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November 26, 2020

Hyatt signs deal to open new property in London

An affiliate of Hyatt Hotels has signed a management agreement with developer R&F UK to open a new Park Hyatt property in London.

An affiliate of Hyatt Hotels has signed a management agreement with developer R&F UK to open a new Park Hyatt property in London.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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  • Understand what is driving the PE/VC fundraising (Deal Rationale)
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The 203-room property will be located within R&F UK’s Nine Elms development on the south bank of the river Thames, directly opposite of Westminster.

The hotel, named Park Hyatt London River Thames, is slated to open in 2022. The move will further bolster Hyatt’s footprint in the UK market as the company seeks to open new properties in Europe’s leading cities.

Hyatt vice-president of development Europe Felicity Black-Roberts said: “The addition of the Park Hyatt brand to London is a key milestone for Hyatt.

“It has always been a priority to bring our luxury Park Hyatt brand back to London, so this is a fantastic opportunity for us. We are excited to continue and expand on Hyatt’s relationship with R&F by bringing this new exciting hotel to London.”

The hotel, being located near the new US Embassy, aims to serve foreign travellers.

It will a part of the new series of developments undertaken by R&F UK which features eighteen buildings and include 2,300 high quality apartments as well as around 120,000ft2 of commercial space.

R&F UK global brand director Michael Purefoy said: “We are delighted that Hyatt has identified R&F UK’s Nine Elms development as the best location in London for its Park Hyatt brand.

“The globally recognised Hyatt name is a valuable addition to the development and we’re pleased to share that this agreement further cements the strong relationship that we continue to enjoy with Hyatt properties across the world.”

Park Hyatt hotels, one of the several brands of Hyatt, offer residential-inspired luxury experiences to the guests. Currently, there are 45 Park Hyatt hotels across the world.

Recently, Hyatt Hotels announced the opening of Thompson Dallas, a lifestyle hotel in the US state of Texas.

Related Companies

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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