Hyatt Place Debuts in Queens

Similar to its global expansion methods, Hyatt Hotels Company (H) is trying to expand its footprint domestically. The particular hotelier recently announced the starting of Hyatt Place Flushing/LaGuardia Airport terminal. This marks the debut of the Hyatt Place-branded hotel in Queens, NY.

Connecticut-based Meyer Jabara Hotels will manage the Hyatt Place Flushing/LaGuardia Airport, while New York-based real estate development firm, F& T Group was in charge from the development. In fact , the hotel is part of a development project called One Fulton Square, comprising store, hotel, office, and luxury home condominiums, owned and developed by F& T Group.

The 168-room hotel is in close proximity towards the LaGuardia Airport, one of the busiest international airports in New York. The hotel will offer amenities like modern, fully-equipped gyms, yoga studio and a rooftop pool. Also, there will be a savvy high-tech meeting space including a spacious gallery with regard to guests to relax and hold informal meetings. We believe such amenities along with the location will draw both leisure as well as business travelers towards the hotel.

In fact , Flushing is one of the most crowded downtown areas in New York City. Additionally , the flourishing economy of the region has resulted in a rise in demand for tourism. Hyatt, in our view, is looking to tap in on that demand with regard to hotels, both from international plus domestic travelers.

Hyatt currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the same sector include Wyndham Worldwide Corporation (WYN), Intercontinental Hotels Group plc (IHG) plus Marriott Vacations Globally Corp. (VAC). Each one of these stocks sport a Zacks Position #2 (Buy).

Read the Complete Research Report on WYN
Read the Full Research Report upon IHG
Read the Full Analysis Report on H
Look at the Full Research Report on VAC

Zacks Investment Research


-+011000110+-

Similar to its global expansion strategies, Hyatt Hotels Corporation (H) is looking to expand its footprint domestically. The hotelier lately announced the opening of Hyatt Place Flushing/LaGuardia Airport. This represents the debut of the Hyatt Place-branded hotel in Queens, NY.

Connecticut-based Meyer Jabara Resorts will manage the Hyatt Place Flushing/LaGuardia Airport, while New York-based real estate development firm, F& Arica movement was in charge of its development. In fact , the hotel is part of a development project named One Fulton Square, comprising retail, hotel, office, and luxury residential condominiums, owned and developed by F& T Group.

The 168-room hotel is in close proximity to the LaGuardia Airport terminal, one of the busiest airports in Ny. The hotel will offer amenities such as modern, fully-equipped gyms, yoga business and a rooftop swimming pool. Also, there will be a savvy high-tech meeting space System.Drawing.Bitmap spacious gallery for guests to unwind and hold casual meetings. All of us believe such facilities along with the place will draw both leisure along with business travelers to the hotel.

In fact , Flushing is one of the many crowded downtown areas in Nyc. Additionally , the thriving economy of the region has resulted in a rise sought after for tourism. Hyatt, in our view, is looking to tap in upon that demand for hotels, both from international and domestic travelers.

Hyatt currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the same sector consist of Wyndham Worldwide Company (WYN), Intercontinental Hotels Group plc (IHG) and Marriott Vacations Worldwide Corp. (VAC). All these stocks sport a Zacks Rank #2 (Buy).

Read the Full Research Report on WYN
Read the Complete Research Report on IHG
Read the Full Research Report upon H
Read the Full Analysis Report on VAC

Zacks Investment Research

This entry was posted in Airport Hotel News. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *