DR1 Daily News - Dominican Republic

Hyatt of the United States and Grupo Piñero of Spain announced the finalizing of a strategic joint venture for Hyatt to manage and market Bahia Principe Hotels & Resorts-branded properties and own the Bahia Principe brand. The announcement comes at a time when the US market is consolidated as the most important source of visitors for the Dominican Republic.

The 50/50 joint venture increases Hyatt’s all-inclusive room portfolio by approximately 30%. The agreement brings 22 resorts totaling approximately 12,000 rooms, including 21 resorts under the Bahia Principe Hotels & Resorts brand located across the Dominican Republic, Mexico, Jamaica, and Spain, as well as the exclusive Cayo Levantado Resort in the Dominican Republic to Hyatt’s Inclusive Collection.

The conclusion of the negotiations were announced concurrently on 27 December 2024 from both...