Cycas Hospitality to manage first European dual-branded hotels
The properties are being developed by Kaufman & Broad and are set to open in the second half of 2020
Cycas Hospitality, an extended-stay hotel operator based in the UK, has signed a deal in France which will see it manage the first dual-branded hotels in Europe.
The group signed a lease agreement to operate the Hyatt Place and Hyatt House hotels, which are being built near Paris Charles De Gaulle airport. A study by Cycas revealed that there is a strong market for extended-stay hotels at major airports.
Both properties will have a total of 430 rooms, with each hotel featuring conference rooms, all-day dining/bar facilities, a gym and a large swimming pool.
Asli Kutlucan, partner at Cycas Hospitality, 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.”
He added: “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. These are exciting times and we look forward to announcing further news soon.”
