{"id":797046,"date":"2024-12-27T10:03:06","date_gmt":"2024-12-27T15:03:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/"},"modified":"2024-12-27T10:03:06","modified_gmt":"2024-12-27T15:03:06","slug":"hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/","title":{"rendered":"Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio"},"content":{"rendered":"

<\/p>\n

Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio<\/b><\/p>\n

Deal boosts Hyatt\u2019s all-inclusive platform with more rooms and expanded portfolio, boosts the growth of Grupo Pi\u00f1ero\u2019s hotel division and enhances ability to reach new guests in key markets<\/i><\/p>\n

CHICAGO & PALMA DE MALLORCA, Spain–(BUSINESS WIRE<\/a>)–Hyatt Hotels Corporation<\/a> (NYSE: H) today announced the completion of an agreement for affiliates of Hyatt and Grupo Pi\u00f1ero<\/a>to enter a long-term, asset-light strategic joint venture, headquartered in Palma de Mallorca, Spain, which will manage Bahia Principe Hotels & Resorts-branded properties and own the Bahia Principe brand. The 50\/50 joint venture increases Hyatt\u2019s all-inclusive portfolio giving guests and World of Hyatt members more opportunities to experience all-inclusive travel.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20241227750531\/en\/<\/a><\/p>\n

\"Cayo<\/p>\n

Cayo Levantado Resort | Dominican Republic (Photo: Business Wire)<\/p>\n<\/div>\n

\nThe agreement brings 22 resorts totaling approximately 12,000 rooms, including 21 resorts under the Bahia Principe Hotels & Resorts brand located across the Dominican Republic, Mexico, Jamaica, and Spain, as well as the exclusive Cayo Levantado Resort in the Dominican Republic, to Hyatt\u2019s Inclusive Collection. Grupo Pi\u00f1ero is the owner of the resorts managed by the joint venture and is committed to driving the continuous improvement of Bahia Principe hotels through renovation projects as part of its ongoing goals and this transaction. Building on Grupo Pi\u00f1ero\u2019s all-inclusive expertise and thriving European customer base, Hyatt will further contribute to the company\u2019s success and provide expanded opportunities for growth with travelers in the Americas and other key markets.<\/p>\n

\nBahia Principe\u2019s Chief Executive Officer Julio P\u00e9rez assumes leadership of the joint venture, with Grupo Pi\u00f1ero\u2019s current Global Chief Executive Officer Encarna Pi\u00f1ero serving as Chairman of the Board. Izet Mahalbasic, Vice President Hotel Finance for Hyatt, will join the joint venture as Chief Financial Officer.<\/p>\n

\n\u201cThis joint venture with Grupo Pi\u00f1ero enhances Hyatt\u2019s all-inclusive platform across multiple dimensions: more rooms, an expanded portfolio and more offerings on more stay occasions for guests and World of Hyatt members,\u201d said Mark Hoplamazian, President and Chief Executive Officer, Hyatt. \u201cGrupo Pi\u00f1ero has built an exceptional family legacy over the past 50 years, and together we look forward to driving sustainable growth and innovation within the all-inclusive space.\u201d<\/p>\n

\n\u201cIt is a great honor for Grupo Pi\u00f1ero to embark on this long-term alliance with Hyatt\u2014a groundbreaking model for both companies that promises significant benefits and advancements for our respective strategies,\u201d said Encarna Pi\u00f1ero, Global CEO of Grupo Pi\u00f1ero and Chairman of the Board. \u201cWe are confident that the combination of our decades of experience as leaders in the all-inclusive sector in the Caribbean and Hyatt\u2019s extensive global all-inclusive platform and systems will drive success for our joint venture.”<\/p>\n

\n\u201cI am excited to lead this strategic joint venture with Hyatt as we work to expand the Bahia Principe Hotels & Resorts brand,\u201d shared Julio P\u00e9rez, CEO of Bahia Principe. \u201cTogether, we will leverage our strengths to offer an unparalleled all-inclusive experience that will attract travelers from around the world. This milestone marks an important step for our company, and I am confident that this collaboration will help us to continue raising the quality and service standards of the hospitality industry.\u201d<\/p>\n

