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March 18, 2014
09:04 EDTHHyatt trying to be more transparent to narrow discount to peers, FT says
Hyatt shares trade at a discount to its peers, with the company’s family controlled structure and history of poor communication with Wall Street partly to blame, but the company is trying to be more transparent and last week hosted its first investor day after almost 60 years in business, reported Financial Times. CEO Mark Hoplamazian, who is facing intense competition from larger rivals and independent operators alike, has invested heavily in destinations and plans to open a super-luxury location this August in Manhattan, the report noted. Reference Link
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March 26, 2015
07:31 EDTHHyatt Hotels enters into management contract for Andaz hotel in Palm Springs
Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a management contract with Rael Development Corporation for an Andaz hotel in Palm Springs, Calif. The hotel will join Andaz hotels currently located in top resort destinations including Wailea, Napa, and Peninsula Papagayo, as well as other world-class cities such as London, New York, Los Angeles, Shanghai, and Tokyo. Andaz Palm Springs is expected to open in late 2016.

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