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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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.
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2022: So far In Venture Capital
- 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)