UK-based extended-stay hotel operator Cycas Hospitality is expanding into France with a Hyatt-branded property close to Paris Charles de Gaulle airport.
The company, which operates Hyatt Place London Heathrow Airport, will manage the first dual-branded Hyatt property in Europe.
Cycas has signed a lease agreement to operate the Hyatt Place and Hyatt House hotels, which are both on one site and are due to open in 2020.
The five-storey building locsted on a business park will have a total of 430 rooms – 309 at Hyatt Place and 121 at the Hyatt House extended-stay hotel.
The hotels will share conference, all-day dining and bars, a gym and swimming pool.
The deal is Cycas’s first following a major investment from Huakee Group, a Thai-based family office and a major hotel owner and operator.
With this backing, Cycas is rapidly growing its operations in Europe, including opening its first dual-branded hotel in Amsterdam at the start of the year under Marriott’s Moxy and Residence Inn brands.
Cycas Hospitality partner Asli Kutlucan said: “We are proud to continue our relationship with Hyatt through this agreement, which sees us managing the Hyatt House extended-stay brand for the first time.
“This is a major milestone in our international rollout plans, taking advantage of the growing and widely untapped market for the extended-stay concept in Europe to bridge the gap between hotels and home.
“With further deals in our pipeline in France and Germany, our next key focus, we are making steady progress towards our target of having more than 10,000 guest rooms open and operating by 2022. We look forward to announcing further news soon.”
Hyatt Hotels vice president development, Europe and North Africa, Felicity Black-Roberts, added: “We are confident that Cycas’s extensive experience of successfully managing double-decker hotels will help us take full advantage of the many opportunities that this prime airport location offers for corporate as well as leisure travellers.”
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