Hyatt Is Pursuing Its 'Asset-Lighter' Strategy With Plan to Sell More Properties
Skift Take
It's hard to predict where markets will go, but it seems Hyatt is selling these two properties at an opportune time. How much higher can hotel real estate prices go?
Hyatt Hotels soon expects to sell valuable properties in Maui and San Francisco as it seeks to fulfill a commitment it made in November to sell $1.5 billion in real estate over a three-year period.
The chain wants to use the proceeds to invest in new businesses and to return money to shareholders.
Hyatt is shopping the Andaz Maui and Grand Hyatt San Francisco, and so far there is considerable interest, executives said Thursday on their fourth quarter earnings call. The company also seeks to sell a third hotel, the Hyatt Regency Coconut Point in Florida, but that's part of Hyatt's typical strategy of "recycling" assets, and not tied to the $1.5 billion plan.
Hyatt's inten
