Source: TOPHOTELPROJECTS

Officials with the Hyatt Hotels Corporation have said there is a planned sale of a three-property portfolio, which will get the company to more than two-thirds of its goal of selling $1.5 billion in assets by 2020.

This is all part of the company's established capital recycling plan, and the three properties in question are the Andaz Maui at Wailea, the Grand Hyatt San Francisco, and the Hyatt Regency Coconut Point Resort and Spa. This is all in addition to the already completed sale of the Hyatt Regency Scottsdale Resort & Spa and the Royal Palms Resort and Spa for $305 million. Estimates place the value of the Andaz Maui and the Grand Hyatt San Francisco at a level that would get the company to roughly $1 billion of its stated $1.5 billion goal by 2020.

Hyatt company officials have said they are engaged with two separate brokers on potential asset sales at the moment, and that they have been largely pleased with the first rounds of bids for the available portfolio.

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U.S. Tax Law Could Help the Sales

Company officials for Hyatt Hotels Corporation have also said that the recent changes to the tax laws in the United States will benefit the asset sales overall. The company, however, must endure a short-term hit from the repatriation of some capital from overseas.

The money raised via the asset sales, however, stands to be put to use for a combination of other acquisition investment in Hyatt's overall business, as well as for returning capital to shareholders.

Is a Second Round of Asset Sales Forthcoming?

A natural question amid all of this is whether the Hyatt Hotels Corporation is eventually planning to start a second round of asset sales once it has reached its first goal of the $1.5 billion in sales.

In interviews, Hyatt CFO Patrick Grismer has previously said that at the moment it is too early to tell.

"We're not planning to do that at this state, and I think it would be premature to give guidance to that effect," Grismer has said. "When we committed to this, we did so on the basis that this would be meaningful but preserve balance sheet capacity in a way that grows our business. We also felt that in an environment that can be so uncertain, that we should commit to something we had absolute confidence we could do."

Let's take a look at a few other projects currently underway by Hyatt Hotels Corporation:

Hyatt Regency Oregon Convention Center

The Hyatt Regency branded hotel will include 600 guest rooms and 32,000 sq ft of ballroom and meeting room space [READ MORE…]

Andaz Am Belvedere Vienna

The Andaz Am Belvedere Vienna will be located next to the Belvedere Palace and opposite Vienna's Schweizergarten [READ MORE…]

Grand Hyatt Hotel Bogota

Located along Calle 26, the hotel will be a short distance from Simon Bolivar Park, National University, the La Gran Estacion luxury retail mall, and numerous companies and government ministries [READ MORE…]

More information on hotel projects by Hyatt Hotel Corporation can be found on TOPHOTELPROJECTS, the specialized service provider of cutting-edge information of the hospitality industry.

Jule Grass
Marketing Manager
+49 4261 4140 309
TOPHOTELPROJECTS