\nThis transaction builds on Hyatt\u2019s growth journey in all-inclusive, which started with the creation of the Hyatt Ziva and Hyatt Zilara brands in 2013 and combined with the largest acquisition in Hyatt\u2019s history with Apple Leisure Group in 2021, expanded to more than 140 properties globally across 10 brands in Hyatt\u2019s Inclusive Collection by the end of 2024.<\/p>\n

\nDetails regarding when and how Bahia Principe Hotels & Resorts will participate in the World of Hyatt loyalty program will be shared at a later date.<\/p>\n

The term \u201cHyatt\u201d is used in this release for convenience to refer to Hyatt Hotels Corporation and\/or one or more of its affiliates.<\/i><\/p>\n

About Hyatt Hotels Corporation<\/span><\/b><\/p>\n

\nHyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose \u2013 to care for people so they can be their best. As of September 30, 2024, the Company’s portfolio included more than 1,350 hotels and all-inclusive properties in 79 countries across six continents. The Company’s offering includes brands in the Luxury Portfolio<\/i>, including Park Hyatt<\/i><\/b>\u00ae, Alila<\/i><\/b>\u00ae, Miraval<\/i><\/b>\u00ae, Impression by Secrets<\/i><\/b>, and The Unbound Collection by Hyatt<\/i><\/b>\u00ae; the Lifestyle Portfolio<\/i>, including Andaz<\/i><\/b>\u00ae, Thompson Hotels<\/i><\/b>\u00ae, The Standard<\/i><\/b>\u00ae, Dream<\/i><\/b>\u00ae Hotels<\/i><\/b>, The StandardX<\/i><\/b>, Breathless Resorts & Spas<\/i><\/b>\u00ae, JdV by Hyatt<\/i><\/b>\u00ae, Bunkhouse<\/i><\/b>\u00ae Hotels<\/i><\/b>, and me and all hotels<\/i><\/b>; the Inclusive Portfolio<\/i>, including Zo\u00ebtry<\/i><\/b>\u00ae Wellness & Spa Resorts<\/i><\/b>, Hyatt Ziva<\/i><\/b>\u00ae, Hyatt Zilara<\/i><\/b>\u00ae, Secrets<\/i><\/b>\u00ae Resorts & Spas<\/i><\/b>, Dreams<\/i><\/b>\u00ae Resorts & Spas<\/i><\/b>, Hyatt Vivid Hotels & Resorts<\/i><\/b>, Sunscape<\/i><\/b>\u00ae Resorts & Spas<\/i><\/b>, and Alua Hotels & Resorts<\/i><\/b>\u00ae; the Classics Portfolio<\/i>, including Grand Hyatt<\/i><\/b>\u00ae, Hyatt Regency<\/i><\/b>\u00ae, Destination by Hyatt<\/i><\/b>\u00ae, Hyatt Centric<\/i><\/b>\u00ae, Hyatt Vacation Club<\/i><\/b>\u00ae, and Hyatt<\/i><\/b>\u00ae; and the Essentials Portfolio<\/i>, including Caption by Hyatt<\/i><\/b>\u00ae, Hyatt Place<\/i><\/b>\u00ae, Hyatt House<\/i><\/b>\u00ae, Hyatt Studios<\/i><\/b>, and UrCove<\/i><\/b>. Subsidiaries of the Company operate the World of Hyatt\u00ae loyalty program, ALG Vacations\u00ae, Mr & Mrs Smith, Unlimited Vacation Club\u00ae, Amstar DMC destination management services, and Trisept Solutions\u00ae technology services. For more information, please visit www.hyatt.com<\/i><\/a>.<\/p>\n

