Hyatt Hotels Corp
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
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Item 2. Properties
The following table sets forth a description of each owned or leased property in our portfolio of properties at December 31, 2023.
| Hotel Property | Location | Rooms | # of Hotels | Ownership (1) |
|---|---|---|---|---|
| Owned and Leased Hotels | ||||
| Full Service | ||||
| Americas Owned: | ||||
| Park Hyatt Chicago | Chicago, IL | 182 | 100% | |
| Park Hyatt New York | New York, NY | 210 | 100% | |
| Miraval Arizona Resort and Spa | Tucson, AZ | 145 | 100% | |
| Miraval Austin Resort and Spa | Austin, TX | 117 | 100% | |
| Miraval Berkshires Resort and Spa | Lenox, MA | 121 | 100% | |
| Hyatt Grand Central New York (2) | New York, NY | 1,298 | 100% | |
| Grand Hyatt Rio de Janeiro | Rio de Janeiro, Brazil | 436 | 100% | |
| Grand Hyatt São Paulo | São Paulo, Brazil | 467 | 100% | |
| Hyatt Regency Aruba Resort Spa and Casino (2) | Palm Beach, Aruba, Dutch Caribbean | 359 | 100% | |
| Hyatt Regency Baltimore Inner Harbor (2) | Baltimore, MD | 488 | 100% | |
| Hyatt Regency Green Bay | Green Bay, WI | 241 | 100% | |
| Hyatt Regency Long Beach (2) | Long Beach, CA | 531 | 100% | |
| Hyatt Regency O'Hare Chicago | Rosemont, IL | 1,095 | 100% | |
| Hyatt Regency Orlando | Orlando, FL | 1,641 | 100% | |
| Hyatt Regency Phoenix | Phoenix, AZ | 693 | 100% | |
| Hyatt Regency San Antonio Riverwalk (2) | San Antonio, TX | 630 | 100% | |
| Hyatt Regency Irvine | Irvine, CA | 516 | 100% | |
| Hyatt Centric The Pike Long Beach (2) | Long Beach, CA | 138 | 100% | |
| Americas Owned | 9,308 | 18 | ||
| Americas Leased: | ||||
| Andaz West Hollywood (3) (4) | West Hollywood, CA | 240 | —% | |
| Hyatt Regency San Francisco (3) (4) | San Francisco, CA | 821 | —% | |
| Americas Leased | 1,061 | 2 | ||
| Total Americas Owned and Leased Hotels | 10,369 | 20 | ||
| EAME Owned: | ||||
| Park Hyatt Paris-Vendôme | Paris, France | 156 | 100% | |
| Park Hyatt Zurich (2) | Zurich, Switzerland | 138 | 100% | |
| Andaz London Liverpool Street (5) | London, England | 267 | 100% | |
| EAME Owned | 561 | 3 | ||
| EAME Leased: | ||||
| Hyatt Regency Cologne (3) (4) | Cologne, Germany | 306 | —% | |
| EAME Leased | 306 | 1 | ||
| Total EAME Owned and Leased Hotels | 867 | 4 | ||
| Total Full Service Owned and Leased Hotels | 11,236 | 24 | ||
| Hotel Property · Location · Rooms · # of Hotels · Ownership (1) | ||||||
|---|---|---|---|---|---|---|
| Select Service | ||||||
| Owned: | ||||||
| Hyatt Place Macaé | Macaé, Brazil | 141 | 100% | |||
| Hyatt Place Sao Jose do Rio Preto | São José do Rio Preto, Brazil | 152 | 100% | |||
| Select Service Owned | 293 | 2 | ||||
| Leased: | ||||||
| Hyatt Place Amsterdam Airport (3) (4) | Amsterdam, The Netherlands | 330 | —% | |||
| Hyatt Place Atlanta/Buckhead (6) | Atlanta, GA | 171 | —% | |||
| Select Service Leased | 501 | 2 | ||||
| Total Select Service Owned and Leased Hotels | 794 | 4 | ||||
| All-Inclusive Leased (7) | ||||||
| Leased: | ||||||
| Alua Calas de Mallorca Resort (3) (4) | Mallorca, Spain | 474 | —% | |||
| Alua Illa de Menorca (3) (4) | Menorca, Spain | 228 | —% | |||
| AluaSoul Menorca (3) (4) | Menorca, Spain | 133 | —% | |||
| AluaSun Mediterraneo (3) (4) | Menorca, Spain | 72 | —% | |||
| AluaSun Cala Antena (3) (4) | Mallorca, Spain | 334 | —% | |||
| AluaSun Far Menorca (3) (4) | Menorca, Spain | 34 | —% | |||
