Hyatt and grupo piÑero finalize strategic joint venture, adding the bahia principe hotels & resorts brand to hyatt's existing all-inclusive portfolio

Chicago & palma de mallorca, spain--(business wire)--hyatt hotels corporation (nyse: h) today announced the completion of an agreement for affiliates of hyatt and grupo piÑero to enter a long-term, asset-light strategic joint venture, headquartered in palma de mallorca, spain, which will manage bahia principe hotels & resorts-branded properties and own the bahia principe brand. the 50/50 joint venture increases hyatt's all-inclusive portfolio giving guests and world of hyatt members more op.
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