The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces Radisson Blu Safari Resort Kruger Park. The 120-room property is scheduled to open in Q2 2013.
Hyatt will be spending a record $1.8 million per room on the brand's first Park Hyatt hotel in Manhattan. The new hotel will become the U.S. flagship of the Hyatt luxury brand, and the most expensive hotel ever built in New York.
Adjusted EBITDA was $111 million compared to $92 million in the third quarter of 2009, an increase of 20.7%. Net income attributable to Hyatt was $30 million, or $0.17 per share, compared to net income attributable to Hyatt of $5 million, or $0.03 per share, in the third quarter of 2009.