About Grupo Pi\u00f1ero<\/span><\/b><\/p>\n

\nGrupo Pi\u00f1ero is a Spanish tourism group founded in 1975 by Pablo Pi\u00f1ero. Currently chaired by Isabel Garc\u00eda Lorca and led since 2017 by Encarna Pi\u00f1ero, as Global CEO, together with her sisters Isabel, Chief Sustainability Officer and Lydia, chair of the Investment Committee. With almost 50 years of history, the Group carries out responsible management with a strategic plan whose transversal axis is sustainability. The main objective of this vision is to care for people, the environment and the promotion of tourism that generates wealth while based on respect for the destinations where it operates.<\/p>\n

\nIts activity includes four divisions: the Hotel business, which has resorts in the Dominican Republic (first hotel group with the largest number of owned establishments), Mexico, Jamaica and Spain; the Real Estate and Golf business, with residential complexes in the Dominican Republic and Mexico; the Tour Operator division, comprising Soltour, the leading independent tour operator in Spain and Portugal in the holiday segment, and the Mobility Incoming & Leisure division, which includes Coming2, the perfect destination host that complements the offer through land and maritime transport services, highlighting its commitment to sustainable mobility. Today, Grupo Pi\u00f1ero has more than 15,000 employees in Spain, Portugal, Dominican Republic, Mexico, Jamaica, Switzerland, USA, Argentina and Luxemburg.<\/p>\n

\nFor more information: www.grupo-pinero.com<\/a><\/p>\n

Forward-Looking Statements<\/b><\/p>\n

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the use of words such as \u201cmay,\u201d \u201ccould,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cseek,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201clikely,\u201d \u201cwill,\u201d \u201cwould\u201d and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable when made, are inherently uncertain, and are subject to numerous assumptions and uncertainties, many of which are outside of Hyatt\u2019s control, which could cause actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Forward-looking statements made in this press release are made only as of the date of their initial publication and neither party undertakes an obligation to publicly update any of these forward looking statements as actual events unfold, except to the extent required by applicable law. If one or more forward-looking statements is updated, no inference should be drawn that any additional updates will be made with respect to those or other forward-looking statements.<\/i><\/p>\n

\nHHC-FIN<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241227750531\/en\/<\/a><\/span><\/p>\n

MEDIA CONTACTS:
\n<\/b>
Hyatt
\n<\/b>
Robert Martinez
\n
robert.martinez1@hyatt.com <\/a><\/p>\n

Grupo Pi\u00f1ero
\n<\/b>
Patricia Reina
\n
preina@grupo-pinero.com <\/a><\/p>\n

\nKhy Labri
\n
klabri@llyc.global<\/a><\/p>\n

INVESTOR CONTACTS:
\n<\/b>
Adam Rohman
\n
adam.rohman@hyatt.com <\/a><\/p>\n

\nRyan Nuckols
\n
ryan.nuckols@hyatt.com<\/a><\/p>\n

KEYWORDS:<\/b> Caribbean Mexico Latin America Central America Europe Jamaica Spain Dominican Republic<\/p>\n

INDUSTRY KEYWORDS:<\/b> Luxury Restaurant\/Bar Lifestyle Consumer Lodging Vacation Destinations Retail Tourist Attractions Travel<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
Bahia Principe Grand El Portillo | Dominican Republic (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
Bahia Principe Grand Punta Cana | Dominican Republic (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
Bahia Principe Grand Jamaica (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
Bahia Principe Grand Bavaro | Dominican Republic (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
Cayo Levantado Resort | Dominican Republic (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
Bahia Principe Fantasia Tenerife | Spain (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio Deal boosts Hyatt\u2019s all-inclusive platform with more rooms and expanded portfolio, boosts the growth of Grupo Pi\u00f1ero\u2019s hotel division and enhances ability to reach new guests in key markets CHICAGO & PALMA DE MALLORCA, Spain–(BUSINESS WIRE)–Hyatt Hotels Corporation (NYSE: H) today announced the completion of an agreement for affiliates of Hyatt and Grupo Pi\u00f1eroto enter a long-term, asset-light strategic joint venture, headquartered in Palma de Mallorca, Spain, which will manage Bahia Principe Hotels & Resorts-branded properties and own the Bahia Principe brand. The 50\/50 joint venture increases Hyatt\u2019s all-inclusive portfolio giving guests and World of Hyatt members more opportunities … <\/p>\n

