Hyatt Expands All-Inclusive Offerings with New Strategic Partnership in Spain

Today, Hyatt Hotels Corporation (NYSE: H) unveiled the completion of a strategic collaboration with Grupo Piñero, launching a long-term, asset-light joint venture based in Palma de Mallorca, Spain. This venture will manage properties branded under Bahia Principe Hotels & Resorts and acquire ownership of the Bahia Principe brand itself. This partnership, split evenly between Hyatt and Grupo Piñero, will enhance Hyatt’s all-inclusive offerings, providing greater options for guests and World of Hyatt members to enjoy all-inclusive vacations.