Hyatt y Piñero acuerdan la gestión conjunta de Bahia Principe
💰 Grupo Piñero and Hyatt Hotels Corporation plan a long-term strategic alliance for Bahia Principe hotels under 'asset-light' model. The joint company, 50% owned by each group, is based in Palma de Mallorca. The alliance aims to increase Hyatt's 'all-inclusive' room portfolio by 30% and expand Grupo Piñero's customer base into the US and other key markets. Julio Pérez will be CEO, Encarna Piñero, board president. 23 resorts with over 12,000 rooms in Mexico, Dominican Republic, Jamaica, and Spain will join Hyatt's Inclusive Collection. Transaction completion expected in the coming months.
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