Hyatt Announces Plans for the Former Byblos Hotel on Spain’s Costa del Sol to Join the Unbound Collection by Hyatt
CHICAGO--(BUSINESS WIRE)--Jul 30, 2020--
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with a wholly owned subsidiary of Intriva Capital European Principal Investment Fund I LP (“Intriva”), a European private equity fund, to see the former iconic Byblos Hotel in Mijas redeveloped into a luxury 200-bedroom resort. The property, which has been closed since 2010, will be managed by Marugal Hotel Management and will mark the first Hyatt-branded hotel in Southern Spain.
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Credit: Esteva I Esteva Arquitectura S.L.P.
Expected to open in early 2022, guests and World of Hyatt members will be able to enjoy the latest addition to The Unbound Collection by Hyatt portfolio, which will be located in one of Spain’s most visited regions, Andalusia.
“We are delighted to collaborate with Intriva to redevelop and rediscover the splendor of this famous building and welcome it into The Unbound Collection by Hyatt portfolio,” said Nuno Galvao Pinto, regional vice president of development Europe, Hyatt. “The illustrious past and distinctive architecture of the hotel make it a perfect fit for the brand and we expect it to be a truly exceptional addition this collection of storied hotels. We look forward to further growing this exciting independent brand across Europe, inviting guests to create story-worthy experiences at unforgettable properties.”
Since its original opening in 1986, the hotel has been known as a hideaway for jet setters and royalty alike. The iconic blue and white building will be restored as a luxury resort reflecting memories from a golden age of travel, attracting independent-minded guests seeking a sophisticated yet unscripted experience. Behind its new Andalusian latticework, the Byblos Hotel will offer moments that inspire visitors to create their own stories and enjoy Southern Spain’s distinctive lifestyle with its lush gardens, pools, bright spaces, and unique interiors. The hotel will offer an abundance of luxury amenities including a health club and spa, indoor and outdoor pools, a cinema, and a night club, family facilities including a kid’s club, and exceptional conference spaces for private events and business meetings.
The food and beverage venues at the hotel will incorporate and reflect Andalusian culture with a rooftop bar offering guests stunning views of the Sierra de Mijas mountain range. It will be located adjacent to two 18-hole golf courses, originally designed by Robert Trent Jones, making the resort an excellent base for guests looking for a golfing retreat.
“We are thrilled to team-up with Hyatt on this exciting project, restoring the iconic hotel to its former grandeur on the Andalusian coast,” said Tom Saunders, head of post-acquisition, Intriva. “We look forward to working with the local community to bring a new luxury resort to the area, underlining our commitment to the European leisure and hospitality sector at this challenging time. The hotel has a rich and exciting past that we intend to bring it to life once again supported by Hyatt.”
The announcement signifies a major addition to The Unbound Collection by Hyatt brand in Europe and marks the first Hyatt-branded hotel in Southern Spain. As the third most visited region in Spain in 2019 1, Andalusia represents a key opportunity to expand the Hyatt brand’s footprint in Southern Europe and to tap into the growing popularity of the region with tourists.
The resort will join other Hyatt-branded hotels in Spain, including Hyatt Centric Grand Vía Madrid, Hyatt Regency Hesperia Madrid, Hyatt Regency Barcelona Tower, and Hotel SOFIA Barcelona, which is part of The Unbound Collection by Hyatt brand.
The Unbound Collection by Hyatt gives guests the freedom to create their own story-worthy experiences at unique properties around the world, whether it’s a historic gem tucked in the heart of Paris, like Hôtel du Louvre, or a spectacular architectural monument such as Parisi Udvar Hotel Budapest. Additional properties within The Unbound Collection by Hyatt in Europe include:
- France: Hôtel Martinez in Cannes and Hôtel du Palais Biarritz
- Turkey: Nish Palas in Istanbul
- United Kingdom: Great Scotland Yard Hotel in London
For more information about hotels within The Unbound Collection by Hyatt brand, visit hyatt.com/brands/unbound-collection.
Guided by its purpose of care, Hyatt’s multi-layered Global Care & Cleanliness Commitment further enhances its operational guidance and resources around colleague and guest safety and peace of mind. More information on Hyatt’s commitment can be found here: hyatt.com/care-and-cleanliness.
The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
About The Unbound Collection by Hyatt
More than a compilation of independent, one-of-a-kind hotels, The Unbound Collection by Hyatt brand is a thoughtful curation of stories worth collecting. Whether it’s a modern marvel, a historic gem or a revitalizing retreat, each property provides thought-provoking environments and experiences that inspire for guests seeking elevated yet unscripted service when they travel. For a full list of hotels in the collection, visit unboundcollection.hyatt.com. Follow @UnboundxHyatt on Facebook and Instagram and tag your photos with #TellYourTale.
About Intriva Capital European Principal Investment Fund I LP
Intriva invests in special situations across Western Europe which arise from dislocated markets, structural change and unsustainable capital structures. Intriva places great emphasis on downside protection through attractive entry valuations, bespoke deal structuring and careful alignment of interests with key stakeholders. Intriva seeks top-down investment themes in dislocated sectors as well as bottom-up situational opportunities where it identifies the potential to take advantage of idiosyncratic or secular issues to structure a diversified portfolio of investments with an attractive risk-adjusted return profile.
About Marugal Hotel Management
Marugal was created in 2004 by Pablo Carrington and specializes in the development, launch and management of individual, independent hotels. The nine properties in the company’s portfolio retain their architectural integrity and a strong sense of place, combined with the highest service ethics and individual personality. Marugal is not a hotel chain; each member of the portfolio is a hotel with its own history and character, whether it’s a 19th century villa, an iconic 1960s hotel re-imagined or a former fortress.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 20 premier brands. As of March 31, 2020, the Company's portfolio included more than 900 hotel, all-inclusive, and wellness resort properties in 65 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top employees, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination®, Hyatt Regency®, Hyatt®, Hyatt Ziva ™, Hyatt Zilara ™, Thompson Hotels®, Hyatt Centric®, Caption by Hyatt, Joie de Vivre®, Hyatt House®, Hyatt Place®, tommie™, Hyatt Residence Club® and Exhale® brand names, and operates the World of Hyatt ® loyalty program that provides distinct benefits and exclusive experiences to its valued members. For more information, please visit www.hyatt.com.
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1 Instituto Nacional de Estadistica https://www.ine.es/en/daco/daco42/frontur/frontur1019_en.pdf
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CONTACT: Siân Rylander
+1 312 780 5797
[email protected] Loretan
Hyatt – Europe, Africa and Middle East and Southwest Asia
+41 44 279 1226
KEYWORD: ILLINOIS EUROPE SPAIN UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: LODGING DESTINATIONS TRAVEL VACATION
SOURCE: Hyatt Hotels Corporation
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PUB: 07/30/2020 04:00 AM/DISC: 07/30/2020 04:00 AM