Continue reading “Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-797046","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio Deal boosts Hyatt\u2019s all-inclusive platform with more rooms and expanded portfolio, boosts the growth of Grupo Pi\u00f1ero\u2019s hotel division and enhances ability to reach new guests in key markets CHICAGO & PALMA DE MALLORCA, Spain–(BUSINESS WIRE)–Hyatt Hotels Corporation (NYSE: H) today announced the completion of an agreement for affiliates of Hyatt and Grupo Pi\u00f1eroto enter a long-term, asset-light strategic joint venture, headquartered in Palma de Mallorca, Spain, which will manage Bahia Principe Hotels & Resorts-branded properties and own the Bahia Principe brand. The 50\/50 joint venture increases Hyatt\u2019s all-inclusive portfolio giving guests and World of Hyatt members more opportunities … Continue reading "Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-27T15:03:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20241227750531\/en\/2340249\/4\/5._Cayo_Levantado_Resort_Dominican_Republic22.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio\",\"datePublished\":\"2024-12-27T15:03:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\\\/\"},\"wordCount\":1458,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20241227750531\\\/en\\\/2340249\\\/4\\\/5._Cayo_Levantado_Resort_Dominican_Republic22.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\\\/\",\"name\":\"Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20241227750531\\\/en\\\/2340249\\\/4\\\/5._Cayo_Levantado_Resort_Dominican_Republic22.jpg\",\"datePublished\":\"2024-12-27T15:03:06+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20241227750531\\\/en\\\/2340249\\\/4\\\/5._Cayo_Levantado_Resort_Dominican_Republic22.jpg\",\"contentUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20241227750531\\\/en\\\/2340249\\\/4\\\/5._Cayo_Levantado_Resort_Dominican_Republic22.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio - Market Newsdesk","og_description":"Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio Deal boosts Hyatt\u2019s all-inclusive platform with more rooms and expanded portfolio, boosts the growth of Grupo Pi\u00f1ero\u2019s hotel division and enhances ability to reach new guests in key markets CHICAGO & PALMA DE MALLORCA, Spain–(BUSINESS WIRE)–Hyatt Hotels Corporation (NYSE: H) today announced the completion of an agreement for affiliates of Hyatt and Grupo Pi\u00f1eroto enter a long-term, asset-light strategic joint venture, headquartered in Palma de Mallorca, Spain, which will manage Bahia Principe Hotels & Resorts-branded properties and own the Bahia Principe brand. The 50\/50 joint venture increases Hyatt\u2019s all-inclusive portfolio giving guests and World of Hyatt members more opportunities … Continue reading \"Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/","og_site_name":"Market Newsdesk","article_published_time":"2024-12-27T15:03:06+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20241227750531\/en\/2340249\/4\/5._Cayo_Levantado_Resort_Dominican_Republic22.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio","datePublished":"2024-12-27T15:03:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/"},"wordCount":1458,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20241227750531\/en\/2340249\/4\/5._Cayo_Levantado_Resort_Dominican_Republic22.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/","name":"Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20241227750531\/en\/2340249\/4\/5._Cayo_Levantado_Resort_Dominican_Republic22.jpg","datePublished":"2024-12-27T15:03:06+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/#primaryimage","url":"https:\/\/mms.businesswire.com\/media\/20241227750531\/en\/2340249\/4\/5._Cayo_Levantado_Resort_Dominican_Republic22.jpg","contentUrl":"https:\/\/mms.businesswire.com\/media\/20241227750531\/en\/2340249\/4\/5._Cayo_Levantado_Resort_Dominican_Republic22.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hyatt-and-grupo-pinero-finalize-strategic-joint-venture-adding-the-bahia-principe-hotels-resorts-brand-to-hyatts-existing-all-inclusive-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Hyatt and Grupo Pi\u00f1ero Finalize Strategic Joint Venture, Adding the Bahia Principe Hotels & Resorts Brand to Hyatt\u2019s Existing All-Inclusive Portfolio"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/797046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=797046"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/797046\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=797046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=797046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=797046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}