Description
Open a hotel under Hyatt franchise brand. Hotel franchises. Hotel management and development.
The hotel operator Hyatt Hotels Corporation is an American company that operates premium hotels worldwide. The headquarters of the corporation is located in the city of Chicago.
The management company began its history in 1957 under the leadership of two brothers – Jay and Donald Pritzker, when they bought the first Hyatt House in Los Angeles, founded three years earlier. The hotel was close to the airport and the brothers quickly realized that it was profitable. Thus, over the next few years, they created more hotels near large airports.
Opening of the first Hyatt hotel
In 1967, the first hotel was opened under the management of the Hyatt Hotels Corporation in another state – Atalanta, and in 1969 the hotel operator received the right to operate a hotel outside the United States – in Hong Kong. The Pritzker family is still officially the owner of the hotel chain.
There are now more than 1,170 hotels in the world operated by the Hyatt Hotels Corporation. The network employs over 127 thousand employees. The company’s turnover per year is approximately $5 billion, and the net profit is 766 million.
The portfolio of the management company includes a large number of well-known brands operating around the world. Most of the hotels operated by Hyatt Hotels Corporation operate under a franchise agreement. But in order to become a partner of the company, you need to undergo special training and experience in running the hotel business. In addition, the future hotel owner needs to have a lot of capital in order to invest in the development and opening of the hotel, as well as in the purchase of a franchise.
If you are looking for a management company (hotel operator), or want to open a hotel, then our experts will be able to offer you a comprehensive solution in the opening and management of a hotel.
Franchise cost: Hotel Operator – Hyatt Hotels Corporation:
- Initial fee: is 60 thousand dollars.
- Working capital – from 95 to 135 thousand.
- Royalty – 5%.
- Total investments – from 13 to 20 million dollars.
Read more about the “Hyatt Hotels Corporation – Hotel Operator” on the official website of the company: https://www.hyatt.com
Our services
Proriat Hospitality Partners – effective management and guarantee to restaurants’ and hotels’ profitability. Learn more about our solutions and services: www.proriat.com
Proriat Real Estate – turnkey solutions in selecting the best HoReCa premises. Commercial real estate catalog and sale of ready-made business: www.proriat-realestate.com
Proriat Franchise Development – brand development, attracting partners, franchisees, and opening new restaurants. Franchise catalog on the website: www.proriat-franchise.com
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