Hyatt Expands Presence In China With Unbound Collection Brand
Zacks Investment Research | Jun 30, 2019 09:56PM ET
Hyatt Hotels Corporation (NYSE:H) is leaving no stone unturned to fortify its presence worldwide. Recently, the company announced that The Lost Stone Villas & Spa, in Tengchong, Yunnan Province of Southwest China, is now part of The Unbound Collection by Hyatt. Notably, this is the company’s second property under its Unbound Collection brand in Greater China.
The villas have 1,572 square feet guestrooms, two attractive banquet halls of 3,767 square feet and 2,690 square feet. Stephen Ho, president, Greater China, global operations, Hyatt said that “We look forward to welcoming our guests to embark on a spiritually enriching journey at the hotel, where they can escape from the distractions and discover another unique and story worthy property within the collection.”
So far this year, shares of Hyatt have increased 12.7% compared with the Zacks Investment Research
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