Hyatt Expands With Park Hyatt and Alila Brands


Skift Take

Hyatt to open Miraval Red Sea in Q1 2026, expand Park Hyatt to five locations, and rebrand Andaz Mayakoba as Alila in Feb 2026. Plus, more hotel development news.

The DJIA rose 104 points on Friday, while Nasdaq was up 73, the S&P 500 rose 13 points and the 10-year treasury yield was up .03 to 4.14%. Lodging stocks were modestly higher.

Xenia Hotels & Resorts provided a business update ahead of its participation at Nareit's REITworld:2025. XHR said quarter-to-date performance has been in line with expectations and that the government shutdown early in the quarter did not have a material impact. XHR said total RevPAR was up 8.1% through the end of November. Looking to 2026, XHR said group rooms revenue pace was up about 15% as of October 31, 2025, compared to the pace for 2025 at the same time last year. XHR expects non-rooms revenue growth to outpace rooms revenue growth again in 2026. Through 3Q25, their non-rooms revenue growth rate was four times greater than rooms revenue growth. XHR's investment in meeting space and group amenities helped drive that growth. Through December 4th, XHR has bought back