| All-Inclusive Leased | 1,275 | 6 | ||||
| Total All-Inclusive Owned and Leased Hotels | 1,275 | 6 | ||||
| Unconsolidated Hospitality Venture Hotels | ||||||
| Full Service | ||||||
| Americas Unconsolidated Hospitality Ventures: | ||||||
| Andaz Mayakoba Resort Riviera Maya | Playa del Carmen, Mexico | 214 | 40% | |||
| Hyatt Regency Columbus (2) | Columbus, OH | 633 | 24% | |||
| Hyatt Regency Crystal City at Reagan National Airport | Arlington, VA | 686 | 50% | |||
| Hyatt Regency Huntington Beach Resort and Spa | Huntington Beach, CA | 517 | 40% | |||
| Hyatt Regency Miami (2) | Miami, FL | 615 | 50% | |||
| Hyatt Centric Buckhead Atlanta | Atlanta, GA | 218 | 50% | |||
| Hyatt Centric Downtown Nashville | Nashville, TN | 252 | 40% | |||
| Hyatt Centric Center City Philadelphia | Philadelphia, PA | 332 | 40% | |||
| Americas Unconsolidated Hospitality Ventures | 3,467 | 8 | ||||
| EAME Unconsolidated Hospitality Ventures: | ||||||
| Park Hyatt Milan | Milan, Italy | 106 | 30% | |||
| Andaz Vienna Am Belvedere | Vienna, Austria | 303 | 50% | |||
| EAME Unconsolidated Hospitality Ventures | 409 | 2 | ||||
| Hotel Property · Location · Rooms · # of Hotels · Ownership (1) | |||||||
|---|---|---|---|---|---|---|---|
| ASPAC Unconsolidated Hospitality Ventures: | |||||||
| Grand Hyatt Bali | Bali, Indonesia | 636 | 10% | ||||
| Andaz Bali | Bali, Indonesia | 149 | 10% | ||||
| Hyatt Regency Bali | Bali, Indonesia | 363 | 10% | ||||
| Grand Hyatt Mumbai Hotel & Residences | Mumbai, India | 548 | 50% | ||||
| Andaz Delhi (2) | New Delhi, India | 401 | 50% | ||||
| Hyatt Regency Ahmedabad | Ahmedabad, India | 269 | 50% | ||||
| Hyatt Regency Lucknow | Lucknow, India | 205 | 50% | ||||
| Hyatt Raipur | Raipur, India | 105 | 50% | ||||
| ASPAC Unconsolidated Hospitality Ventures | 2,676 | 8 | |||||
| Total Full Service Unconsolidated Hospitality Ventures | 6,552 | 18 | |||||
| Select Service Unconsolidated Hospitality Ventures | |||||||
| Hyatt House Denver/Downtown | Denver, CO | 113 | 50% | ||||
| Hyatt Place Atlanta / Centennial Park | Atlanta, GA | 175 | 50% | ||||
| Hyatt Place Boston / Seaport District (2) | Boston, MA | 297 | 50% | ||||
| Hyatt Place Denver/Downtown | Denver, CO | 248 | 50% | ||||
| Hyatt Place Hampi (2) | Bellary, India | 115 | 50% | ||||
| Caption by Hyatt Beale Street Memphis | Memphis, TN | 136 | 50% | ||||
| Total Select Service Unconsolidated Hospitality Ventures | 1,084 | 6 | |||||
| Total Unconsolidated Hospitality Ventures (8) | 7,636 | 24 | |||||
(1) Unless otherwise indicated, ownership percentages include both the property and the underlying land.
(2) Our ownership interest in the property is subject to a third-party ground lease on the land.
(3) Property is accounted for as an operating lease.
(4) We own a 100% interest in the entity that is the operating lessee.
(5) Our ownership interest is derived through a long leasehold interest in the hotel building, with a nominal annual rental payment.
(6) Property is accounted for as a finance lease.
(7) Certain resorts in Europe operate under a hybrid all-inclusive model, which includes various all-inclusive package options as well as rooms-only options.
(8) Excludes six UrCove hotels where we own a 49% interest in an unconsolidated hospitality venture that is the operating lessee.
Below is a summary of our Hyatt managed and franchised hotels, including owned and leased hotels, for all periods presented.
