Hyatt To Expand Thompson Hotels Portfolio in the Southern US
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Hyatt To Expand Thompson Hotels Portfolio in the Southern US

New Thompson hotels in Georgia and Texas expected to boost the lifestyle brand’s footprint in the region

July 07, 2020 // Franchising.com // CHICAGO - Hyatt Hotels Corporation (NYSE: H) announced today the continued growth of the Thompson Hotels brand throughout the Southern United States with deals for two new properties - Thompson Savannah and Thompson Buckhead - expected to open in Georgia in 2021. Marking the brand’s entry into the state, these projects will join four other Thompson hotels already under development including Dallas, Houston, San Antonio and Austin, Texas. These six new properties are expected to join Thompson’s nine hotels across the United States and Mexico, many of which have resumed operations and are welcoming back guests.

"We are excited to announce the future openings of six new Thompson hotels in Georgia and Texas, which, together with Thompson Nashville, will bolster the brand's presence in the Southern US," said Crystal Vinisse Thomas, Hyatt's director of global lifestyle brands. "In this new and uncharted era of travel, we recognize the importance of unique, lifestyle-driven hotels that inspire travelers seeking refined and evocative experiences. We look forward to inviting our guests to rediscover southern hospitality through the tailored lens of the Thompson Hotels brand--celebrating the rich culinary, music and artistic foundations of the South through exceptional service, crafted design and an elevated social scene."

Known for having a sophisticated and bold, evocative design alongside dynamic programming and visionary food & beverage, the brand’s new properties will highlight the compelling features of their respective neighborhoods, while thoughtfully weaving these details into the fabric of the experience for guests and locals alike.

The six properties slated to open in Savannah and Buckhead, Ga., and Dallas, Houston, San Antonio and Austin, Texas, will reflect the Thompson brand’s signature midcentury-modern design aesthetic layered with a style that celebrates each destination in a sophisticated way. With locations in exciting and emerging neighborhoods and a unique approach to both design and world-class culinary offerings, the Thompson Hotels brand will bring a stylish approach to hospitality that will make each hotel a sought-after hub for locals and travelers alike.

In addition to the previously announced 190-room Thompson Hollywood - set to debut in 2021 in the Vinyl District, the epicenter of the neighborhood - Thompson Hotels brand growth includes:

Thompson Savannah, Mid 2021

Thompson Savannah, scheduled to open in summer 2021, will bring together the city’s colorful past and exciting present with design that combines historic architectural details and contemporary flair. Developed by Atlanta-based Regent Partners as part of the mixed-use Eastern Wharf project - adjacent to the city’s historic center and on the banks of the Savannah River - the 193-room property is being designed by Dallas-based firm Studio 11 and will include 21 suites with wraparound balconies. From the parquet tile flooring of the lobby to the use of rich jewel tones and botanical patterns throughout both the common areas and guest rooms, the hotel’s design will be inspired by the endemic flora of a city famous for its many green spaces, while staying true to the mid-century modern aesthetic that has become a signature of the Thompson Hotels brand.

The property will feature a lobby bar and lounge, a three-meal restaurant and a rooftop bar with an outdoor area overlooking the city skyline. A grand staircase in the lobby will connect guests to a sprawling pool deck featuring a lap pool, fire features, and private daybeds and cabanas. In the guest rooms, focal oversized art pieces over the headboards will feature local artists, as part of a program developed in conjunction with the Savannah College of Art and Design (SCAD). Spacious walk-in showers, residential-style vanities and chaise lounges will give the rooms a luxurious feel. Meeting and events spaces will include two meeting rooms, a boardroom, a divisible ballroom and a poolside living room with an exterior patio.

