Hyatt Place Expands in Morocco
Tuesday December 18th, 2012 - 12:56AM
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TAGHAZOUT, MOROCCO—Hyatt Hotels Corp. plans to open a 150-room Hyatt Place hotel in this suburb of Agadir, Morocco, in 2014.
The Hyatt Place Taghazout will be part of a master planned development called Taghazout Bay. The upper-end, select-service hotel is the second Hyatt-brand hotel currently under development in Morocco, joining the previously announced Park Hyatt Marrakech, a luxury property scheduled to open in 2013.
Tags: Hospitality Ownership
The most recent NYU Conference, earlier this month proved, once and for all, that the lodging industry has finally turned the corner and happy days are, indeed, here again. While the economists and pundits all provided plenty of anecdotal evidence to bear that out in terms of supply and demand ratios, RevPAR projections, asset values and all the other metrics, that’s not what has me convinced.