20 New, New Hyatt Places
 

News release:

Hyatt Place™ Continues Strong Development Growth in First Half of 2007
6/28/2007 11:26:35 AM

Hyatt Place today announced its development results for the first half of 2007 with an additional 20 new build hotels, bringing the total number of new build Hyatt Place projects under development to 50 hotels. These new projects – which include the first Hyatt Place hotels in major metropolitan markets – will add to Hyatt Place’s rapidly growing portfolio, which will reach 120 hotels nationwide by year-end 2007.


“The Hyatt Place hotels already open confirm what our initial research revealed – that Hyatt Place has effectively created a new category in the upscale select service market by catering to today’s 24/7 lifestyle,” said Chris Ivy, senior vice president of development for Hyatt Place and Hyatt Summerfield Suites®. “The response to the hotels we have open today have exceeded not only our expectations on every level but consumers’ and the industry’s expectations as well, and that success coupled with our strong performance is allowing us to work with today’s most respected, prominent hotel developers.”


The following new-build Hyatt Place hotels are scheduled to open in 2008 throughout the U.S.:


North

Barrie, Ontario, Canada – scheduled to open Fall 2008, this 127-room hotel is located on Bryne Drive and Provincial 400


Chicago/Downtown, IL – located in the heart of downtown Chicago at Clark St. and Grand Ave., this 180-room hotel is scheduled to open Fall 2010


Chicago/Warrenville, IL – scheduled to open Spring 2009, this 127-room hotel is located at Ferry Road and Warrenville Road


Garden City (Long Island), NY – located on Long Island at 3 North Ave., this 121-room hotel is scheduled to open Winter 2008


Madison, WI – located in downtown Madison, this 151-room hotel is scheduled to open Spring 2009


Milwaukee-Downtown, WI – this 143-room hotel, located in downtown Milwaukee, is scheduled to open Fall 2008


Pittsburgh/North Shore – scheduled to open Fall 2008, this 127-room hotel is located at North Shore Drive and Mattingdale Road
South

Bonita Springs, FL – located at US 41 and Coconut Road, this 108-room hotel is scheduled to open Fall 2008


Dallas/Garland, TX – this 147-room hotel, located at US 190 and Garland Ave., is scheduled to open Summer 2008


Houston/Energy Corridor, TX – located at I-10 and SR-1960, this 127-room hotel is scheduled to open Winter 2008


Sarasota-Airport, FL – scheduled to open Winter 2008, this 114-room hotel is located at 960 University Parkway
East

Arundel Preserve, MD – located at I-295 and Arundel Mills Blvd. this 150-room hotel is scheduled to open Winter 2008


Baltimore/Downtown, MD – this 173-room hotel is located at 120 E. Lombard Street and scheduled to open Winter 2008


Concord, NC – this 127-room hotel, located at Speedway Blvd., just east of I-85, is scheduled to open Winter 2008


Midtown Manhattan-South, NY – located in Manhattan on West 36th St., this 220-room hotel is scheduled to open Summer 2008


Williamsburg, VA – scheduled to open in Winter 2008, this 127-room hotel is located at I-64 and SR-199
West

Portland-Airport, OR – located at 71st Ave. and Northeast Blvd., this 127-room hotel is scheduled to open Winter 2008


San Francisco-Airport, CA – scheduled to open Fall 2008, this 159-room hotel is located at 550 Gateway Blvd.


Sacramento/Davis, CA –located on the University of California-Davis campus, the hotel is scheduled to open Winter 2008


Salt Lake City-Airport, UT – just a short drive from the airport, this 123-room hotel is located at 52 N. Tommy Thompson Dr. and scheduled to open Summer 2008

Additional Hyatt Places "in the works" -- added from another press release:
Alaska
Anchorage
Alabama
Birmingham

Arizona
Phoenix/Avondale
Phoenix/Gilbert
Phoenix/Mesa

California
Fresno
Sacramento/Roseville

Colorado
Denver/Westminster

Florida
Boca Raton
Dania Beach
Jacksonville
Orlando/Lake Mary

Indiana
South Bend/Mishawaka

Kentucky
Lexington

Louisiana
Covington
Lafayette
Mississippi
Jackson/Madison
New York
Saratoga Springs/Malta

Nevada
Las Vegas/Henderson
Reno

Ontario, Canada
Niagara Falls

Pennsylvania
Bethlehem

South Carolina
North Charleston (2)

Tennessee
Memphis/Germantown

Virginia
Chesapeake
Fredericksburg
Herndon
Landsdowne

Washington
Seattle

Just wondering why Hyatt is not building a few more Grand Hyatt or Park Hyatt?

I think it is simple, a much quicker ROI with these suburban properties opposed to where most GH or PH are located. What was the last opening of PH/GH? Denver? I don't blame them. Plus the cost of a 100 room property in these locations is much cheaper than a 200+ room location in a metro area. Plus the overall operating costs. While not directly competing with Hilton or Marriott, they were losing money and market share without this segment.

Retreat domestically; expansion overseas
 

Whatever the reason, Hyatt is definitely on a retreat with the domestic Park, Grand and Regency brands. Expansions are in India, China and other Asian venues.