm not sure how well it would get with a Hyatt Regency (more Grand Hyatt territory?).

Hyatt Flags to Fly in Las Vegas

Following a multi-phase renovation led by Dreamscape Companies, the Rio Las Vegas will be repositioned to multiple Hyatt full-service offerings, starting with a Hyatt Regency hotel

CHICAGO (March 18, 2021) Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into franchise agreements with an affiliate of Dreamscape Companies LLC, which will lead the renovation of the Rio Las Vegas. The multi-phase project is expected to bring multiple Hyatt full-service offerings to Las Vegas, one of the most visited leisure, group, and convention markets in the world, in the renovated Rio hotel.

“We are thrilled that Dreamscape will help us bring multiple Hyatt full-service brands to Las Vegas, starting with a Hyatt Regency hotel, which we believe will deliver on the Hyatt Regency brand promise of creating meaningful connections in modern spaces designed for sharing, socializing, and collaborating,” said Kimo Bertram, Hyatt’s vice president of real estate and development. “We know Las Vegas is an important destination for our guests, World of Hyatt members, and customers, and this project is a significant step for Hyatt as we continue to grow our brands in markets that matter most to our loyal travelers.”

The more than 2,510-room Rio Las Vegas will be renovated and rebranded into multiple Hyatt full-service brand flags, and will undergo a redevelopment of the current public spaces, including gaming, retail, food and beverage, spa and fitness, and pool recreation deck. In addition, the Rio Las Vegas will undergo a renovation of one of the hotel’s existing towers, and upon completion, the tower is expected to become a 1,501-room Hyatt Regency hotel with standard guestrooms averaging 580 square feet. The remainder of the Rio’s guestrooms are expected to be branded or affiliated with one or more other Hyatt full-service brands after they are renovated. Beyond redefining the hotel experience for business travelers and leisure guests, the Hyatt Regency hotel and other Hyatt-affiliated hotels will welcome meetings and event business with more than 220,000 square feet of function space and state-of-the-art meeting facilities.

“At Dreamscape, our goal is to acquire assets that drive long-term financial and cultural value, and we are very excited to team up with Hyatt on this project,” said Eric Birnbaum, Dreamscape’s founder and CEO. “The Rio Las Vegas is the perfect space to create the ultimate multipurpose venue in Las Vegas, and we are thrilled to work with the Hyatt team to revitalize the property.”

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
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Old Mar 18, 21, 9:27 am
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Will this be the end of the Hyatt MGM relationship?
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Old Mar 18, 21, 9:30 am
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Originally Posted by Troopers View Post
Will this be the end of the Hyatt MGM relationship?
Hope they continue having the relationship with Mlife....
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Old Mar 18, 21, 9:35 am
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Originally Posted by Troopers View Post
Will this be the end of the Hyatt MGM relationship?
So far it seems like it's staying intact... but who knows what will happen once this actually gets off the ground. I would guess that MGM wouldn't be too thrilled about having Hyatt as a competitor, especially if they're opening multiple properties in one location and positioning themselves at different levels. But it does add a pretty big sales channel for MGM, so they might be OK just living with it, at least initially.

As a Globalist, assuming you don't have to pay resort fees at the Hyatt Regency (/whatever other property they add in) and get the other perks like free breakfast, suite upgrades, club access, then unless there's a big price differential it would make it difficult to justify staying at other properties.
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Old Mar 18, 21, 9:37 am
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Originally Posted by Troopers View Post
Will this be the end of the Hyatt MGM relationship?
Originally Posted by lAzyTraveler View Post
Hope they continue having the relationship with Mlife....
mgm mlife means no elite benefits or resort waiver or breakfast
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Old Mar 18, 21, 10:12 am
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Originally Posted by myperks View Post
mgm mlife means no elite benefits or resort waiver or breakfast
I would rather stay on strip at Bellgio/Aria under current MGM Mlife relationship then at the Rio Hyatt with elite benefits.
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Old Mar 18, 21, 10:15 am
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Originally Posted by myperks View Post
mgm mlife means no elite benefits or resort waiver or breakfast
I like some of those Mlife hotels like Aria, Bellagio and Delano. I also get FREEPLAY and resort credits booking through Mlife.
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Old Mar 18, 21, 11:20 am
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Each time I'm in Vegas I think, "Hey, the Rio looks interesting. I should wander over there and look around.", and yet, I've never wandered over there.

