Hyatt Corporation loses control of Caribbean property after disappointed owners replace management
Skift Take
There's reflagging by normal means, then there's reflagging by kicking out the previous operator -- usually accompanied by claims of missed revenue targets and mis-management.
Last Monday, a Curacao court denied a bid by Hyatt Corporation and Hyatt Curacao NV to resume control of the former Hyatt Regency Curacao Golf Resort, Spa and Marina.
Following a hearing on Friday, the trial court in Curacao issued an order stating that it would not grant Hyatt the injunctive relief it was seeking. The brand management company lost its bid to resume managerial control of the luxury resort from which it was removed on December 15, 2012.
On December 15, Santa Barbara Hospitality NV removed Hyatt as manager of the resort, renamed the property as the Santa Barbara Beach and Golf Resort, Curacao, and installed Benchmark Hospitality International as the property manager. The owne
