Agência para o Investimento e Comércio Externo de Portugal


Hyatt Hotels Corporation (NYSE:H) announced that its affiliate inked a franchise deal with Realtejo – Hotelaria e Turismo, S.A., to develop the first Hyatt branded hotel in Portugal. The hotel named Hyatt Regency Lisbon will likely open in late 2020 and will be situated in a convenient location.

The move not only underscores Hyatt’s relentless focus on expansion but is also the hotelier’s way of countering growing competition from the likes of Marriott (NASDAQ:MAR) , Hilton (NYSE:HLT) and smaller hotel chains, including Choice Hotels (NYSE:CHH) .


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