Hyatt has just announced a surprising expansion in Las Vegas.
Rio Las Vegas will become a Hyatt
The 2,500+ room Rio Las Vegas will be renovated and then become a Hyatt property. This multi-phase project is expected to bring multiple Hyatt full-service offerings to Las Vegas.
Here’s what we know so far about this new Hyatt:
- The 2,500+ room Rio Las Vegas will undergo a significant redevelopment of current public spaces, including gaming, retail, food and beverage, spa and fitness, and pool recreation deck
- One of the hotel’s existing towers will be renovated, and upon completion the tower will become a 1,501 room Hyatt Regency property, with standard guest rooms averaging 580 square feet
- The remainder of the Rio’s guest rooms are expected to be branded or affiliated with one or more other Hyatt full-service brands after they are renovated
- We don’t have an exact timeline yet with which any of this will happen
Rio Las Vegas will undergo a significant renovation
The context for this deal is interesting:
- Dreamscape is the current owner of the Rio; in December 2019 it purchased the hotel from Caesars for $516 million
- The agreement required that the hotel continue to be operated as a Caesars property for at least two years (which brings us through late 2021)
- Clearly after that clause expires, Dreamscape has other plans for the property
As Hyatt’s VP of Real Estate & Development, Kimo Bertram, describes this:
“We are thrilled that Dreamscape will help us bring multiple Hyatt full-service brands to Las Vegas, starting with a Hyatt Regency hotel, which we believe will deliver on the Hyatt Regency brand promise of creating meaningful connections in modern spaces designed for sharing, socializing, and collaborating. We know Las Vegas is an important destination for our guests, World of Hyatt members, and customers, and this project is a significant step for Hyatt as we continue to grow our brands in markets that matter most to our loyal travelers.”
What other Hyatt brands could this hotel be?
I’ll be curious to see what other brands Hyatt plans to include in this development:
- They’re all going to be full-service, so don’t expect a Hyatt Place or Hyatt House
- I don’t think we’ll see a Grand Hyatt, since Grand Hyatts are typically huge, and the Hyatt Regency will already have 1,500+ rooms
- I would guess we might see either an Andaz or Thompson, since they’re brands that are complementary to Hyatt Regency; Thompson seems to be particularly popular at the moment
- While I’m not convinced this will happen, it would certainly be cool if part of the development became a Park Hyatt
Could we see part of the hotel become a Thompson?
Hyatt’s MGM M Life partnership remains in place
While this will be Hyatt’s first mega-hotel in Las Vegas, World of Hyatt members have long been well covered in the city, thanks to Hyatt’s partnership with MGM. It’s stated that this development doesn’t impact Hyatt’s existing strategic loyalty alliance with MGM, though only time will tell if that’s actually the case.
Hyatt will soon have a direct competitor to MGM’s properties, so we’ll see how MGM feels about this.
Hyatt’s partnership with MGM won’t be changing (as of now)
This is an exciting addition for Hyatt
While I’m personally not a huge Las Vegas fan, there are lots of reasons for World of Hyatt members to be excited about this property:
- While Hyatt’s partnership with MGM is awesome, it doesn’t quite give you the same perks you’d receive when staying at a Hyatt
- Hyatt Globalist members have a lot to gain here, from the ability to use suite upgrade awards to confirm a suite, to waived resort & destination fees (which is huge in Las Vegas), to complimentary breakfast; this could very well become a new popular spot to “mattress run”
This could turn out to be a great hotel for mattress running
The Rio Las Vegas will be rebranded as a Hyatt, following an extensive renovation. The hotel has 2,500+ rooms — a tower with 1,500+ rooms will be converted into a Hyatt Regency, while it’s expected that other Hyatt brands will also be included in this development.
Personally I think it’s most likely we’ll also see a Thompson, but I could be wrong, and it’s also possible that we’ll see multiple additional full service brands.
What do you make of the new Hyatt Las Vegas, and what full-service brands would you like to see included in the development?