| December 31, 2023 | December 31, 2022 | December 31, 2021 | ||||
|---|---|---|---|---|---|---|
| Properties | Rooms | Properties | Rooms | Properties | Rooms | |
| Americas Management and Franchising | ||||||
| Full Service Hotels | ||||||
| Managed | 180 | 74,772 | 174 | 74,036 | 172 | 72,932 |
| Franchised | 101 | 29,681 | 91 | 25,567 | 85 | 24,409 |
| Full Service Hotels | 281 | 104,453 | 265 | 99,603 | 257 | 97,341 |
| Select Service Hotels | ||||||
| Managed | 46 | 6,709 | 48 | 7,077 | 46 | 6,780 |
| Franchised | 445 | 62,130 | 430 | 60,161 | 424 | 59,150 |
| Select Service Hotels | 491 | 68,839 | 478 | 67,238 | 470 | 65,930 |
| ASPAC Management and Franchising | ||||||
| Full Service Hotels | ||||||
| Managed | 172 | 53,097 | 165 | 51,316 | 152 | 48,252 |
| Franchised | 21 | 6,022 | 13 | 3,603 | 12 | 3,481 |
| Full Service Hotels | 193 | 59,119 | 178 | 54,919 | 164 | 51,733 |
| Select Service Hotels | ||||||
| Managed | 44 | 8,086 | 39 | 6,611 | 35 | 5,878 |
| Franchised | 42 | 6,650 | 26 | 4,532 | 13 | 2,244 |
| Select Service Hotels | 86 | 14,736 | 65 | 11,143 | 48 | 8,122 |
| EAME Management and Franchising | ||||||
| Full Service Hotels | ||||||
| Managed | 77 | 19,396 | 77 | 19,347 | 74 | 18,854 |
| Franchised | 62 | 10,146 | 57 | 9,627 | 20 | 3,471 |
| Full Service Hotels | 139 | 29,542 | 134 | 28,974 | 94 | 22,325 |
| Select Service Hotels | ||||||
| Managed | 16 | 2,909 | 17 | 3,055 | 15 | 2,604 |
| Franchised | 5 | 1,116 | 5 | 1,116 | 6 | 1,411 |
| Select Service Hotels | 21 | 4,025 | 22 | 4,171 | 21 | 4,015 |
| Total Full Service and Select Service Hotels (1) | 1,211 | 280,714 | 1,142 | 266,048 | 1,054 | 249,466 |
| Americas | ||||||
| All-Inclusive Hotels | 78 | 28,741 | 72 | 25,425 | 68 | 24,873 |
| EAME (2) | ||||||
| All-Inclusive Hotels | 46 | 12,686 | 49 | 12,635 | 40 | 10,605 |
| Total All-Inclusive Hotels | 124 | 41,427 | 121 | 38,060 | 108 | 35,478 |
| Total Managed and Franchised | 1,335 | 322,141 | 1,263 | 304,108 | 1,162 | 284,944 |
(1) Figures do not include vacation or residential units.
(2) Certain resorts in Europe operate under a hybrid all-inclusive model, which includes various all-inclusive package options as well as rooms-only options.
Included in the summary above are the following owned and leased hotels:
| December 31, 2023 | December 31, 2022 | December 31, 2021 | ||||
|---|---|---|---|---|---|---|
| Properties | Rooms | Properties | Rooms | Properties | Rooms | |
| Owned and Leased Hotels | ||||||
| Full Service Hotels | ||||||
| United States | 17 | 9,107 | 17 | 9,132 | 22 | 11,058 |
| Other Americas | 3 | 1,262 | 3 | 1,262 | 3 | 1,262 |
| EAME | 4 | 867 | 4 | 867 | 5 | 1,135 |
| Select Service Hotels | ||||||
| United States | 1 | 171 | 1 | 171 | 1 | 171 |
| Other Americas | 2 | 293 | 2 | 293 | 2 | 293 |
| EAME | 1 | 330 | 1 | 330 | 1 | 330 |
| Total Full Service and Select Service Hotels | 28 | 12,030 | 28 | 12,055 | 34 | 14,249 |
| All-Inclusive Hotels (1) | 6 | 1,275 | 6 | 1,279 | 4 | 909 |
| Total Owned and Leased Hotels (2) | 34 | 13,305 | 34 | 13,334 | 38 | 15,158 |
(1) Certain resorts in Europe operate under a hybrid all-inclusive model, which includes various all-inclusive package options as well as rooms-only options.
(2) Figures do not include unconsolidated hospitality ventures.
Corporate Headquarters and Regional Offices
Our corporate headquarters are located at 150 North Riverside Plaza, Chicago, IL, pursuant to an operating lease. At December 31, 2023, we lease approximately 262,000 square feet.
In addition to our corporate headquarters, we lease space for our regional offices, service centers, data centers, and sales offices in multiple domestic and international locations, including Bayside, WI; Cancún, Mexico; Chandler, AZ; Dubai, United Arab Emirates; Franklin Park, IL; Gurgaon, India; Hong Kong, People's Republic of China; London, England; Mainz, Germany; Melbourne, Australia; Moore, OK; Newtown Square, PA; Omaha, NE; and Zurich, Switzerland.
We believe our existing office properties are in good condition and are sufficient and suitable for the conduct of our business. In the event we need to expand our operations, we believe suitable space will be available on commercially reasonable terms.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.