Benzinga | Jan 20, 2022 05:58AM EST

Hyatt Plans To Launch Two New Hotels In UK

* Hyatt Hotels Corp (NYSE:H) said its affiliate has entered into management agreements with Stratford City Hotels Limited, a wholly-owned subsidiary of M&L Hospitality, for Hyatt Regency London Stratford and Hyatt House London Stratford.

* The 225-room Hyatt Regency London Stratford and the 127-room Hyatt House London Stratford are expected to open in Q2 2022.

* "The addition of these two hotels will be another exciting step in growing Hyatt's brand presence in the United Kingdom and in creating a network of hotels across the key commercial and leisure markets in the country," said Felicity Black Roberts, VP of development Europe, Hyatt.

* The hotels will join M&L Hospitality's existing Hyatt properties.

* Price Action: H shares closed lower by 3.24% at $86.94 on Wednesday.