I'm not sure globalist benefits would motivate me to stay away from the strip.

I don't even hop around from casino to casino very much, but I have some sort of psychological block with crossing 15.
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Old Mar 18, 21, 11:30 am
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Originally Posted by HoustonConsultant View Post
Each time I'm in Vegas I think, "Hey, the Rio looks interesting. I should wander over there and look around.", and yet, I've never wandered over there.

I'm not sure globalist benefits would motivate me to stay away from the strip.

I don't even hop around from casino to casino very much, but I have some sort of psychological block with crossing 15.
"Oh no - that's the other side..."

David
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Old Mar 18, 21, 11:32 am
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One does not wander to the Rio.
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Old Mar 18, 21, 11:34 am
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Originally Posted by Troopers View Post
I would rather stay on strip at Bellgio/Aria under current MGM Mlife relationship then at the Rio Hyatt with elite benefits.
does it matter? It’s not like someone that stays at Bellagio/Aria are staying at Rio right now because it’s under MGM Mlife relationship.

let’s just see if the rates are still in the $30s and $40s .
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Old Mar 18, 21, 11:41 am
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Originally Posted by HoustonConsultant View Post
Each time I'm in Vegas I think, "Hey, the Rio looks interesting. I should wander over there and look around.", and yet, I've never wandered over there.

I'm not sure globalist benefits would motivate me to stay away from the strip.

I don't even hop around from casino to casino very much, but I have some sort of psychological block with crossing 15.
I didn't mind hopping into a cab (pre-rideshare) to go to the Palms or the Hard Rock for evening fun...never did for Rio though! Let's see what the non-HR brand(s) are...
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Old Mar 18, 21, 11:44 am
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I wonder how much business the Mlife relationship brings to either Hyatt or MGM. That said, I wouldn't want it to end, it's been a nice way to earn a few extra Hyatt points.

Mlife doesn't have a redeemable points earning scheme for spend/hotel stays, so if they severed the relationship with Hyatt and didn't come up with a new plan, they would be at a disadvantage versus Caesars, which does earn reward points for spend. Hard to say how much customers would care about this.

Globalist benefits in Vegas does sound tempting, but the location is crap unless you want to drive everywhere, so I don't see myself ever doing it. The cost of ubers or car rentals would eat up the resort fee savings pretty quickly, but the hassle is a bigger concern for me. A side trip off the strip? Sure. Staying off the strip? Not so much.

I wonder if they plan to indefinitely keep the Caesars casino affiliation.
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Old Mar 18, 21, 12:04 pm
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If this hotel sets to Cat 3 or 4 (probably not cat 2 since those two Hyatt Places are cat 2), it might be a good deal for non-Globalists using points/free night award to avoid the resort fees. Perhaps even better for Explorists if there is a Regency/Grand club using the club access award, and status match to Mlife Gold to get free parking at Mlife hotels.
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Old Mar 18, 21, 12:33 pm
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Originally Posted by lAzyTraveler View Post
If this hotel sets to Cat 3 or 4 (probably not cat 2 since those two Hyatt Places are cat 2), it might be a good deal for non-Globalists using points/free night award to avoid the resort fees. Perhaps even better for Explorists if there is a Regency/Grand club using the club access award, and status match to Mlife Gold to get free parking at Mlife hotels.
It’s never a good deal. For years it’s been fairly easy to get a good room with a base rate of $30 at the Rio (so about $60 with Resort Fees). So even at a Cat 2 it’s still a bad deal.

I am wondering though what exactly this means.

Does it mean they’re turning the Rio into several different Hyatt’s? That’s what it sounds like, which is quite strange.
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