Moves lift Hyatt growth outlook, serve long-term plan

A June 4 deal with Service Properties Trust to continue managing 17 of the 22 Hyatt Place hotels owned by SVC subsidiaries for 10 years raised Hyatt Hotel Corp.’s net rooms growth projection for the year to about 6%. Meanwhile, Hyatt says transactions involving resorts in California and Texas kept it moving toward a goal set in 2019 of reaching roughly $1.5 billion in net proceeds from the sale of real estate by March 2022.