CHICAGO—Hyatt Hotels Corporation has revealed that a wholly owned subsidiary has entered into an agreement to purchase the 119-room Royal Palms Resort and Spa. The transaction is expected to close in July 2016. The hotel will continue to be operated as the Royal Palms Resort and Spa and will become affiliated with The Unbound Collection by Hyatt.
“The acquisition of the Royal Palms Resort and Spa shows our commitment to growing this brand, as well as our commitment to guests as we aim to create an increased presence in markets where we know they are traveling,” said Steve Haggerty, global head, real estate and capital strategy for Hyatt. “The Royal Palms Resort and Spa is an ideal fit for The Unbound Collection by Hyatt given the hotel’s prominent positioning in the market and its ability to create experiences for our guests. We look forward to continuing to grow this brand globally in a strategic and meaningful way.”
The hotel borders Scottsdale and Paradise Valley in Arizona, offering 119 oversized guestrooms, suites, casitas and villas, as well as more than 21,000 sq. ft. of estate-like indoor and outdoor meeting space.
Among the amenities are the Alvadora Spa and T.Cook’s restaurant, which features seasonal menus. The resort’s Desert Palm Pool includes cabanas, an outdoor lounge and spa. The Mix Up Bar and Desert Pool Side Café offer creative cocktails and al fresco poolside dining.
The Unbound Collection by Hyatt launched in February 2016 and has since grown to six properties, including the newest addition of the Royal Palms Resort and Spa. Other properties in the collection include The Confidante in Miami Beach, Miami; The Driskill Hotel in Austin, TX; the Hôtel du Louvre in Paris; the Carmelo Resort & Spa in Carmelo, Uruguay; and the Coco Palms Resort in Kauai, Hawaii, which is expected to undergo a revitalization and reopen in spring 2018.