The Hyatt Hotels Corporation is eager to add to its portfolio of 415 properties worldwide, either by buying hotels, signing management deals or by acquiring another brand.
At an opening party for the 253-bedroom Andaz Wall Street - Hyatt's second hotel in New York - the group's chief executive officer Mark Hoplamazian told The Wall Street Journal that the company wants to increase its presence in the world's top cities in order to compete better with rival hotel companies.
"We do believe there will be opportunities to acquire properties or maybe even a brand at some point," he said. "In terms of our (acquisition) outlook, it's going to depend on what's out there in the market."
By Janet Harmer
E-mail your comments to Janet Harmer here.
If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk
Looking for a new job? Find your next bar/pub/restaurant/hotel] job here with Caterersearch.com jobs
Insert one of these links:
http://www.caterersearch.com/jobs/browse/restaurant.htm - Restaurant Jobs
http://www.caterersearch.com/jobs/browse/hotel.htm - Hotel Jobs