Thompson Buckhead, Late 2021

Located in one of Atlanta’s most stylish neighborhoods, Thompson Buckhead is also being developed by Regent Partners and is scheduled to open in late 2021. The hotel’s home, in the walkable Buckhead Village area, will offer a more residential setting. Designed by Studio 11, the property will appropriately have the atmosphere of a luxurious private home - with an intimate jewel-box bar, works by local artists on display, and greenery throughout, the lobby will feel like a stylish and contemporary Southern great room. Chevron-patterned wood floors with area rugs, marble mosaic-tiled bathrooms and large walk-in showers are among the elements that will embody the sleek style of the 201 spacious guest rooms, inclusive of 32 suites. The penthouse-level Thompson Suite will include a spacious kitchen, glass-enclosed dining room, and master suite featuring a spa-like wet-room with steam shower and soaking tub.

Beyond the lobby bar, the property will also feature a signature, three-meal restaurant, an indoor/outdoor rooftop bar and lounge with sweeping city views, and a variety of meeting spaces totaling more than 10,000 square feet, including an outdoor pre-function patio. The hotel’s rooftop pool will include a pool bar serving light fare and drinks, as well as private cabanas.

Thompson Dallas, November 2020

Slated to open in fall 2020 and being developed by Todd Interests, the 219-room Thompson Dallas will be located downtown in a re-development of the iconic 52-story First National Bank Tower - a recognizable fixture of the Dallas skyline. Billed as The National, the architectural design for the project is being led by award-winning Dallas firm, Merriman Anderson Architects, who are restoring many of the 1961 building’s original elements, including historic marble from the Parthenon quarry. Contemporary furniture and works of art by local, national and international artists will complement the building’s historic touches.

Highlights of the hotel will include a signature restaurant on the 49th floor from a yet-to-be-announced two Michelin-starred chef, a 50th-floor observation deck, two rooftop restaurant and bar concepts, and an urban oasis on the ninth floor with an infinity-edge pool, six-treatment-room spa, state-of-the-art fitness center, and yoga and pet parks. The two penthouse-level Thompson Suites will measure more than 2,200 square feet each and offer sweeping city views from the 49th floor. Thompson Dallas will also offer 22,000 square feet of meeting and function space, including a 14,000-square-foot ballroom with floor-to-ceiling windows, ideal for hosting weddings, corporate events, and concerts.

Thompson San Antonio, November 2020

Scheduled to open in November 2020, Thompson San Antonio will be a 162-room hotel located in a luxury, mixed-use development on the banks of the San Antonio River and steps from the city’s celebrated River Walk. Complete with 28 suites and two penthouses - all with soaking tubs, full wet bars and views of Texas Hill Country - the property will also offer a full-service spa, a 20th floor rooftop bar with panoramic views of downtown, and more than 5,000 square feet of interior event space with natural light, including a 4,000-square-foot ballroom. Oversized guest rooms will provide stylish sanctuaries in the heart of San Antonio, while a restaurant from a celebrated local chef will also draw guests and locals alike.

Situated in the vibrant Arts District neighborhood across the river from the Tobin Center for the Performing Arts, the Thompson San Antonio and The Arts Residences development is being led by Houston-based DC Partners and San Antonio’s Universal Service Group. Powers Brown Architecture, a Houston-based firm, is the architect for the property, working in collaboration with Guadalajara-based interior design firm Amass & G, whose credits include Thompson Hotels’ award-winning The Cape resort in Cabo San Lucas.

Thompson Austin, Mid 2021

Scheduled to open in spring 2021, Thompson Austin will be located downtown in the music and entertainment district in a new mixed-use development from Magellan Development Group, Geolo Capital and Wanxiang America Real Estate Group. The hotel’s look will be a celebration of brutalist modern design with statement concrete walls and custom, handcrafted fixtures and details that accentuate the materiality of elements like polished stone and blackened steel. This brutalist aesthetic will be contrasted by lush greenery, soft leathers and other tactile materials. The architect of the 212-room property is bKL Architecture, with interiors by Simeone Deary Design Group, both based in Chicago. The hotel will house on its ground level an Austin outpost of an acclaimed Savannah restaurant concept, with design by Parts and Labor Design out of New York City. Designed as a social anchor for hotel guests, residents and the local community, a fourth-floor amenity deck under the design helm of Los Angeles’ Studio Collective will include two bars, a pool and private event space, boasting over 12,000 square feet of interior space and over 13,000 square feet of exterior space. The hotel will also offer traditional meeting and function space on its second floor, including a 3,500-square-foot grand ballroom, a junior ballroom and three meeting rooms.

