Hyatt Pursues European Growth Plans For a New Park Hyatt Hotel in Mallorca
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Cap Vermell Hotel Proyectos y Promociones, S.L, a Spanish real estate development company, for a new Park Hyatt hotel in Mallorca. Park Hyatt Mallorca will be the first Hyatt-branded hotel in Mallorca, an island in the Mediterranean Sea off the eastern coast of Spain.