Hyatt Hotels Corporation and Grupo Piñero are forming a strategic joint venture to manage and enhance the Bahia Principe Hotels & Resorts brand, expected to significantly expand Hyatt's all-inclusive portfolio.

Information on the Target

Grupo Piñero, through its Bahia Principe Hotels & Resorts brand, has established itself as a leader in the all-inclusive hospitality sector. With nearly 30 years of industry experience, Bahia Principe operates 23 resorts across the Dominican Republic, Mexico, Jamaica, and Spain, boasting over 12,000 rooms. The brand is renowned for its commitment to providing quality services while fostering positive social and economic impacts within the communities it serves.

This strategic venture with Hyatt aims to enhance the brand’s operational capabilities and expand its market share in the rapidly growing all-inclusive segment. Under this joint venture, Hyatt's leadership in luxury all-inclusive experiences is set to transform client's perceptions and experiences while staying at Bahia Principe properties.

Industry Overview in Spain

The all-inclusive hospitality sector in Spain, particularly in regions like Mallorca, is experiencing significant growth. In recent years, customer preferences have shifted towards