Thompson Houston, 2023

Thompson Houston is scheduled to open in 2023. The 170-room hotel located close to downtown Houston is being developed by DC Partners and Tianqing Real Estate Development. The hotel will be part of The Allen, a mixed-use development facing Buffalo Bayou Park, which will include high-end shops, restaurants and other amenities.

These hotels will join the Thompson Hotels portfolio, which recently introduced the 225-room Thompson Washington D.C. on January 8, 2020. Located in the city’s emerging Navy Yard neighborhood, the hotel was recently named one of the “Best New Hotels” in Condé Nast Traveler’s prestigious 2020 Hot List.

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

About Thompson Hotels

Founded in 2001, Thompson Hotels is an award-winning boutique lifestyle hospitality brand with a collection of stunning, dynamic properties. Each of Thompson Hotels’ urban and resort locations offers a carefully layered environment that molds into its surrounding community. Guests are provided tailored stays with connections to world-class culinary offerings, arts and entertainment, and groundbreaking design. The Thompson portfolio of lifestyle hotels includes The Beekman and Gild Hall in New York City; Thompson Nashville; Thompson Seattle; Thompson Chicago; The Cape in Los Cabos, Mexico; Thompson Playa del Carmen in Riviera Maya, Mexico; Thompson Zihuatanejo on Mexico’s Pacific Coast; and its newest property, Thompson Washington D.C. in the Navy Yard neighborhood. Hotels currently under development include Texas properties in Dallas, San Antonio, Austin and Houston, as well as Thompson Denver, Thompson Buckhead and Thompson Savannah.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 20 premier brands. As of March 31, 2020, the Company's portfolio included more than 900 hotel, all-inclusive, and wellness resort properties in 65 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top employees, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination®, Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt Zilara™, Thompson Hotels®, Hyatt Centric®, Caption by Hyatt, Joie de Vivre®, Hyatt House®, Hyatt Place®, tommie™, Hyatt Residence Club® and Exhale® brand names, and operates the World of Hyatt® loyalty program that provides distinct benefits and exclusive experiences to its valued members.

Forward-Looking Statement

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, the short- and longer-term effects of the COVID-19 pandemic, including on the demand for travel, transient and group business, and levels of consumer confidence; actions that governments, businesses, and individuals take in response to the COVID-19 pandemic or any future resurgence, including limiting or banning travel; the impact of the COVID-19 pandemic, and actions taken in response to the COVID-19 pandemic or any future resurgence, on global and regional economies, travel, and economic activity, including the duration and magnitude of its impact on unemployment rates and consumer discretionary spending; the ability of third-party owners, franchisees or hospitality venture partners to successfully navigate the impacts of the COVID-19 pandemic; the pace of recovery following the COVID-19 pandemic or any future resurgence; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and the pace of economic recovery following economic downturns; levels of spending in business and leisure segments as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geo-political conditions, including political or civil unrest or changes in trade policy; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters such as earthquakes, tsunamis, tornadoes, hurricanes, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases or fear of such outbreaks, such as the COVID-19 pandemic; our ability to successfully achieve certain levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans and common stock repurchase program and quarterly dividend, including a reduction in or elimination of repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party property owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and the introduction of new brand concepts; the timing of acquisitions and dispositions, and our ability to successfully integrate completed acquisitions with existing operations; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to successfully execute on our strategy to expand our management and franchising business while at the same time reducing our real estate asset base within targeted timeframes and at expected values; declines in the value of our real estate assets; unforeseen terminations of our management or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates and operating costs; foreign exchange rate fluctuations or currency restructurings; lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, including as a result of industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; violations of regulations or laws related to our franchising business; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K and our Current Report on Form 8-K filed on April 21, 2020, which filings are available from the SEC. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

SOURCE Thompson Hotels

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